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BROADBAND COMMUNITIES
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www.broadbandcommunities.com
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MARCH/APRIL 2016
PROPERTY OF THE MONTH
Old Buildings,
New Technology:
Coronado Place and
Towers, St. Louis, Mo.
In this issue, BroadBand Communities showcases Coronado
Place and Towers in St. Louis, managed by Cardinal Group
Management. Despite its extraordinary location midway
between the Gateway Arch and Forest Park, the property
was ripe for a turnaround. The oldest building in the
four-building complex was built more than 100 years ago.
Cardinal Group turned to Charter Communications to build
a reliable, high-bandwidth broadband system over coax of
proven quality. Thanks to Dennis Finley of Spectrum Community Solutions and Mat
Windsor of Cardinal Group Management for supplying the information for this profle.
By Steven S. Ross / Broadband Communities
C
ardinal Group is a real estate investment,
construction, development and management
frm that specializes in opportunistic and value-
added investments throughout the United States. Te
frm sponsors private equity real estate partnerships and,
through its investment arm, provides third-party asset
management services to outside owners.
Te frm has earned a reputation for creating vibrant
multifamily and mixed-use communities that incorporate
signature design, high-quality fnishes and market-
leading amenities – and at the same time keeping a
gimlet eye on investment return. In the case of Coronado
Place and Towers, which Cardinal began managing a
year ago, broadband was at the top of the amenity list
because of the target market, students
and young professionals.
One of the four buildings was
originally an old hotel. But rather than
keeping the one-room, one-student
layout, the spaces had been sliced, diced
and combined, resulting in 64 diferent
foor plans that ranged from two-story
penthouses for $3,500 a month to small
studios for $600 and multibedroom
layouts leased by the room for $800.
Total capacity is 406 units with 657
bedrooms. Double occupancy is
allowed, so the maximum is about