Broadband Communities

MAR-APR 2016

BROADBAND COMMUNITIES is the leading source of information on digital and broadband technologies for buildings and communities. Our editorial aims to accelerate the deployment of Fiber-To-The-Home and Fiber-To-The-Premises.

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10 | BROADBAND COMMUNITIES | www.broadbandcommunities.com | 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

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