St. Louis Is In a Doom Loop Real Estate Collapsing… Anton Says This Might Be An Investment Play | The Millionaire Morning Show w/ Anton Daniels

➡ The Millionaire Morning Show w/ Anton Daniels talks about how the Wall Street Journal called St. Louis a “real estate nightmare,” causing upset among locals. Despite this, many residents and business owners, including a holistic healer named Yaki Awaken, are committed to improving the city. They argue that the city is growing and doing well, contrary to the negative image portrayed in the media. The article also mentions plans for new developments, like a restaurant by celebrity chef Gordon Ramsay, suggesting a hopeful future for St. Louis.

St. Louis. Let’s talk about St. Louis. For example, St. Louis is very much aggravated right now because St. Louis has been labeled by the Wall Street Journal as a real estate nightmare. Now, St. Louis has been on my list of cities to visit for a long time. As a matter of fact, one of my cardinal rules, I’ve been kind of breaking it a little bit lately, but not so much.

One of my cardinal rules is that I won’t necessarily bring a city to the front of the congregation as far as saying something negative about the city itself or its leaders until I actually visit the city. And so one of the people that I’ve actually talked to is my dog. Yaki awaken. Yaqi awakened is a great guy. Some of y’all may have seen an interview that I did with him on my platform on an Anton Daniels channel.

And he’s really, really good at holistic healing and stuff like that. Shout out to my dog. Yaki awaken. He actually has a headquarters. He’s born and raised in St. Louis. And even though he could go anywhere and he can take his business anywhere that he wants, he’s similar to me in that he decided that he wanted to keep his business in the city and then focus on and work on building up the place that he grew up in and not running away from it, because he feel like it’s a lot of people that’s in other cities that’s already doing whatever it is that they want to do, neither here nor there.

But St. Louis has been on my radar for a while because everybody keep telling me how bad St. Louis is. I don’t know about that. I gotta go and see it for myself. So before we continue, before we continue, let me go ahead and show y’all what the Wall Street Journal is basically saying about St. Louis and then how the locals, the politicians, and the experts are reacted to it.

Make sure y’all hit a like for the algorithm. Subscribe to the channel and turn on your notifications. New at nine, the Wall Street Journal highlights problems in downtown St. Louis we’ve been reporting on since last year. The news comes just as the city celebrated a weekend of sports, bringing in more than 100,000 fans to downtown. Fox News Jeff Bernthal is live tonight with reaction to St. Louis making national news.

Jeff? Yeah, national news, and not in a good way, for sure. Greater St. Louis, Inc. Points out that these issues have been around for a while. They say they’ve been working to address them and point out there are positive factors that should not be ignored. We reported on the railway exchange problems. Now it’s garnered national headlines. The Wall Street Journal highlighting shuttered office space in downtown, calling St.

Louis a real estate nightmare. The future of downtowns is going to be a lot more mixing of uses, so it’s got to be a lot more residential. We’ve already started to see that. In fact, greater St. Louis, Inc. Estimates more than 10,000 residents live downtown. Before I moved here, I was under the impression that, you know, people are leaving in the masses, but as I move down here and live down here, I don’t see that.

The group, citizens for a greater downtown St. Louis released its own statement expressing hope the negative national attention will be a wake up call to work collaboratively to address problems. The group says it’s been highlighting for years. Overall, the quality of life downtown is pretty good. Residents we spoke with feel positive about downtown’s future. A wonderful place, live, and it’s going to get better. When we look at things like hotel bookings that are up, we see visitorship to the arch, which is way up.

There are a number of positive signs. Weigel says downtown is also seeing restaurant growth. There’s also word celebrity chef Gordon Ramsay is expected to open a new restaurant at the Four Seasons. As for this eyesore, we’re working with a development team, with architectural and financial experts from St. Louis and across the country on a program, basically a series of uses, financing strategy for see. And this is why I don’t necessarily listen to the national news, because if they painted the picture the way that they wanted to in order to get the clicks and views, and this is why I like also visiting places for myself.

I have been hearing stuff about Milwaukee for a long time. And then when I actually went and visited Milwaukee for myself, I’m like, man, Milwaukee is actually pretty awesome. Real talk. And I’m assuming that it’s probably the same with St. Louis and that we have, we have to have a balanced reporting and we have to really be able to go into it with honesty. The context matters and the context clues matters.

And also being able to see it for yourself will give you a better experience. And the people that actually live there saying, no, it’s not what they making it out to be. Actually we growing and we doing well, you know what I’m saying? So I don’t just take what a national outlet says is because a lot of times for a long time, we suffer from the same thing here in Detroit.

But everybody that comes here, everybody that visit, every NBA player that come through and sit on the couch and have a conversation to do an interview. Every woman that comes in and that I collaborate with every content creator, everybody that visits, they be like, man, this is nothing like what they saying on the news. This is completely different. And so maybe St. Louis is getting a bad rap and maybe I need to actually go and visit myself so I can see what’s really going on and not just take the national news word for it.

Let me look at another video where they actually reacted to what they were saying because they call in St. Louis a doom loop. Are y’all familiar with what a doom loop is? Check it out. Run down buildings and vacant high rises. It is no secret downtown St. Louis has seen better days. Well, now it’s getting national attention for being stuck in a so called doom loop. The Wall Street Journal article calls a saint or call St.

Louis a real estate nightmare and a cautionary tale for other cities. The report runs down a list of problems. First alert four has covered now for years. Investigator Susan El Corey asked city leaders about the issues they admit need fixing midday in downtown St. Louis. There’s no lunch rush and it’s not the rain that’s keeping people away. It’s absolutely worrisome. It’s easy to spot the empty graffiti covered and falling apart buildings, the at and T Tower Railway exchange in Millennium hotel, all glaring reminders of what the city lost.

But see, hold on, let me see something really quickly because I was just looking at something that said that that building just sold. See, just nine days ago they said something else. All right, so let me, let me show you all this really quickly because I knew I had seen something different cuz they acting like that’s news. This is what I heard the other day. New at nine, iconic but empty.

Fox News Andy Banker turns up big news about three of downtown St. Louis’s largest and most recognizable buildings. Not that long ago there was a plan to turn the old at and T Tower into a vertical city with a hotel, apartments, office space, penthouses, even a rooftop pool that fell apart about eight months ago. Now apparently there’s something else brewing. There’s no word yet of anything as grandiose as that vertical city plan, but we have confirmed the 1.

4 million square foot tower has just been sold to Boston real estate firm the Goldman Group for a bargain price. Records show it sold for nearly $205 million in 2006, but less than four point. That was before the real estate crash one two years ago and sources say less than that. This time, though, city officials have yet to confirm the final sale price. It’s the latest in a flurry of downtown activity involving three long, empty but critical buildings, railway exchange, the at and T Tower, and our Millennium hotel.

Those are enormous, enormous vacancies in the city. And look, I’m serious about doing what I can as the alder person to move those things forward. Downtown alderwoman Kara Spencer is pushing for the city’s use of eminent domain to wrestle control of the former millennium hotel from absentee owners in Singapore. Alderman already approved something similar for the trial. Oh, so is the absentee owners is not even from the United States of America.

Railway exchange famous bar building, including a $100,000 effort to secure it with metal plates. We’re now finding locked metal doors have been pried open with people getting inside, even on top of the building. But Spencer says the push for new life in these three buildings won’t stop. Having people in them is absolutely imperative. It’s key. Alright, so I just wanted to see that really quickly while I finish the rest of this article.

Vacancies filling a national headline as the Wall Street Journal claims St. Louis is in a downward spiral and should serve as a warning for other cities. I think this needs to be a wake up call for our city, for our region, that this is our brand, this is our name, this is how people think of St. Louis. Older woman Kara Spencer represents parts of downtown. She believes this national spotlight highlights years old problems of of companies closing or moving to the county.

St. Louis city should not be competing with Clayton. We should be working together to compete on the national international scale. Spencer points to changes the city is making, passing bills allowing St. Louis to use eminent domain to redevelop problem properties like the railway exchange. Those large buildings are a huge impediment. In a statement, Mayor Tashara Jones said, I am optimistic about the future of our city and confident in my administration’s ability to continue our focused revitalization of downtown.

She went on, the city of St. Louis is building towards a day in the not too distant future when downtown serves as a cultural beacon for our entire region. But you know what I’m thinking about, honestly, because I’m not even looking at it from the perspective of, oh man, the city got a bad rap. I’m looking at it as cause I’m gonna just tell you, like, it’s our, it’s almost too late here in the city of Detroit, but I’ve made a bundle.

Like, I’ve done really, really well. Staying put in the city and seeing how things has transpired, I’m wondering, is it a buying opportunity over in St. Louis, because whenever you see a city that’s getting a bad rap, for me, that’s a buying opportunity, right? And I’ve always been taught by all of every mentor that I’ve had that has ever, you know, gotten rich or been incredibly successful. They said, anton, the money is not in selling.

The money is not in just trying to make money and make a profit. The money is always in the buying opportunities. He said, anton, rich people buy. Rich people look for opportunities. They take advantage and they buy. And so I’m, I need to find out what’s going on over in St. Louis, honestly. Whereas other people looking at it, oh, man. Is, look, bro, it’s always an opportunity where everybody else is seeing negative.

For me, I see opportunity. And so when I see these news articles and stuff, all that’s telling me is that I need to take a trip over to St. Louis. I am hopeful that a lot of positive things are trending on the up and up for downtown. Alderman Rasheen Aldridge also represents parts of downtown. He says developments like city park getting the battlehawks back, and the planned Gateway south expansion helped drive progress.

Are you concerned about any potential fallout or effect from this article? I think there is a fear. Will it be an impact? I believe so, but I don’t think it’ll be a lasting impact as people do come to St. Louis and they see actually it’s not that bad. Hoping to rewrite St. Louis being called a real estate nightmare, this is a great opportunity for a comeback story in downtown St.

Louis. SuSaN L. Corey first alert for because the major cities is not going to go, they not going away. And so what happens in a lot of instances is that things become cyclical and that you’ll have a good, you know, a growth opportunity and then it goes down. And then once you get the right leadership that actually got the right mindset and partner with the business community, things always turn around for major cities.

So, hmm. Might be a buying opportunity. It may be a big opportunity. I might have to go and visit St. Louis anyways. So that’s what’s going on in St. Louis. I just wanted to have that conversation because it’s always a narrative that’s being painted by the, by the large media. But where I see everything going bad is in the actual larger cities. The Chicago’s, the New York’s, the Oaklands, the La’s, the, I see stuff going bad in Houston.

When everybody moved there, that’s when I started to pay attention. Like, I don’t know about that. .

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