The Luminary Is Finally Coming to Cherokee Street (Though Not Where Originally Planned)
|By spring 2013, this will be the Luminary's new home.|
Their rise in the local arts scene over the last few years has been meteoric; their grassroots fundraising last year promised a move to larger quarters on Cherokee Street; but last spring, somebody (still unknown to Daily RFT) almost derailed the plan by mailing packets to backers, accusing founders Brea and James McAnally of secret designs to convert all their artist-hipster friends to Christianity. (The resulting whispering campaign prompted our June feature, "Oh My Landlord").
Now it's clear that all this controversy was just a hiccup: About a week and a half ago, James McAnally tells us, he and his wife inked a lease-purchase deal to occupy 2701-7 Cherokee Street, a 13,000 square-foot trio of buildings directly across the street from where they'd originally planned to go (a.k.a., the Pig Slop studios). It should be open by spring 2013.
McAnally says the space used to be a Walgreens back in the 90s, but is now occupied by its current owner, LED Craft, a manufacturer of LED displays that was seeking to move anyway.
You can get more business/financial details from The Beacon, who beat everybody to the punch Wednesday morning:
The Luminary has raised $75,000 from 500 businesses and people (and through a Kickstarter campaign), to fund early renovations and operating expenses during that process. The incubator has another $30,000 from grants and donors in restricted funds.But on the aesthetic side, McAnally tells Daily RFT he's stoked about one quirk of the space that's "rarely seen in St. Louis architecture":
The Luminary has several partners in this venture. Jason Deem, president of the Cherokee Street Business Association and Will Liebermann, association board member and Cherokee Street investor, purchased the building on the McAnally's behalf, using the couple's cash deposit. They will rent the building at cost, with plans to buy it within two years.