urbanSTL

^ Are they just not going to release a rendering or site plan? What's the secret?

Confirmed by our aldermen at our neighborhood meeting that Centene purchased the large property behind the Ritz. (Old Triannon Property)

They are considering a new Performing Arts Center and hotel.

And to think all of this could have been at Ballpark Village if the Cards and Cordish hadn't F'd it up and driven Centene away!

With that purchase, they own everything on the south side of Forsyth from Hanley to FPPkwy other than the Wellbridge building. What an amazing collection of property. Wow

kbshapiro wrote:With that purchase, they own everything on the south side of Forsyth from Hanley to FPPkwy other than the Wellbridge building. What an amazing collection of property. Wow

Any idea what that property might be worth? I'm being told it could be pushing $40million

^ With that much land amassed and transit access, Clayton/Centene has the opportunity to bring that stretch of Forsyth into the 21st century. I am thinking something like a scaled down/spread out version of Shanghai's Kerry Centre:

http://www.kerryprops.com/en/property-d ... rry-centre
http://www.kpf.com/projects/jing-an-kerry-centre

^Way back when Centene was going to be part of Ballpark Village, they said that they wanted to be part of a vibrant, urban, multi-use neighborhood. They mentioned some other developments in other cities that they admired.

Looks like since Cordish refused to play ball with them, Centene has simply decided to go elsewhere and build it themselves. Downtown's loss is Clayton's gain.

^ My initial thoughts is will this be a game changer that will bring any near term development at Cortex/Wexford/Downtown to a halt as Centene put its weight behind itor has Centene created the same situation that DeWitt/Cordish created with BPV? Essentially, will Centene's demands, desires on what should be built or their cut of the profits will be such that outside of their own second tower development will come slowly on premium land near Forsyth station.

The other thought, mayor Slay should be calling anyone who is remotely interested in building new class A space downtown and offer to back the bonds. Especially Koman if they are going after Cupples lot and the party(ies) talking about developing the lot to the east of Busch Stadium (maybe by chance those developments will shame BPV). I See Centene creating big chunk of spec/available class A space coming.

The one part that is a bit frustrating is if Centene is really going to push for Performance arts center? Just what the region needs. I'd rather see them put their name on the Peabody downtown with its easy access between downtown and Clayton CBD or embrace Grand Center more.

Yes. See for yourself

http://maps.stlouisco.com/propertyview/ ... =18J111656


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pattimagee wrote:So is it the entire strip on Forsyth?

I think your box at Hanley and Forsyth is too small. Should stretch all the way south to carondelet?

What are the chances Centene builds a second huge parking garage along the south side of Forsyth?

wabash wrote:What are the chances Centene builds a second huge parking garage along the south side of Forsyth?

Problem is well bridge is in the way. A huge garage will be built out as the current parking structure is maxed out.

NPR just reported that Centene will be adding 1500 - 2000 jobs in Clayton over three years.

Here's the print version of the story, which mostly talks about Centene's new claims center in Ferguson:

http://news.stlpublicradio.org/post/cen ... y-ferguson

That story isn't really clear if they mean new 2000 jobs or total of 2000 in Clayton
Maybe the audio was clearer

dredger wrote:^ My initial thoughts is will this be a game changer that will bring any near term development at Cortex/Wexford/Downtown to a halt as Centene put its weight behind it or has Centene created the same situation that DeWitt/Cordish created with BPV? Essentially, will Centene's demands, desires on what should be built or their cut of the profits will be such that outside of their own second tower development will come slowly on premium land near Forsyth station.

The other thought, mayor Slay should be calling anyone who is remotely interested in building new class A space downtown and offer to back the bonds. Especially Koman if they are going after Cupples lot and the party(ies) talking about developing the lot to the east of Busch Stadium (maybe by chance those developments will shame BPV). I See Centene creating big chunk of spec/available class A space coming.

I highly doubt the City would ever back bonds again for an office building. But I agree, new office buildings in Clayton would/could hurt downtown as several downtown companies are looking (or will be looking) for new space.

If this goes through as office it will certainly shift the center of the region westward and redefine my idea of what the center of STL is. Anyone have a current count of downtown STL vs. Clayton CBD employment figures?

^ Going with those assumptions, Clayton CBD has about 58% of the employment of Downtown CBD. Will be at least 63% by the end of the decade.

Action at the site today. They were burying large pips shortly after this.





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