urbanSTL

^ Interesting. Source/context?

AGC had their may membership meeting tonight


May Membership Meeting
May 12, 2016

Future Construction Projects & Market Comparisons

Wexford Science & Technology, a BioMed Realty company, is a real estate investment and development company that meets the growing and specialized facilities needs of for-profit and not-for-profit institutions, including universities, university-related research parks and healthcare systems.


Wexford Science & Technology works across the country. In the St. Louis area they are known for Bio-Research & Development Growth Park at the Danforth Plant Science Center and Cortex Innovation Community. Jerry Crylen, Senior Director, will discuss:


• Future construction projects
• Market comparisons
• Outlook for future developments


Speaker:
Jerry Crylen, Senior Director, Wexford Science & Technology

Itinerary:
5:30 p.m. Beer & Wine - Networking
6:30 p.m Plated Dinner
7:00-7:30 p.m. Program

Cost:
$60 AGC Members
$75 Non Members

Registration Deadline:
May 9, 2016

Self-parking in lot and complimentary valet parking in garage.


When:5/12/2016 5:30 PM - 5/12/2016 7:30 PM
Where:
The Cheshire - The Upstairs
7036 Clayton Avenue
Saint Louis, MO

^ Pres, think you should give up some more details.

dbInSouthCity wrote:I'll take west county off 64/40 between 270 and the valley vs the field

Someone agrees with you

Wexford says "We will break ground this year" on a $165 million hotel, apartment, and retail project on Duncan:

http://stlouiscnr.com/departments/news/ ... dium=email

^ Impressive. And the new site plan for Duncan is much better than the previous iterations they have floated.

^ My criticism or Debbie downer comment is that I would like to see Wexford succeed on breaking ground first on more office, lab and commercial non-retail space to continue attracting companies to the area & the well paying jobs that come with those companies. Specifically the $45 million dollar 5 story lab building noted in the same article. Heck, I still think Pfizer would work well in CORTEX if planned right but that sounds unlikely. But it will undoubtly be big boost forward if Wexford succeeds at $350 million 5 year plan also noted in the same article.
.
My gut and certainly speculative feeling is Wexford's proposed mixed use/hotel might soak up some of the remaining demand for any more larger mixed use projects/infill for CWE or Mid-town until another slug of companies and jobs move into CORTEX. Also, will it impact Koplar/Koman/Clayco ability or even Green Streets Grove/Chotteau project going forward? In addition, Grand Center seems to fallen back on parks and green space with some infill projects hinted at stalled.

dredger, which infill projects are potentially stalled?

I believe their was a Grand Center parking structure related with Fox Theater in the works as well as a mixed use infill as part of it that has been quiet for a while. In addition, I used the word stalled loosely as probably lumped Lawrence Group's infill/phase II development as part of the Missouri Theater building into my thoughts. Just in the back of my mind it seem like their was a burst or talk of parking structure replace surface lot spaces for some mixed used infill that really hasn't materialized yet.

Either way, ground broken on $140 million of development in CORTEX this year is good news. Somewhat surprised that Wexford is leading the hotel and some residential as up to this point I was assuming that CORTEX was going to team up with local hotel/hospitality company such as LHM or Drury and residential developer(s). At same time, Looking like Wexford will be one more out of town developer who can make things happen in St Louis.

dredger wrote: St. Louis Construction News and Review reported that Crylen said at a meeting last week of the Associated General Contractors that Wexford plans to break ground this year on the $165 million project of a hotel, a 250-unit apartment building, 40,000-square-feet of retail and a parking garage on Duncan.

Is this the big news that Roddy mentioned awhile back?

roger wyoming II wrote:^ I believe it was for the Lawrence Group announcement on East of Cortex.

RW, thought he tweeted look for something big late April during the Lawrence Group/East of Cortex announcements. Could be mistaken on my recollection

Per today's BJ

Microsoft rumored to be taking 25k sq ft.





“We are seeing substantial additional interest in tenants wanting to come into Cortex,” Dubinsky said. “That’s why we’re trying to move so fast on phase three.”

If Microsoft moves in, it would be another feather in the cap for Cortex officials, who in the last few years have recruited major names such as Ikea, Square, the Cambridge Innovation Center and TechShop to the 200-acre business district in Midtown.

Possibly a relocation of this office?

https://www.microsoft.com/en-us/mtc/loc ... louis.aspx

Having Microsoft at CORTEX, even a small presence, is huge for the City.