Cupples X Office Building

debaliviere · PostMay 03, 2016#12016-05-03T17:21+00:00

I no longer have a Business Journal subscription. Anyone have access?

http://www.bizjournals.com/stlouis/news ... adium.html

moorlander · PostMay 03, 2016#22016-05-03T17:36+00:00

It says the project would create 354 full time jobs.

dweebe · PostMay 03, 2016#32016-05-03T17:59+00:00

How tall?

PostMay 03, 2016#42016-05-03T18:00+00:00

Meanwhile, at Ballpark Village...(crickets)

downtown2007 · PostMay 03, 2016#52016-05-03T18:03+00:00

Is it surrounded by parking?

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pat · PostMay 03, 2016#62016-05-03T18:18+00:00

Assessor's office says its owned by McCormack Baron Salazar

Forever_Lou · PostMay 03, 2016#72016-05-03T18:20+00:00

The story didn't offer many specific details. They don't even know the developer's identity, but they speculate it might be Koman Group. According to the plans filed with the Board of Alderman the project is hoping to receive up to 25 years of tax abatement and create 354 new full-time jobs. The plans don't reveal the size of the new structure.

arch city · PostMay 03, 2016#82016-05-03T18:41+00:00

The blurb available says, "mixed-use building" meaning this is likely a combination of office - perhaps with a hotel (or apartments) with some type of retail component - or maybe all of the above. If pat is right about the property being owned by McCormick Baron and Salazar, their concentration is largely residential. However, this could be a joint venture too.

Exciting.........nonetheless. New construction could touch off a new wave of downtown development.

dweebe wrote:Meanwhile, at Ballpark Village...(crickets)

Yep. It's really sad the Cardinals/Cordish (DeWitt, III in particular) are dragging their feet on BPV. Solid plans for Phase II should have been nailed down before Phase I was completed.

I won't cross my fingers, but this proposal and rumors of other developments around BPV could cause DeWitt, III to get off of his ass and get to moving.

Presbyterian · PostMay 03, 2016#92016-05-03T18:52+00:00

I'm told it's office. No residential component to my knowledge. Koman is the developer.

andrewarkills · PostMay 03, 2016#102016-05-03T19:02+00:00

25 years of tax abatements? 5-10 being standard, that seems like a lot.

dbInSouthCity · PostMay 03, 2016#112016-05-03T19:29+00:00

STLtoday story says 10 year TaxAb

andrewarkills · PostMay 03, 2016#122016-05-03T19:45+00:00

That sounds better.

dredger · PostMay 03, 2016#132016-05-03T20:06+00:00

I can't help speculate that Koman has lined up an anchor tenant. My thought is KPMG. First, I believe their lease is up in 2017 if not mistaken and would be looking for space. Maybe a corporate client who is willing to pay for new class A downtown on a spot that suits corporate entertainment very well without having to deal with Cordish/DeWitt. Second, they have been quietly expanding presence downtown and the jobs is inline with PD article. From last year.

http://www.stltoday.com/business/local/ ... 491d6.html

dweebe · PostMay 03, 2016#142016-05-03T21:23+00:00

I assume this is the area used for overflow from the Westin and where the Hertz in the hotel keeps/cleans their rental cars?

framer · PostMay 04, 2016#152016-05-04T01:43+00:00

So, 350 office workers would take up what, about 50,000 - 60,000 sq. ft.?

kbshapiro · PostMay 04, 2016#162016-05-04T12:29+00:00

I'm hearing it will be retail first floor with office above. 80,000 sf or so. No anchor tenants. More of a co-working space for numerous large companies for collaboration. I guess kind of like 4240 in CORTEX

debaliviere · PostMay 04, 2016#172016-05-04T13:43+00:00

Just as a point of comparison, Cupples 9 is 147,000 sf.

wabash · PostMay 04, 2016#182016-05-04T17:34+00:00

KB, you're a lot closer to the pulse than I am, but the application with the Board of Alserman sites 354 jobs (which seems pretty specific) and states, "The project will prioritize an infill development to utilize three adjacent lots for the relocation of a business to the city."

I suppose that "business" could be an incubator type of concept. But the language makes it sounds more like an anchor tenant moving in from outside the City.

dbInSouthCity · PostMay 04, 2016#192016-05-04T18:04+00:00

100,000 SQ FT total and 4 stories.

some sort of plaza between it and Westin.

roger wyoming II · PostMay 04, 2016#202016-05-04T18:40+00:00

http://www.stltoday.com/business/local/ ... 7329c.html

"No tenants have been obtained but Braidwood said Koman is looking for companies such as those that have opened offices at the Cortex tech district in the Central West End."

beer city · PostMay 04, 2016#212016-05-04T18:42+00:00

dbInSouthCity wrote:100,000 SQ FT total and 4 stories.
some sort of plaza between it and Westin.

Post says 100,000 sf - gives no number on stories -

http://www.stltoday.com/business/local/ ... 7329c.html

dbInSouthCity · PostMay 04, 2016#222016-05-04T18:51+00:00

Looks like they've edited out that part in the last hour

deformative · PostMay 19, 2016#232016-05-19T03:03+00:00

120,000 sq ft total
87,000 sq ft office
3,000 sq ft retail
94 parking spaces

348 new full time jobs (90k)
6 new retail jobs (20k)

(can we embed tweets here?)

I don't have a great sense for how large this building would be, but doesn't sound like it'll make any impact on the skyline. It's a shame, as others have said, this would be a great spot to finally get new market rate apartments/condos.

dredger · PostMay 19, 2016#242016-05-19T05:27+00:00

Deformative, I don't think you could wrong whether you built spec office here, hotel tower here or whatever as their is so many great spots for new market rate apts/condos downtown whether it BPV, Lacledes Landing or fill in the empty spots along Wash Avenue

downtown2007 · PostMay 19, 2016#252016-05-19T20:28+00:00

Terrible design considering the form and surface parking.

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