urbanSTL

Oh great. Just what I need is more traffic at my highway exit for work. .



I think they are building on the empty land north of those 3 buildings. First is am.docs 2nd Centene just took over few months ago and 3rd is Edgewell HQ. 2 of those became vacate when RGA built its new HQ a mile west of there

Wells just revamped a lot of their office space and received state money. They aren't going anywhere anytime soon.

Has to be about the execs living in West County because don't see what is so great or appeal about the linear suburban office park known as I64 in Chesterfield. I really thought Bunge was going to be announced as an anchor tenant for the next Clayton CBD development and or next LHM/Westport expansion which to me is still a much better option overall for the region and especially St. Louis county.. I'm still at a loss of the county trying hard to give big financial breaks when the location and development pattern supports the work force living in St Charles county.

Heck, had wishful thoughts that the proposed 13 story tower along Vande in the CORTEX east renderings might be Bunge if they were not going to have digs downtown. But probably the big disappointment is CORTEX not being able to snag their innovative center/test kitchen they brought down from Chicago area. That would have been a good fit and right along the desired I64 corridor. But I really believe CORTEX/Wexford/City needs to find a way to break ground on some more space.

All of this would be in the city limits if we had the same size borders as KC.

I would guess that majority of their HQ staff are living within a 10 min drive of the new HQ location. Those folks don't care about transit or walkability or the health of the city. In their minds all is well and they'll see downtown when they go see a sporting event or a parade.

They have an entire building empty.

^ I would never put it past bankers and capitalist to want something bigger, shinier and more appealing. Wells Fargo could have easily stayed put in Twin City but you see what they decided to do there.

A building. The oldest one.

And they've sold off three nearby buildings in recent years.

This is one I would like to see go residential conversion. It doesn't make sense for all, but I think this would make for some great apartments, and residents might be more flexible on parking than a large employer (i.e. The OPOP Tower).

Is there room in the stadium garages during the day to handle the amount needed if the building is 90-95% leased? We can ignore the parking and laugh it off but the building is 70% because of parking.
Mentality in our region is parking needs to be close. This is why banks make even cortex go beyond city parking requirements before giving loans for building construction. These bankers aren't stupid, they know st.louisians. Transit here is seen as a the mode for those who can't afford a car and that's thanks to the last campaign for sales tax that CMT ran...I believe it went something like "sure you don't take transit but the guy making you coffee does"

^Makes one wonder what a new construction office tower with incorporated parking could do lease wise. If an overbearing issue really is parking, it would stand to reason that new construction could do well as it would provide supply for an apparent demand.

The Business Journal had an article on the 10 St. Louis office buildings with the most empty space. They were all downtown.

http://www.bizjournals.com/stlouis/blog ... ty.html#g1

In the article, the interviewee stated he expects "a large tenant to move into the downtown market this year". Wonder if he was talking in generalities or if there is something in the works...

Ah, yes. The slideshow is just for downtown. The article talked about how downtown has the largest vacancy rate outside of north county so I originally read it as office buildings with most vacancy in the region. Going back to the comment, I wonder if something is in the works for the CBD or Cortex, which I suppose is technically in that sub-market.

I have clarification on my earlier post of 400 people moving from the Nestle Purina HQ to 100 N Broadway. It's actually 390 Nestle employees, not Nestle Purina employees. They will be taking three floors in the building.