^ If I'm reading this right, Colliers is now marketing this with specific office and restaurant space in mind. Previously, I believe it was the City that issued an rfp with the proposal coming back for the retail and restaurant and new construction mixed-use garage,,, that appears to be dead, Edit: it looks not dead!
Did you check out the link to the brochure? There's a mixed use building planned for the south lot.roger wyoming II wrote:^ If I'm reading this right, Colliers is now marketing this with specific office and restaurant space in mind. Previously, I believe it was the City that issued an rfp with the proposal coming back for the retail and restaurant and new construction mixed-use garage,,, that appears to be dead,
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^ yeah, I need to read before I speed! I only looked at the webpage.... so this looks like the Vertical Realty plan may be moving forward! (I recalled that as having more of a focus on retail than office but I'm forgetful in my old age.)
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My take is more on the down side - the developers couldn't sell the plans on their own so they enlisted a professional commercial real estate agent. That is why the brochure
As far as mixed use on surface lot - great idea and location for some much needed downtown infill. However, I'm assuming that the developers burnt some bridges that negatively impacted this project when they claimed they could develop the Cupples warehouse that was recently demo'd. It was ugly all around, but I believe the developers didn't help themselves by being public about their comments only to find out later that the city needed to back any dollars they put into it.
As far as mixed use on surface lot - great idea and location for some much needed downtown infill. However, I'm assuming that the developers burnt some bridges that negatively impacted this project when they claimed they could develop the Cupples warehouse that was recently demo'd. It was ugly all around, but I believe the developers didn't help themselves by being public about their comments only to find out later that the city needed to back any dollars they put into it.
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^ I thought it was completely dead so at least we have some potential here.... there sure is a lot of competition so it will be difficult but this could be a nice fit for a company looking for something a bit more boutique. I wonder if it would make more sense for a single tenant taking up pretty much all the commercial office or a number of firms.
Couldn't sell the plans to whom? Also, most, if not all downtown office buildings have a major leasing agent like CBRE or Cassidy Turley.dredger wrote:My take is more on the down side - the developers couldn't sell the plans on their own so they enlisted a professional commercial real estate agent. That is why the brochure
^ That is my point, I believe their proposed renderings and the development RFP came out well over a year ago and now they finally have a brochure with a commercial agent. So why not sign with a broker from the get go? Especially when you got a everyone downtown trying to market existing available office space. So I can only speculate and assume that maybe they started calling possible business connections and tenant leads directly. Nothing says they can't and removing the middle man certainly eliminates a cost, so why not. My take based on the timeline and the assumption that they tried to lease space without out a broker is the developers have not been able to secure a sizeable lease to get it off the ground.
As far as whom specifically? I don't know, that is why I enjoy being an arm chair developer on Urbanstl and keeping my day job in dredging.
I do wonder if a proposed residential/mixed use infill on the surface lot would have a better chance of securing leases than the office space considering that residential market is the strongest part of downtown. I have no experience if that would even make sense or not let alone how you would secure financing to construct a new building to help lease an existing building. But the location of the surface lot fronting Clark Street to me seems just as good of location as DeWitt/Cordish has with BPV.
As far as whom specifically? I don't know, that is why I enjoy being an arm chair developer on Urbanstl and keeping my day job in dredging.
I do wonder if a proposed residential/mixed use infill on the surface lot would have a better chance of securing leases than the office space considering that residential market is the strongest part of downtown. I have no experience if that would even make sense or not let alone how you would secure financing to construct a new building to help lease an existing building. But the location of the surface lot fronting Clark Street to me seems just as good of location as DeWitt/Cordish has with BPV.
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Downtown is losing another headquarters as KAI Design & Build is moving out of the Metropolitan Square Building to enjoy the comforts of Westport.
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^ To be honest KAI's move seems somewhat logical as it appears it is expanding its Build portion of the company.... they'll own there own space and build a warehouse on the property.
Seems like something that preferably would have gone into a Green Street development in the city. I also heard a Mr. McKee has some land.
Seems like something that preferably would have gone into a Green Street development in the city. I also heard a Mr. McKee has some land.
Musical chairs as HOK does indeed leave Met Square for two floors at the Equitable Building, 10 S. Broadway.... I was kind of hoping that they'd move in as a tenant to a new infill tower -- even a modest one -- that they'd design. Oh well.
http://www.stltoday.com/business/column ... 1bb80.html
I look forward to seeing their designs for reactivating the plaza.... hopefully it will lend itself to added street life.
http://www.stltoday.com/business/column ... 1bb80.html
I look forward to seeing their designs for reactivating the plaza.... hopefully it will lend itself to added street life.
^I had to google/street view to see what they were referring too. Wow, yeah I forgot that was there!!
Should be a prime little piece considering location and Arch renovations.
Should be a prime little piece considering location and Arch renovations.
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http://www.citylab.com/politics/2014/07 ... qus_thread
Can this work in st Louis with all kinds of vacant buildings and lots around the city not just office buildings.
Can this work in st Louis with all kinds of vacant buildings and lots around the city not just office buildings.
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600 Pandora Jewelry workers liberated from suburbs to this Baltimore office tower:
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The Danish jewelry maker has signed an 88,000-square-foot lease with building naming rights at 250 W. Pratt St., meaning the company's logo will soon be visible on two sides of the building, including from seats in Camden Yards. Pandora is having the sign designed to glow orange during baseball season and purple during football season in tribute to the Orioles and the Ravens and to the company's nine-year presence in the Baltimore area....
Pandora Americas President Scott Burger said in an interview that the company's employee demographics skew younger, making the urban setting an attractive choice for the 600 workers that will come in the move....
"The type of office we're in now is very much a closed environment, and when you look at 250 W. Pratt, it's all glass," said Kevin Conklin, Pandora Americas' vice president of operations. "If you look at the teams moving over there, it's very much about being creative. So moving into a space downtown with a lot of energy and with a lot going on, it's something they were craving."
Employees also asked to locate in a place with an eclectic, historic feel, Conklin said, with easy access to highways. The 250 W. Pratt St. location met both of those needs.
What the F is wrong with Saint Louis?
The Danish jewelry maker has signed an 88,000-square-foot lease with building naming rights at 250 W. Pratt St., meaning the company's logo will soon be visible on two sides of the building, including from seats in Camden Yards. Pandora is having the sign designed to glow orange during baseball season and purple during football season in tribute to the Orioles and the Ravens and to the company's nine-year presence in the Baltimore area....
Pandora Americas President Scott Burger said in an interview that the company's employee demographics skew younger, making the urban setting an attractive choice for the 600 workers that will come in the move....
"The type of office we're in now is very much a closed environment, and when you look at 250 W. Pratt, it's all glass," said Kevin Conklin, Pandora Americas' vice president of operations. "If you look at the teams moving over there, it's very much about being creative. So moving into a space downtown with a lot of energy and with a lot going on, it's something they were craving."
Employees also asked to locate in a place with an eclectic, historic feel, Conklin said, with easy access to highways. The 250 W. Pratt St. location met both of those needs.
What the F is wrong with Saint Louis?
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so much is wrong...no risk takers, complacency, loser-attitude....shall I go on?
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^ please do! Here is a funny one about an attempt to Saint Louis-ize Pittsburgh by moving 600 jobs further out to the burbs:
http://www.bizjournals.com/pittsburgh/b ... ripts.html
St. Louis-based Express Scripts, a Fortune 100 company that provides the pharmacy benefits to 90 million people each year, is building a new 70,000-square-foot facility in North Huntingdon.
The new building, which is being built by development partner Clayco, will replace the company’s current 56,000-square-foot facility in nearby North Versailles. The move will take Express Scripts over the border from Allegheny County into Westmoreland.
So Saint Louis style! It looks like this would be akin to moving from Chesterfield Valley across the Daniel Boone to the bounty of St. Chuck's.
http://www.bizjournals.com/pittsburgh/b ... ripts.html
St. Louis-based Express Scripts, a Fortune 100 company that provides the pharmacy benefits to 90 million people each year, is building a new 70,000-square-foot facility in North Huntingdon.
The new building, which is being built by development partner Clayco, will replace the company’s current 56,000-square-foot facility in nearby North Versailles. The move will take Express Scripts over the border from Allegheny County into Westmoreland.
So Saint Louis style! It looks like this would be akin to moving from Chesterfield Valley across the Daniel Boone to the bounty of St. Chuck's.
1200 Market , Room 200sirshankalot wrote:so much is wrong...no risk takers, complacency, loser-attitude....shall I go on?
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dweebe wrote:1200 Market , Room 200sirshankalot wrote:so much is wrong...no risk takers, complacency, loser-attitude....shall I go on?
um...i'm talking about the private sector here in STL metro..but thatnks for that address
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^ right..... I think City Hall could do a better job at selling downtown as the place to do business but corporate leaders actually need to desire being there. Perhaps a "West County Country Club Conservatism" that is stuck in the past is the best way to describe a culture that has way too much presence in Saint Louis.
St. Louis's current mayor is frozen, in my opinion.
He has evolved into a stiff despite the few ribbon-cutting and ground-breaking ceremonies he's attended downtown.
In his earlier terms, Slay's economic and development team was a lot more enthusiastic and aggressive about downtown.
Since the recession and the loss of May Company and other challenges, it seems his team's aggressiveness towards development in the city - particularly downtown - has fizzled, in my opinion. They are allowing others to guide development, it seems.
I could be very wrong because I'm certainly not privied to everything going on at City Hall, but it seems lately Slay waits for others (businesses, individual investors, organizations etc.) to bless and grace downtown instead of being a go-getter or spark to land businesses and infill development. It's as if he waits for them to find downtown worthy instead of being aggressive in promoting downtown.
Sure the team has worked hard to MAINTAIN businesses like LaClede, HOK, Peabody, but what about LURING NEW businesses and developers with incentives that any business or corporate entity would find hard to pass up.
Building CORTEX is great, but to me, city leaders seem too complacent when it comes to downtown.
He has evolved into a stiff despite the few ribbon-cutting and ground-breaking ceremonies he's attended downtown.
In his earlier terms, Slay's economic and development team was a lot more enthusiastic and aggressive about downtown.
Since the recession and the loss of May Company and other challenges, it seems his team's aggressiveness towards development in the city - particularly downtown - has fizzled, in my opinion. They are allowing others to guide development, it seems.
I could be very wrong because I'm certainly not privied to everything going on at City Hall, but it seems lately Slay waits for others (businesses, individual investors, organizations etc.) to bless and grace downtown instead of being a go-getter or spark to land businesses and infill development. It's as if he waits for them to find downtown worthy instead of being aggressive in promoting downtown.
Sure the team has worked hard to MAINTAIN businesses like LaClede, HOK, Peabody, but what about LURING NEW businesses and developers with incentives that any business or corporate entity would find hard to pass up.
Building CORTEX is great, but to me, city leaders seem too complacent when it comes to downtown.
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^ My biggest worry is that Slay is comfortable with downtown as a growing residential and entertainment district while office jobs lags. He can still boast that there's been a billion+ in downtown investments in recent years even while office employment is bleak. Hopefully there is more behind the scenes going on with things like One ATT, etc. -- a great opportunity for a new HQ -- but I'm not really confident.
Here is an interesting mid-rise tower going up in downtown Cincy for Dunnhumby's new US HQ... it is filling in a rectangular surface lot and at 9 stories something like might work for one of our lots and fit the massing of some of the warehouses.
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Anyway, the building will open next year with ground floor retail and house around 650 workers with room to grow to 1,000. The move is akin to say Nestle/Purina relocating from across Chouteau and into the heart of the CBD, which is an identifiable trend in the Queen City. If not N/P or W-F, Sigma/Aldrich making a similar move here would be great.
Anyway, the building will open next year with ground floor retail and house around 650 workers with room to grow to 1,000. The move is akin to say Nestle/Purina relocating from across Chouteau and into the heart of the CBD, which is an identifiable trend in the Queen City. If not N/P or W-F, Sigma/Aldrich making a similar move here would be great.
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Stewart Title (previously LandSafe a Bank of America sub, before Stewart bought it out earlier this year) is moving it's 200 or so employees from 1831 chestnut (across the street from union station) by end of the year. Good news is they are in a process of picking one of 3 downtown locations. Half of their workers are from Illinois and the other half on the Missouri side so they wanted to be in the middle.
Interesting news. Do you know which three buildings? My guess: 600 Washington, 720 Olive (current Laclede Gas co office location), or 1015 Locust.dbInSouthCity wrote:Stewart Title (previously LandSafe a Bank of America sub, before Stewart bought it out earlier this year) is moving it's 200 or so employees from 1831 chestnut (across the street from union station) by end of the year. Good news is they are in a process of picking one of 3 downtown locations. Half of their workers are from Illinois and the other half on the Missouri side so they wanted to be in the middle.