Reasonable Guess: 2000 Market Street, the site of Maggie O'Brien's, is also the home to the Bricklayers Union, Local #1. For many unions' health & welfare pension funds, diversified portfolios are maintained, including stocks, bonds, commoditites, alternatives, and real estate. It would be prudent for such an organization to own the building in which they work, but I can't confirm this specifically from my databases on local institutions.Doug wrote:McKee wants to take Maggie O'Brien's?
So much for his commitment to existing businesses. And look at what he wants to take on the North Side! Fehlig Brothers? Churches and Church Parking lots? Who put this list together? A random search in a database?
I bet Bricklayers Local #1 is interested in proactively working with McKee, as will be multiple other unions around StL. For such a large, long-term, and fully extensive reconstruction, expect much union support. Many unions have proactively invested in local construction projects, partially for investment and partially to source jobs for their members, such as the Carpenters District Council working proactively for the reconstruction of the Brown Building into lofts.
Perhaps the inclusion of the Maggie O'Brien's building is part of negotiations between the Bricklayers and McKee's interests; perhaps not. Whether so or not, however, I do see this entire project being a harbinger for jobs sourced to local organized labor. For a project that will involve tens of thousands of union workers being employed, we can expect to see the Unions coming out in strong favor of its fruition.








