MattnSTL wrote:^He was only stating that there is kind of an unwritten rule, and it will take an adventurous developer to go higher. But once someone does, everyone will want to.
This is exactly what I was saying. Philly had an unwritten rule that was broken by a building some 400 + feet taller than the "unwritten rule". A 700'+ tower would not be as dramatic- since our "unwritten rule" is at 630' but I think as long as this is 750' or taller - it will prove a big point.
I think unless you make an new high-rise district south of 40, it will look out of place. Even a couple of 30 story towers (which by themselves would make this forum as excited as heck) would look out of place next to a 70 story building. You would really need several buildings along the lines of what Downtown already has to make the tower look at home.
Because of this I think downtown in the CDB is the only real option. Building the infrastructure to the other side of the highway would be a mammoth undertaking. Downtown has the infrastructure, and the Metrolink system already there, plus a lot of the workers moving from Chicago or New York to their companies new World Headquarters would definitely consider living downtown, with in walking distance of their tower.
A "medium" project like Met Square or Eagleton may hurt or helped the CDB office market (that?s for another). But look at another project and its affect on its struggling office market: Petronius towers Kuala Lumpur Malaysia. I am sure your all familiar with the project/towers. Before the building boom in the mid 90s, the tallest building was sub 500' Now they 17 towers tall than that - with the catalyst being the announcement in the early 90s of the plans to build the two worlds tallest buildings. The basically non-existent office market of Kuala Lumpur was sparked by the announcement of a huge project.
Obviously this 700'+ tower wont be that huge, but a big "pie in the sky" project that happens CAN / MAY have an awesome effect on the office market in a region. Look at the growth of midtown NYC after the Empire State and Chrysler building. Downtown NYC after World Trade Center. Downtown/Loop Chicago after Hancock and Sears. This is a gross simplification of market demand, economics etc etc etc? and its not always for sure (downtown STL after numerous projects meant to spark redevelopment - Arch and Busch or in mid 80s after ATT <ONE> and Met Square.) But it is something to think about. "If you build it - they will come" You have to get on the Radar to get huge companies..... just an idea. This super project along with BV and BD as well as any / all plans might put STL back on the radar. No one ever said "hey that city is building another 20 story building - they are going big time"
It would really help downtown if Clayton?s buildings would be supplanted to the downtown CDB, imagine having another 40+ tall buildings including 4 more above 300 feet. [/rant]