Thanks for posting. Just guessing I would assume the will be bought out at some point. I will take the win while we can though.
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^ Can't say Bunge is a takeover target in the relative near term. The corporate Ag industry is getting the crap kicked out of it this year with the Trade Wars and Tariffs eating into their bottom lines while farmers are hurting. Nicklaus is right pointing out Bunge's competitive advantage in focusing on South America over China allows them to sidestep some of the landmines other companies keep hitting. I think big US Ag companies like ADM and Conagra are hurting too much right now to be able to put up much effort for strategic acquisitions the size of Bunge. Glencore does have the levered free cash flow to attempt a takeover, but I don't see that happening any time soon (especially as their price/book is so damn high). We're due for a major market correction in the near term, and while a lot of big companies have done considerable M&A this year ahead of it materializing, I don't think anyone would make a play for BG while it's in the middle of a corporate relocation. Give it a couple years, see who's left standing after this upcoming market "correction", and we'll see what's truly possible. Who knows, Bunge may be one of the most stable Ag companies left standing once everything's been said and done.
USDA is looking to move 1,500 or so employees out of the old Goodfellow munitions plant. They were downtown prior to their move out there. Would be nice to have them back there.
NGA campus could be a good fit too.
https://www.bizjournals.com/stlouis/new ... e=facebook
NGA campus could be a good fit too.
https://www.bizjournals.com/stlouis/new ... e=facebook
Will this be up to the same federal agency based in Kansas City that ordered the clearing-out of earlier Downtown Fed employees?
USDA going onto a intelligence campus doesn't seem like a good fit IMO However, move FBI to NGA campus and USDA to west downtown seems like it would be a good move to me.sc4mayor wrote: USDA is looking to move 1,500 or so employees out of the old Goodfellow munitions plant. They were downtown prior to their move out there. Would be nice to have them back there.
NGA campus could be a good fit too.
https://www.bizjournals.com/stlouis/new ... e=facebook
^ I see nothing wrong with numerous government departments sharing a large campus. Much of that land is going to be empty anyway. It’s not like they’d have to share a building.
^^ I don’t know who’s in charge of the move, but I’d guess the City will go to bat for these, could be a nice tenant for AT&T too. Even if they leave the city, I doubt very much they’ll leave the region.
^^ I don’t know who’s in charge of the move, but I’d guess the City will go to bat for these, could be a nice tenant for AT&T too. Even if they leave the city, I doubt very much they’ll leave the region.
There is zero chance the USDA would move onto the NGA West site, but...there is a very large open parcel directly to the south of it begging for development.
What goes on in that USDA office anyway, is there a research and testing facility or is it all office jobs?
What goes on in that USDA office anyway, is there a research and testing facility or is it all office jobs?
STLBJ - Build-A-Bear targets the big screen
Maybe they have plans for the vacant movie theater south of their new HQ...?To get you into its stores, Build-A-Bear is going to the movies.
The St. Louis-based cuddly toy manufacturer (NYSE: BBW) will partner with Sony Pictures Worldwide Acquisitions to develop a "new branded production entity," it announced Thursday in its second quarter earnings report.
The unit, called Build-A-Bear Entertainment, will produce movies based on some of the brand's existing properties. In the earnings call, Build-A-Bear CEO Sharon Price John said the unit's first movie will be about the The Honey Girls, three animated "girl empowerment" creatures who already release songs and music videos on Build-A-Bear's YouTube channel.
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Isn’t there a hospital going just south of NGA?urbanitas wrote:There is zero chance the USDA would move onto the NGA West site, but...there is a very large open parcel directly to the south of it begging for development.
What goes on in that USDA office anyway, is there a research and testing facility or is it all office jobs?
Sure, if you believe McKee's hopes and prayers. The forest is currently regrowing.moorlander wrote:
Isn’t there a hospital going just south of NGA?
Don't see anything wrong either but just don't see NGIA too excited to bring on GSA and government services on what is being built as a very secure intelligence campus. Kinda like GSA asking the DOD to put some social security folks at the Pentagon.sc4mayor wrote: ^ I see nothing wrong with numerous government departments sharing a large campus. Much of that land is going to be empty anyway. It’s not like they’d have to share a building.
^^ I don’t know who’s in charge of the move, but I’d guess the City will go to bat for these, could be a nice tenant for AT&T too. Even if they leave the city, I doubt very much they’ll leave the region.
Like you noted, sc4maybor, I also wonder if the buyer of 909 sees this as one of their possible tenant opportunities and currently having talks whether it is formal or not between city and GSA. 909 chestnut could very well fit the bill for the GSA is asking for in the article as far as staying in the city and being able to move into new digs by 2024. 909 Chestnut might not be new digs but a rehab would certainly meet the needs, be Class A office space and can be ready in time frame desired.
Would love to see a substantial 909 tenant coming from out of the city but keeping the 1500 or so employees in the city and getting 909 Chestnut back from the dead would be a plus for downtown and the city.
Even if it wasn't pure fantasy, you could drop the BJC West hospital complex on that lot and it wouldn't even fill half of it...MattnSTL wrote:Sure, if you believe McKee's hopes and prayers. The forest is currently regrowing.moorlander wrote:
Isn’t there a hospital going just south of NGA?
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I don't want to get too off topic here, but if BJC, SSM, Mercy, Ascension, etc... haven't shown any interest in a downtown / near downtown location, then anything McKee tries to build will be a heavily subsidized minute clinic / doc in a box.
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I thought his plans were a 3 bed hospital.chaifetz10 wrote: I don't want to get too off topic here, but if BJC, SSM, Mercy, Ascension, etc... haven't shown any interest in a downtown / near downtown location, then anything McKee tries to build will be a heavily subsidized minute clinic / doc in a box.
^ Yeah I remember it wasn't going to be very large.
Apologizes for continuing to take this off topic, but whatever happened to the proposal for that small little hospital in Downtown West?
Apologizes for continuing to take this off topic, but whatever happened to the proposal for that small little hospital in Downtown West?
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Dead but it was DOAsc4mayor wrote: ^ Yeah I remember it wasn't going to be very large.
Apologizes for continuing to take this off topic, but whatever happened to the proposal for that small little hospital in Downtown West?
^ That was my assumption.
Here’s the PD article on the Goodfellow complex.
“He said the government has indicated it needs a new building by 2024 and that it would like to stay in the city but will examine all its options.”
https://www.stltoday.com/business/local ... ign=LEEDCC
Here’s the PD article on the Goodfellow complex.
“He said the government has indicated it needs a new building by 2024 and that it would like to stay in the city but will examine all its options.”
https://www.stltoday.com/business/local ... ign=LEEDCC
I moved this comment about the McKee urgent care facility construction (or lack thereof) to the Pruitt-Igoe thread.
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Would love to see the USDA moving into the Butler Brothers or Railway Exchange buildings. Perfect opportunity to get one of those redone with a sold tenant.
Railway Exchange would be pretty cool. However, I assume GSA would be looking at minimum Class A office space to begin with and going back to the article that sc4mayory posted they quoted new building by 2024.southcitygent wrote: Would love to see the USDA moving into the Butler Brothers or Railway Exchange buildings. Perfect opportunity to get one of those redone with a sold tenant.
So running with Class A. Maybe someone with a lot better knowledge of commercial real estate could add their thoughts to the following
- Would a refurbished 909 Chestnut (ATT) work? Certainly not new but refurbished with additional parking gives you a big chunk of ready made Class A with open flexible floor plans that work for government agencies. Every govt office I go into is cubicle central.
- LHM West Downtown? LHM adds new office space around Union Station. They certainly got experienced behind them in Westport Plaza by delivering WWW new HQ. Why not expanded Union Station Development? Do they have the property to pull it off?
- BPV phase III? - An office tower behind PWC, or would not be enough space without having to rethink Two Cardinal Way
- Cupples? Could Koman pull something together Cupples X and remaining infill. Believe Koman owns the remaining lots if not mistaken
- Finally, going to use the words but Soccer Village? or can someone pull a campus together around existing FBI building.
I honestly think the GSA is looking for a building better than where the USDA currently is. So anything would work if the right amount of money was put into a building to make it modern and usable by the GSA standards.dredger wrote: Railway Exchange would be pretty cool. However, I assume GSA would be looking at minimum Class A office space to begin with and going back to the article that sc4mayory posted they quoted new building by 2024.
So running with Class A. Maybe someone with a lot better knowledge of commercial real estate could add their thoughts to the following
- Would a refurbished 909 Chestnut (ATT) work? Certainly not new but refurbished with additional parking gives you a big chunk of ready made Class A with open flexible floor plans that work for government agencies. Every govt office I go into is cubicle central.
- LHM West Downtown? LHM adds new office space around Union Station. They certainly got experienced behind them in Westport Plaza by delivering WWW new HQ. Why not expanded Union Station Development? Do they have the property to pull it off?
- BPV phase III? - An office tower behind PWC, or would not be enough space without having to rethink Two Cardinal Way
- Cupples? Could Koman pull something together Cupples X and remaining infill. Believe Koman owns the remaining lots if not mistaken
- Finally, going to use the words but Soccer Village? or can someone pull a campus together around existing FBI building.
- AT&T Tower and Railway Exchange would work if money was put in and if they wanted to move into a building like that.
- LHM owns that parking lot between Maggie Obriens and the Drury Hotel. It's sizable but probably not what LHM has in mind for that site, if they have anything in mind. I see that remaining a parking lot for the new attractions at Union Station or I could see it being sold to the MLS4TheLou Group.
- Phase 3 of BPV would be great, but don't see it happening.
- Koman's Cupples X is interesting since it would fit into the Federal Building area around there. You could have the Eagleton Building, Young Federal Building, and Cupples X housing many of our region's government offices.
- Soccer Village isn't supposed to house offices.
In the end, I don't think any of these are a possibility. The GSA would probably prefer to own a building instead of renting from a different landlord.
^ GSA leases a lot of real estate so not sure if that really matters. However ownership of a new building would at least add some long term security of remaining in the city but they also make it very clear that they try to stay in the city first.
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If that’s the case then let’s put together some more empty land next to the new NGA site and have two federal offices as part of a larger plan to stabilize the area.