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PostOct 13, 2023#5226

Trololzilla wrote:
Oct 13, 2023
Yeah, I would get used to seeing homeless almost everywhere with economic and social conditions as they are. Be easier just to, y'know, house them like Finland and Utah have done but who has the time to implement real solutions these day?
"Finland and Utah"?

**dog whistle**

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PostOct 13, 2023#5227

leeharveyawesome wrote:
Trololzilla wrote:
Oct 13, 2023
Yeah, I would get used to seeing homeless almost everywhere with economic and social conditions as they are. Be easier just to, y'know, house them like Finland and Utah have done but who has the time to implement real solutions these day?
"Finland and Utah"?

**dog whistle**
Not sure what you’re getting at, Utah and Finland have effective housing first policies that should be emulated. Not a race thing


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PostOct 13, 2023#5228

Hotel Indigo asking the courts to let it auction off the property.

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PostOct 13, 2023#5229

dtgwvc wrote:
Oct 13, 2023
leeharveyawesome wrote:
Trololzilla wrote:
Oct 13, 2023
Yeah, I would get used to seeing homeless almost everywhere with economic and social conditions as they are. Be easier just to, y'know, house them like Finland and Utah have done but who has the time to implement real solutions these day?
"Finland and Utah"?

**dog whistle**
Not sure what you’re getting at, Utah and Finland have effective housing first policies that should be emulated. Not a race thing


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Agreed, I think studies have shown that housing first is one of the most effective policies for homelessness, I wish more communities would invest in it. Simply banning homelessness or continually moving people around isn't actually addressing the problem.

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PostOct 13, 2023#5230

dtgwvc wrote:
Oct 13, 2023
leeharveyawesome wrote:
Trololzilla wrote:
Oct 13, 2023
Yeah, I would get used to seeing homeless almost everywhere with economic and social conditions as they are. Be easier just to, y'know, house them like Finland and Utah have done but who has the time to implement real solutions these day?
"Finland and Utah"?

**dog whistle**
Not sure what you’re getting at, Utah and Finland have effective housing first policies that should be emulated. Not a race thing


Sent from my iPhone using Tapatalk
Well, ok, we have the blueprint for an apparent successful approach to unhousedness. We have $600 million of free football/Walmart money. Implement the plan TOMORROW.

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PostOct 13, 2023#5231

I was just saying you implying he was making racist dog whistles was unfair. He was referencing Utah and finlands housing first strategies, while you were implying he was referencing the demographics of the area.


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PostOct 14, 2023#5232

Some news hopefully by end of year on a prominent downtown restaurant

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PostOct 19, 2023#5233

Another plan.

National real estate group looks to grow retail in downtown St. Louis

https://www.stltoday.com/news/local/met ... 322c7.html

What is another outside review going to tell St. Louis that local business and real estate groups aren’t already saying? Couldn’t they find $75,000 worth of projects from any of the other completed plans? Couldn’t they pay PGAV to do the same, and faster?

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PostOct 20, 2023#5234

Throw that money into a fund to seed small scale, startup retail. Hold a contest, winners get 10k for buildout and three months of free rent.

The former rent-to-own building on Cherokee had like 50 applicants for a similar program and had over 50 applicants, I am sure some would be interested in downtown

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PostOct 21, 2023#5235

Q3 Downtown/CBD office vacancy rates

Minneapolis 30.7%
St.Paul 27%
Kansas City 26.5%
Denver 23%
Cincinnati 22.5%
Indianapolis 22%
Nashville 21.9%
St.Louis 21.9%

Source: Cushman Wakefield Q3 Market Reports.

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PostOct 21, 2023#5236

Good stuff. Other than Geo Spatial, legal, and accounting, what sectors are finding a home in DT?

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PostOct 21, 2023#5237

Banking with US Bank and Bank of America, engery with Peabody, Ameren, Spire. Government - city hall, USDA at Met one, multi gov agency building at Tucker and Clark, Federal Court House, Federal Reserve Bank (besides its own building, it rents space at the office building at Wash/Broadway. the FBI, state of Missouri at Wainright and old post office.

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PostOct 23, 2023#5238

Big insurance company to leave downtown St. Louis after 138 years
An insurance brokerage company is leaving downtown St. Louis after 138 years, moving employees from 100 N. Broadway to a building in St. Louis County where it has had office space for about 25 years.
The Crane Agency said the decision is based on the westward shift of where its employees live. The company will relocate employees in early to mid-February 2024 to 400 Chesterfield Center in Chesterfield.

Crane has room for about 170 employees at 100 N. Broadway, but only 20 to 30 are working daily in the approximately 35,000-square-foot space because of remote work, said Mike Reedy, Crane’s executive vice president-secretary. The company’s lease covers the ninth floor and about two-thirds of the 10th floor. Crane’s lease at 100 N. Broadway, now known as the Larson Tower, expires in November 2024, and the one at 400 Chesterfield Center ends in February 2027.
“We’re kind of capitalizing to get everybody back under one roof, reinvigorate and re-energize the culture,” Reedy said. “Our goal is to increase collaboration and mentorship.”
Asked if crime or a lack of amenities downtown were a factor in the decision, Reedy said they were not. Other firms have cited those factors when leaving downtown for other parts of the region.
“We’re not trying to dis downtown by any means,” Reedy said.
In recent years, a string of companies have left downtown St. Louis or announced plans to do so, with a lesser number of firms moving in or publicly announcing that they've renewed leases. Office vacancy worsened downtown in the third quarter compared with the second quarter, according to real estate firm Cushman & Wakefield, as the neighborhood has the highest vacancy rate, at nearly 22%, of any submarket in the region, with among the lowest asking rents.
https://www.bizjournals.com/stlouis/news/2023/10/23/insurance-company-leaving-downtown-st-louis.html?cx_testId=40&cx_testVariant=cx_5&cx_artPos=0#cxrecs_s

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PostOct 23, 2023#5239

20 employees in Dowtown….and the company total is 170 and had 60,000 sq feet of space between the 2 locations, by most space standards they need about 25,000 and that’s the size of their existing west county office whose a lease is longer. Sometimes a move just makes sense for the company

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PostOct 23, 2023#5240

dbInSouthCity wrote:20 employees in Dowtown….and the company total is 170 and had 60,000 sq feet of space between the 2 locations, by most space standards they need about 25,000 and that’s the size of their existing west county office whose a lease is longer. Sometimes a move just makes sense for the company
We don’t have to try to put a positive spin on every negative DT story. I get why the company is making the move, but 20 employees and another company are leaving for the county. It’s simply bad news.

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PostOct 24, 2023#5241

https://www.kmov.com/2023/10/24/large-u ... ntown-stl/

Never miss an opportunity to cover the "chaos" downtown, even when it involves legal activities (scooter trick-riding). The graffiti was below ground level on a blank concrete parking garage wall. Those guys beautified that dump.

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PostOct 24, 2023#5242

The owner of a prominent downtown St. Louis office tower has defaulted on its loan, according to bond filings.
https://archive.ph/TEVxR

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PostOct 24, 2023#5243

The building is over 80% leased. This is a result of poor business strategy and maybe some poor luck, not the building’s DT location. Same goes for the UMB Bank Building.

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PostOct 25, 2023#5244

Debaliviere91 wrote:
Oct 23, 2023
dbInSouthCity wrote:20  employees in Dowtown….and the company total is 170 and had 60,000 sq feet of space between the 2 locations, by most space standards they need about 25,000 and that’s the size of their existing west county office whose a lease is longer.  Sometimes a move just makes sense for the company
We don’t have to try to put a positive spin on every negative DT story. I get why the company is making the move, but 20 employees and another company are leaving for the county. It’s simply bad news.
I don't blame them. I would consider a county move for the free 1% raise 

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PostOct 25, 2023#5245

1% "raise" balanced against less proximinity/convenience to amenities and things to do

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PostOct 25, 2023#5246

Main issue here was all the employees living in west county and beyond. Chesterfield office was more convenient, and that’s in addition any other issue specific to downtown. The root cause here is that the metro has spread so far west that downtown is no longer central.


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PostOct 25, 2023#5247

dtgwvc wrote:Main issue here was all the employees living in west county and beyond. Chesterfield office was more convenient, and that’s in addition any other issue specific to downtown. The root cause here is that the metro has spread so far west that downtown is no longer central.


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Exactly. It’s refreshing that they didn’t site crime or the earnings tax as the reason for leaving, but the reason they did site is arguably more concerning/challenging. A significant portion of our white collar workforce has no interest in commuting downtown.

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PostOct 25, 2023#5248

All you can really do is build a lot of housing, especially family sized houses, in the city, near county and especially the Illinois side. In the meantime, DT focuses on NGA companies, startups, apartment projects, tourism, conventions, sports, and keeping the companies we have. Hopefully over time work from home falls out of favor and companies will have a reason to keep paying the rent on their buildings.

Getting the railway exchange building and the parking garage immediately south done would be a big win. Feels like it drags the whole area down. Brickline greenway and midtown redeveloping might also help with foot traffic a little bit.

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PostOct 25, 2023#5249

My office is in Kirkwood.  I rarely go there unless it is beneficial to have a face-to-face with a cross-functional team.  Pre-Pandemic I was there everyday I wasn't traveling.

It's nothing against Kirkwood, but the world has changed and people don't commute if they don't have to.  CBDs will have to evolve.  The western migration in St. Louis is amplifying the challenge.  For context sake I live in the city.

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PostOct 25, 2023#5250

I think a lot of upper business types hate work from home but only put up with it cause the labor market is so tight. I don’t know if this necessarily something to root for but a looser labor market could empower companies to enforce back to work policies without worrying about losing staff.


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