^ well HQ's is what I originally was thinking but good call on the Globe and Terminal... those are some formidable buildings. Hopefully the Globe finds good success with its tech plans... not sure what occupancy is right now.
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Also the Post Dispatch building. And yes, the St. Louis Mart and Terminal Warehouse had the TRRA office for a little while. I believe they moved into the new building briefly before WWII when they sold it to the government. They were also on Laclede's Landing for a while, though not in a building that had historically been a railroad building. The Mercantile Library also has a large railroad connection, since all the local railroads were members and housed much of their corporate collection there. (Creating the nucleus of the John W. Barriger Railroad Collection.) Of course, quite a lot of buildings had railroad connections of one sort or another, but those are the corporate offices I know of: Frisco, RRX, MoP, SLUS, and the St. Louis Mart and the IT Station (Post Dispatch.) Wabash and the MKT were both in the RRX. IT did indeed have their offices in their passenger station. And if I recall correctly, they moved their passenger terminal and offices into the freight terminal at some point. And to make it more confusing, I believe both of them went through the hands of the Globe. I want to say IT sold the passenger station to the Globe and consolidated in the freight station. And when they closed they sold that to the Globe and the Globe sold their first building to the Post Dispatch. I think. It's a little messy. To say the least.
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Good news for the Metropolitan Square.... shored up financing, ten-year lease extension from its lead tenant Bryan Cave (at 200,000 square feet) and upgrades coming.
Bryan Cave renews lease as Met Square refinances loan, plans upgrades
https://www.bizjournals.com/stlouis/new ... ances.html
JLL Executive Vice President Dave Biales, the lead leasing agent for One Met Square, called the announcements a "big turning point" for the building and its ownership. More tenant commitments will be announced over the next few months, he added.
Bryan Cave renews lease as Met Square refinances loan, plans upgrades
https://www.bizjournals.com/stlouis/new ... ances.html
JLL Executive Vice President Dave Biales, the lead leasing agent for One Met Square, called the announcements a "big turning point" for the building and its ownership. More tenant commitments will be announced over the next few months, he added.
'For lease' signs plague downtown as commercial real estate market plummets in wake of COVID-19: https://www.kmov.com/news/for-lease-sig ... cab1cc.htm
^ Nothing says KMOV more than driving around downtown looking for a negative story about the City.
^Sooooo "fake news"?
The first step to recovery is admitting you have a problem.
The first step to recovery is admitting you have a problem.
^ I didn’t say fake news at all. Please don’t put words in my mouth.
I myself have harped on downtown’s vacancy problem numerous times on this very site. I just get sick and tired of our local media incessantly harping on the same issues. And then like in this article...they gotta blame it on crime and the perception of crime but then they turn around and just keep hammering home that very same perception on the community. A little counterproductive, don’t ya think?
There’s nothing wrong with admitting and owning our issues (issues that happen to be affecting every damn urban center in the country this year) but that’s quite a bit different having it be your usual, daily bullsh*t which is pretty much our local media’s standard operating procedure.
Not really sure how their incessant negativity helps us either.
I myself have harped on downtown’s vacancy problem numerous times on this very site. I just get sick and tired of our local media incessantly harping on the same issues. And then like in this article...they gotta blame it on crime and the perception of crime but then they turn around and just keep hammering home that very same perception on the community. A little counterproductive, don’t ya think?
There’s nothing wrong with admitting and owning our issues (issues that happen to be affecting every damn urban center in the country this year) but that’s quite a bit different having it be your usual, daily bullsh*t which is pretty much our local media’s standard operating procedure.
Not really sure how their incessant negativity helps us either.
^I'm furious at the Post Dispatch for continuing to print Joe Holleman's Wallet Hub obsession. He seems to relish our relatively poor standings in these absurd "rankings", never reporting how the City's stats are unfairly compared to other areas which have annexed their suburbs. It like the Post wants people to think the worst about St. Louis. Whatever happened to the days when the local paper was a proud civic booster?
It stopped right around the time it sold its soul to the devil (a national news agency). When you're owned by someone who's not here, the quality of the paper goes down hill. Not to mention all the good people have moved on (because even they know working for Lee Enterprises is not what they want and not in the best interests of St. Louisans) and so you're left with what we have. A paper that's a shell of what it was and not worth the subscription fee (yet they still send it to my house for free).framer wrote: ↑Jan 06, 2021^I'm furious at the Post Dispatch for continuing to print Joe Holleman's Wallet Hub obsession. He seems to relish our relatively poor standings in these absurd "rankings", never reporting how the City's stats are unfairly compared to other areas which have annexed their suburbs. It like the Post wants people to think the worst about St. Louis. Whatever happened to the days when the local paper was a proud civic booster?
^^ Yes! Exactly my point. Nothing wrong with pointing out the flaws, but when it becomes your MO it’s not helping anything.
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^How do we start a new news agency for our fair town to fill the void? Maybe some of that commercial vacancy.
St. Louis has a pretty impressive news agency in news.stlpublicradio.org.symphonicpoet wrote: ↑Jan 07, 2021^How do we start a new news agency for our fair town to fill the void? Maybe some of that commercial vacancy.
Man, I thought I was the only one sick of his obsession with rankings! A weekly bombardment of (useless) rankings comparing our city data to cities with their county data included.framer wrote: ↑Jan 06, 2021^I'm furious at the Post Dispatch for continuing to print Joe Holleman's Wallet Hub obsession. He seems to relish our relatively poor standings in these absurd "rankings", never reporting how the City's stats are unfairly compared to other areas which have annexed their suburbs. It like the Post wants people to think the worst about St. Louis. Whatever happened to the days when the local paper was a proud civic booster?
Chill bro, I was asking you to explain, not put words in your mouth, so please don't put words in my mouthsc4mayor wrote: ↑Jan 06, 2021^ I didn’t say fake news at all. Please don’t put words in my mouth.
I got the completely opposite view. I want this to be continually made aware of to each and every person in the region as much as possible until they understand that there are serious issues and we're all in this together and things like crime, disenfranchisement and a failing downtown are detrimental to everyone in the region.sc4mayor wrote:I myself have harped on downtown’s vacancy problem numerous times on this very site. I just get sick and tired of our local media incessantly harping on the same issues. And then like in this article...they gotta blame it on crime and the perception of crime but then they turn around and just keep hammering home that very same perception on the community. A little counterproductive, don’t ya think?
There’s nothing wrong with admitting and owning our issues (issues that happen to be affecting every damn urban center in the country this year) but that’s quite a bit different having it be your usual, daily bullsh*t which is pretty much our local media’s standard operating procedure.
Not really sure how their incessant negativity helps us either.
I've spent decades analyzing and observing this city and I see coming together as a region as the only way forward. People are starting to come around IMHO, albeit it slowly, but definitely better than say two decades ago. We need more stories like these to keep people informed. So, I'm all for it, of course as long as it's factual.
Guys, really, they're not giving you hell, they're just telling the truth and you think it's hell.
^ Yeah, I don’t necessarily disagree with you about a little bit of brow beating in an effort to get people to pull the region together (and I do agree that we seem to be glacially moving that direction). I just think there should be more of an effort to advocate better news too. A company recently announced moving 130 or so jobs downtown from West County and a longer term effort to get another 500 or so people in the building they bought. That’s big and good news, and would fill some vacancy! Nary a peep outside the BJ tho...
But Wallethub and other internet “listicles” are not truth and do a disservice. Regular reporting is one thing...regurgitating crap like Holleman does doesn’t do anything.
But Wallethub and other internet “listicles” are not truth and do a disservice. Regular reporting is one thing...regurgitating crap like Holleman does doesn’t do anything.
A downtown office occupancy question or any speculative guesses on the following.
What is the odds that 808 Chestnut tower gets bought with a tenant announced in 2021? An empty office tower might not have as a big of impact on occupancy rates say in NY, San Fran, Chicago but this is downtown St. Louis. I think getting someone into the tower even if it is say 25-50% full should be one of if not the top priority for the city/county development agencies. I assume it is but I have no real insight unless others can share any back room tidbits.
My odds is 60-40 in favor of something happening. I see the tower as a great place for a corporation to literally bring some back office work back into the office by offering space at a steal in the post covid world. You could easily social distance your work force and still do at a cost comparable to cramming people into coastal office spaces.
What is the odds that 808 Chestnut tower gets bought with a tenant announced in 2021? An empty office tower might not have as a big of impact on occupancy rates say in NY, San Fran, Chicago but this is downtown St. Louis. I think getting someone into the tower even if it is say 25-50% full should be one of if not the top priority for the city/county development agencies. I assume it is but I have no real insight unless others can share any back room tidbits.
My odds is 60-40 in favor of something happening. I see the tower as a great place for a corporation to literally bring some back office work back into the office by offering space at a steal in the post covid world. You could easily social distance your work force and still do at a cost comparable to cramming people into coastal office spaces.
^ I speculate nothing will happen. Not on the tail end of a pandemic.
This should probably be in the 909 Chestnut thread...
This should probably be in the 909 Chestnut thread...
^ OK, I guess I should have discussed st louis news groups and their reports on the downtown occupancy thread instead of posting on the largest empty downtown office building that is currently driving a higher vacancy rate instead of a lower, better vacancy. My badsc4mayor wrote: ↑Jan 07, 2021^ Yeah, I don’t necessarily disagree with you about a little bit of brow beating in an effort to get people to pull the region together (and I do agree that we seem to be glacially moving that direction). I just think there should be more of an effort to advocate better news too. A company recently announced moving 130 or so jobs downtown from West County and a longer term effort to get another 500 or so people in the building they bought. That’s big and good news, and would fill some vacancy! Nary a peep outside the BJ tho...
But Wallethub and other internet “listicles” are not truth and do a disservice. Regular reporting is one thing...regurgitating crap like Holleman does doesn’t do anything.
Commercial real estate market is getting hammered all over the country due to the pandemic and its aftermath, I don't predict that downtown St Louis will be an unicorn in any way. I doubt that things will get better than 2019 before 2022 or so.
A couple of thoughts regarding DT STL, I visited DT over Christmas for the first time in 6 years since I moved away from STL. I live in the South Loop now and South Tampa. First I was shocked how clean and interconnected DT seemed versus 7 years ago. In fact DT was cleaner then some parts of Wabash. Pleasant surprise. Here in Chicago for lease signs are going up everywhere, two restaurants and Bodega closed within blocks of me this week alone. So businesses closing due the pandemic isn't a STL problem. Its happening nationwide. Here's a good blog to follow to get a feel of what's happening locally in Chicago.
http://www.sloopin.com/?m=1
Lastly the bad. Wash Ave looked like a bomb went off plus the Wall Mart parking lot style portable street cameras, and random concrete barriers in the middle of street look terrible. In fact Wash Ave looked as bad as it did when they were tearing up the street and I used to play Wed night bowling down the street. Its that bad especially for someone who lived on Wash Ave in the late 90s up until 2013. Kind of sad in a way I suppose. Its just my impression that development in the central corridor seems to see saw between the CWE and DT every decade or so. I sense that in the 90s the CWE was hot then in 2000s DT development took off followed by the CWE in the 2010s. I sense DT west might be the new hot development area. Just my spider sense. However I don't think office space or a glut of hotels is going to be a big factor in driving development DT forward. Anyway just a observation from a old time resident who was away for years.
http://www.sloopin.com/?m=1
Lastly the bad. Wash Ave looked like a bomb went off plus the Wall Mart parking lot style portable street cameras, and random concrete barriers in the middle of street look terrible. In fact Wash Ave looked as bad as it did when they were tearing up the street and I used to play Wed night bowling down the street. Its that bad especially for someone who lived on Wash Ave in the late 90s up until 2013. Kind of sad in a way I suppose. Its just my impression that development in the central corridor seems to see saw between the CWE and DT every decade or so. I sense that in the 90s the CWE was hot then in 2000s DT development took off followed by the CWE in the 2010s. I sense DT west might be the new hot development area. Just my spider sense. However I don't think office space or a glut of hotels is going to be a big factor in driving development DT forward. Anyway just a observation from a old time resident who was away for years.
At work social distancing is an interesting idea, but I have to agree with sc. I don't think the Downton hotel, office or residential markets are strong enough for something on the scale of 909 or even 25-50% of it in 2021. I mean, it's 2021 right now and the pandemic is still raging. Its just a lot of project to be one of the first ones out of the gate if/when things start to pick up again.dredger wrote: ↑Jan 07, 2021What is the odds that 808 Chestnut tower gets bought with a tenant announced in 2021? An empty office tower might not have as a big of impact on occupancy rates say in NY, San Fran, Chicago but this is downtown St. Louis. I think getting someone into the tower even if it is say 25-50% full should be one of if not the top priority for the city/county development agencies. I assume it is but I have no real insight unless others can share any back room tidbits.
My odds is 60-40 in favor of something happening. I see the tower as a great place for a corporation to literally bring some back office work back into the office by offering space at a steal in the post covid world. You could easily social distance your work force and still do at a cost comparable to cramming people into coastal office spaces.