If I'm the STLCity - Enterprise - WWT group, I'd hop on the phone with Caleres. With Build-A-Bear going in Union Station getting another local domino fall in that area would be pretty amazing story for them.
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If I'm the STLCity - Enterprise - WWT group, I'm thinking about moving some Enterprise or WWT employees downtown, too.
It would be a little disingenuous to say hey why don’t you move downtown without moving at least some of themselves downtown.KansasCitian wrote: ↑Apr 19, 2021If I'm the STLCity - Enterprise - WWT group, I'm thinking about moving some Enterprise or WWT employees downtown, too.
Caleras staying within Clayton or nearby makes sense as probably most of their employees would prefer that. I assume their is space to be had with recent Clayton developments. Can also see immediate area, whether it be Boulevards phase II or maybe kick off phase III in Richmond Heights and or Westport in Maryland Heights..
As noted above, I think the two local corporations that should step up for the region and put people downtown is Enterprise and WWT. Would love to see Enterprise put IT group near new MSL stadium or even NOW District. Better yet, NOW district getting a decent buy in from both Enterprise and WWT followed with some nice new 5-10 mixed use projects along with 2CW tower filling in holes south of Market between MLS to Busch stadium would be nice . In the meantime the city should use of its covid relief funds and buy 909 chestnut outright if the latest interest falls through.
Got way off thread in last comments but I think the regions benefit is simply to keep Caleras from moving out of the region and therefore a shared goal for what they want which is most likely to stay close to current location as well as the incentives as already noted as well in the thread.
As noted above, I think the two local corporations that should step up for the region and put people downtown is Enterprise and WWT. Would love to see Enterprise put IT group near new MSL stadium or even NOW District. Better yet, NOW district getting a decent buy in from both Enterprise and WWT followed with some nice new 5-10 mixed use projects along with 2CW tower filling in holes south of Market between MLS to Busch stadium would be nice . In the meantime the city should use of its covid relief funds and buy 909 chestnut outright if the latest interest falls through.
Got way off thread in last comments but I think the regions benefit is simply to keep Caleras from moving out of the region and therefore a shared goal for what they want which is most likely to stay close to current location as well as the incentives as already noted as well in the thread.
https://www.stltoday.com/business/local ... f9333.html
A few pieces of info here:
Caleres received an unsolicited bid for the property recently.
They need 100k sq ft. of office space, 1/3 their current size.
Greater St. Louis Inc is working with them to keep their HQ in St. Louis.
Sent from my Pixel 3a using Tapatalk
A few pieces of info here:
Caleres received an unsolicited bid for the property recently.
They need 100k sq ft. of office space, 1/3 their current size.
Greater St. Louis Inc is working with them to keep their HQ in St. Louis.
Sent from my Pixel 3a using Tapatalk
Hmmm. The office portion of KDG's Cortex project is proposed to be "125,000 square feet, with 7,000 set aside for retail." If the shoe fits.....NHampton wrote: ↑Apr 26, 2021https://www.stltoday.com/business/local ... f9333.html
A few pieces of info here:
Caleres received an unsolicited bid for the property recently.
They need 100k sq ft. of office space, 1/3 their current size.
Greater St. Louis Inc is working with them to keep their HQ in St. Louis.
Sent from my Pixel 3a using Tapatalk
Caleres doesn’t seem like the Cortex type.wabash wrote: ↑Apr 27, 2021Hmmm. The office portion of KDG's Cortex project is proposed to be "125,000 square feet, with 7,000 set aside for retail." If the shoe fits.....NHampton wrote: ↑Apr 26, 2021https://www.stltoday.com/business/local ... f9333.html
A few pieces of info here:
Caleres received an unsolicited bid for the property recently.
They need 100k sq ft. of office space, 1/3 their current size.
Greater St. Louis Inc is working with them to keep their HQ in St. Louis.
Sent from my Pixel 3a using Tapatalk
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yeah, i'm not sure why a shoe company would want/need to be in a bio-science-focused innovation district.
The same reasons Microsoft, Square, Accenture or BJC have offices there. Cortex has a strong bio-science presents, but that's increasingly diversified by other uses and industries.urban_dilettante wrote: ↑Apr 27, 2021yeah, i'm not sure why a shoe company would want/need to be in a bio-science-focused innovation district.
GM elf research!urban_dilettante wrote: ↑Apr 27, 2021yeah, i'm not sure why a shoe company would want/need to be in a bio-science-focused innovation district.
I'm glad to hear Greater St. Louis is working with them. With their stated goals of rebuilding the urban core, Brown Shoe moving downtown would be nice. I suspect they'll remain in Clayton, but as office space requirements become a little more flexible post-pandemic with work-from-home, etc., maybe a move further east would be easier now than in the past.
I'd say Cortex is a long shot. I would imagine some of that KDG building would be labs anyway. Forsyth Point has a little over 100,000 square feet of space left though. That shoe might fit a bit more...
Edit: BJ did a little speculating:
I'd say Cortex is a long shot. I would imagine some of that KDG building would be labs anyway. Forsyth Point has a little over 100,000 square feet of space left though. That shoe might fit a bit more...
Edit: BJ did a little speculating:
Caleres' buildings include more than 340,000 square feet of office space. Though the company could look to downsize significantly, to between 125,000 and 175,000 square feet, that chunk of space still leaves few options among existing buildings, said David Steinbach, managing director for the St. Louis office of JLL, a real estate services company.
Remaining in Clayton could be possible at Forsyth Pointe, a $250 million office project at the corner of Forsyth and North Brentwood boulevards that is expected to be completed in early 2022, though Steinbach said Caleres would have to "move quickly."
There are more options downtown, the weakest office submarket by average rent. Bank of America Plaza, 800 Market St.; the vacant AT&T Tower, 909 Chestnut St.; and the former Hertz tower, 100 N. Broadway, could all accommodate Caleres, Steinbach said.
Depending on the timing of lease expirations, the corporate campuses near Maryville University in Town & Country and CityPlace in Creve Coeur could also work, he said. But if those options prove undesirable, Caleres may need to work with a developer to build space to suit its needs, Steinbach said.
"St. Louis is a conservative market, we have never overbuilt, so other than downtown there just aren't a lot of large blocks available to accommodate a group this size," Steinbach said.
https://www.bizjournals.com/stlouis/new ... -land.htmlJLL's Steinbach said it's unlikely Caleres would move forward on a move before getting its property under contract. A potential buyer backed off during the pandemic, he said. "This is going to be a long process," Steinbach said. "These are complicated deals. This is likely going to be a mixed-use or multi-family site."
There's even the chance, Steinbach said, that Caleres could remain at the current site "in a new building with a chosen buyer-developer."
^ Pure speculation but wondering if they were considering a Lafayette square more as part of the larger development that included Opus putting in an office building at corner of Hampton & Chouteau. Supposedly bring 800 jobs into downtown area.
A move to Bank of America plaza and or 100 N. Broadway would seem a nice fit and nice win for downtown.
A move to Bank of America plaza and or 100 N. Broadway would seem a nice fit and nice win for downtown.
^ I'm not sure Brown would have ever considered moving to Lafayette Square, but that would have been awesome. Also, I think you mean Jefferson and Chouteau 
From another thread on corporate mergers suggested Foundry.
I can definitely see Caleras HQ being anchor tenant for Foundry's phase II timber frame open space office building and adding a signature retail store in Foundry itself would be a pretty good fit. I also assume that things can come together pretty quickly if they were persuaded to sign a commitment letter
I can definitely see Caleras HQ being anchor tenant for Foundry's phase II timber frame open space office building and adding a signature retail store in Foundry itself would be a pretty good fit. I also assume that things can come together pretty quickly if they were persuaded to sign a commitment letter
dredger wrote: ↑Apr 27, 2021From another thread on corporate mergers suggested Foundry.
I can definitely see Caleras HQ being anchor tenant for Foundry's phase II timber frame open space office building and adding a signature retail store in Foundry itself would be a pretty good fit. I also assume that things can come together pretty quickly if they were persuaded to sign a commitment letter
I am thinking skip Phase II and give them their own custom-fit pair of these, let's say scaled up to shoehorn in 5 stories of office space, on a display pedestal/podium overlooking I-64:
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Note: The below is not a comment on Caleres, but rather on moving a shoe company into a "duck." (Shaped like a shoe.)
There was an old business that lived in a shoe.
It had so many brands it didn't know what to do.
It gave them flash uppers without any soul
And beat them all soundly for missing their goal.
There was an old business that lived in a shoe.
It had so many brands it didn't know what to do.
It gave them flash uppers without any soul
And beat them all soundly for missing their goal.
^ Urbanitas, I think your onto something. Why not both? Phase II office & residential with Phase III being the shoe. I can literally see a shoe store within a shoe. Maybe not as grand as office space and be a little tacky, cheesy but done right you might very well attract a few more people to swing by the Foundry check out the shoe and grab a bite. Heck, the novelty might wear off in 5 to 10 years but hopefully their ready to knockdown and build another phase
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^There are an awful lot of "ducks" out there. (Duck being, in this case, reportedly developer jargon for a building made to resemble the thing it sells in honor of an early example.) One supposes it works. Advertising.
It's really not a terrible idea, I just couldn't help myself. It's such a great opportunity for the long form pun. (Again, nothing about Caleres here. I wish them every success. The poem would be more fitting for a flashier brand anyway. Something fancy, but poorly made, say.)
It's really not a terrible idea, I just couldn't help myself. It's such a great opportunity for the long form pun. (Again, nothing about Caleres here. I wish them every success. The poem would be more fitting for a flashier brand anyway. Something fancy, but poorly made, say.)
^^^^I was originally going to link to a different photo w/ explanation, but this was a better pic. If anyone's curious, the shoe/duck is a wedding chapel, in Taiwan.
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^Huh! I never would have guessed that. It should hold an awful lot of champagne!
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Not necessarily advocating for Caleres' HQ to get demo'd but that would be a great spot for a nice 10-15 story apartment building. Lots of wasted space in that rear parking lot too.
Right next to Center of Clayton, Schnuck's, I170, nice walk to the Metro, Centennial Greenway.
Right next to Center of Clayton, Schnuck's, I170, nice walk to the Metro, Centennial Greenway.
A massive new development is in the works. It’s likely to shift things a bit if built as planned. I know so because of a particular post made on LinkedIn that has since been deleted but the person who posted it knows what they’re doing. Stay tuned! Looked great from what I saw.
Calares site?chriss752 wrote: ↑May 02, 2022A massive new development is in the works. It’s likely to shift things a bit if built as planned. I know so because of a particular post made on LinkedIn that has since been deleted but the person who posted it knows what they’re doing. Stay tuned! Looked great from what I saw.
^ Their most recent earnings report (I think in March) made mention that a buyer hadn’t been found for the campus yet. That’d be pretty surprising for something to come together that quick.
I’m hoping for something in the Centene hole maybe combined with the parking lots around the Forsyth station. Would be nice to see this make another appearance:
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I’m hoping for something in the Centene hole maybe combined with the parking lots around the Forsyth station. Would be nice to see this make another appearance: