Yea, I’m surprised Chicago was not included. The upper floors of that building are all empty I believe. Railway Exchange type building.matguy70 wrote: ↑Jan 10, 2025Not directly about STL Downtown but the "state of downtown" department stores.
Macys is closing a few of their last downtown stores including:
Downtown LA
Downtown Philadelphia (a real blow to historic property)
Downtown Brookyln (a real blow to historic property)
They will close SOCO Center here in STL. And one in north KC as well.
66 total stores in the next few months.
Mosr of their Downtown stores now shuttered across the country. Chicago (old Marshall Fields) is a sitting duck now for closure IMO.
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Clear the way for Downtown SoCo?
And the RX is a far more impressive structure than the Marshall Fields building on State St.
And the RX is a far more impressive structure than the Marshall Fields building on State St.
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Agreed. Just similar in the way of a department store anchor, with several floors above, and a very old block size building. The clocks are a nice touch on Marshall Fields and they obviously still get all the christmas decor that elevates it. Railway is about 2x the height. Hopefully we get our gem back soonJaneJacobsGhost wrote: ↑Jan 10, 2025Clear the way for Downtown SoCo?
And the RX is a far more impressive structure than the Marshall Fields building on State St.
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Anders is expanding. Taking up an additional 60,000 sq. ft. and adding more than 200 jobs per a Board Bill. It's seeking to divert 85% of its earnings and payroll taxes for build out.
edit: changed up to 200 jobs to by more than 200 jobs. Over 400 total per the Board Bill.
edit: changed up to 200 jobs to by more than 200 jobs. Over 400 total per the Board Bill.
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That’s great news.
Is that building still for sale? Last I had heard its occupancy was below 50%, but this expansion helps.
Is that building still for sale? Last I had heard its occupancy was below 50%, but this expansion helps.
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^ Not sure of the sale status, but on Loopnet I see there's a current leasing listing of 393,000 sq. ft. (out of 825,000 sq, ft,) Not sure if the Anders expansion reduces that availability or not.
https://www.loopnet.com/Listing/800-Mar ... /19355476/
https://www.loopnet.com/Listing/800-Mar ... /19355476/
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^There’s a medium sized law firm leaving this building for Clayton soon. Put in my 2 cents from the outside but it is happening
Still crickets from the Business Journal.STLrainbow wrote: ↑Jan 11, 2025Anders is expanding. Taking up an additional 60,000 sq. ft. and adding more than 200 jobs per a Board Bill. It's seeking to divert 85% of its earnings and payroll taxes for build out.
edit: changed up to 200 jobs to by more than 200 jobs. Over 400 total per the Board Bill.
Edit: Still nothing from the business journal at 4:30.
https://www.bizjournals.com/stlouis/new ... newal.html
Thompson Coburn signed a lease extension for 197,000 SF of space at US Bank Plaza. Their current lease signed in 2017 goes into 2026, so it seems like the agreement extends past 2026, maybe into 2027 or 2028. I could definitely be wrong as the BJ artcile isn't very clear on that. No term or money was announced.
This reminds me of when PwC signed an extension to stay in the Bank of America building while they waited for the BPV building to be completed.
I think it's a pretty good sign that they extended at US Bank Plaza this relatively early as it shows they do genuinely want to give downtown a real chance and not immediately flee to Clayton like so many others have.
Thompson Coburn signed a lease extension for 197,000 SF of space at US Bank Plaza. Their current lease signed in 2017 goes into 2026, so it seems like the agreement extends past 2026, maybe into 2027 or 2028. I could definitely be wrong as the BJ artcile isn't very clear on that. No term or money was announced.
This reminds me of when PwC signed an extension to stay in the Bank of America building while they waited for the BPV building to be completed.
I think it's a pretty good sign that they extended at US Bank Plaza this relatively early as it shows they do genuinely want to give downtown a real chance and not immediately flee to Clayton like so many others have.
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Every time the BJ mentions Anthem’s move DT, they have to point out the dramatically reduced footprint. Meanwhile Fleishman Hilliard’s massively reduced footprint in Clayton gets no coverage.
True it's literally in every article.JaneJacobsGhost wrote: ↑Jan 14, 2025Every time the BJ mentions Anthem’s move DT, they have to point out the dramatically reduced footprint. Meanwhile Fleishman Hilliard’s massively reduced footprint in Clayton gets no coverage.
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Every Biz Journal article I’ve read about FH’s move to Clayton mentions the reduced footprint.JaneJacobsGhost wrote:Every time the BJ mentions Anthem’s move DT, they have to point out the dramatically reduced footprint. Meanwhile Fleishman Hilliard’s massively reduced footprint in Clayton gets no coverage.
Pretty sure they mean when it's mentioned in other articles.Debaliviere91 wrote: ↑Jan 14, 2025Every Biz Journal article I’ve read about FH’s move to Clayton mentions the reduced footprint.JaneJacobsGhost wrote:Every time the BJ mentions Anthem’s move DT, they have to point out the dramatically reduced footprint. Meanwhile Fleishman Hilliard’s massively reduced footprint in Clayton gets no coverage.
Whenever the Anthem move is mentioned in an article NOT about it, they reference the reduced footprint. Whenever the FH move is mentioned in an article NOT about it, it doesn't mention reduced footprint and just says that it's one of many to leave downtown.
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Still nothing from the BJJaneJacobsGhost wrote: ↑Jan 13, 2025Still crickets from the Business Journal.STLrainbow wrote: ↑Jan 11, 2025Anders is expanding. Taking up an additional 60,000 sq. ft. and adding more than 200 jobs per a Board Bill. It's seeking to divert 85% of its earnings and payroll taxes for build out.
edit: changed up to 200 jobs to by more than 200 jobs. Over 400 total per the Board Bill.
Edit: Still nothing from the business journal at 4:30.
They signed a 36 month extension.Auggie wrote: ↑Jan 14, 2025https://www.bizjournals.com/stlouis/new ... newal.html
Thompson Coburn signed a lease extension for 197,000 SF of space at US Bank Plaza. Their current lease signed in 2017 goes into 2026, so it seems like the agreement extends past 2026, maybe into 2027 or 2028. I could definitely be wrong as the BJ artcile isn't very clear on that. No term or money was announced.
This reminds me of when PwC signed an extension to stay in the Bank of America building while they waited for the BPV building to be completed.
I think it's a pretty good sign that they extended at US Bank Plaza this relatively early as it shows they do genuinely want to give downtown a real chance and not immediately flee to Clayton like so many others have.
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Here it is. Turns outs there is more to the story.JaneJacobsGhost wrote:Still nothing from the BJJaneJacobsGhost wrote: ↑Jan 13, 2025Still crickets from the Business Journal.STLrainbow wrote: ↑Jan 11, 2025Anders is expanding. Taking up an additional 60,000 sq. ft. and adding more than 200 jobs per a Board Bill. It's seeking to divert 85% of its earnings and payroll taxes for build out.
edit: changed up to 200 jobs to by more than 200 jobs. Over 400 total per the Board Bill.
Edit: Still nothing from the business journal at 4:30.
https://www.bizjournals.com/stlouis/new ... ntown.html
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And we finally have something. Although the BJ would prefer to use this great announcement as an opportunity to trash DT. They suck so hard.JaneJacobsGhost wrote: ↑Jan 14, 2025Still nothing from the BJJaneJacobsGhost wrote: ↑Jan 13, 2025Still crickets from the Business Journal.STLrainbow wrote: ↑Jan 11, 2025Anders is expanding. Taking up an additional 60,000 sq. ft. and adding more than 200 jobs per a Board Bill. It's seeking to divert 85% of its earnings and payroll taxes for build out.
edit: changed up to 200 jobs to by more than 200 jobs. Over 400 total per the Board Bill.
Edit: Still nothing from the business journal at 4:30.
https://www.bizjournals.com/stlouis/new ... ntown.html
Edit: beat me to it.
I’m curious what are the “unique set of circumstances”, as Cara Spencer described them. The circumstances described by the article seem pretty typical. A business wants to expand and asked for tax incentives to do so. There is nothing unique about that.
https://www.bizjournals.com/stlouis/new ... louis.html
St. Louis getting the Church of God in Christ's Holy Convocation back in 2026. STL hosted from 2010-2019 before it moved to Memphis from 2022-2025. They plan to be here until at least 2028.
The last convention that had in Memphis brought in 25,000 attendees.
St. Louis getting the Church of God in Christ's Holy Convocation back in 2026. STL hosted from 2010-2019 before it moved to Memphis from 2022-2025. They plan to be here until at least 2028.
The last convention that had in Memphis brought in 25,000 attendees.
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These used to bring 30k+ when it was in STL pre-pandemic. Not big drinkers, but good for downtown no doubt.
The 2020 one was expected to have 45,000 before it was cancelled. Hopefully the move back will boost attendence since STL is probably a more desirable tourist destination than Memphis.TheWayoftheArch_V2.0 wrote: ↑Jan 14, 2025These used to bring 30k+ when it was in STL pre-pandemic. Not big drinkers, but good for downtown no doubt.
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Yeah, i remember one year they were forecasting 50k+. I'm not sure they'll see that kind of attendance ever again post-covid.
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It’s certainly easier to fly here than Memphis. And a quick internet search indicates that StL does in fact lap Memphis on number of annual tourists.
Anyway, take it easy on Memphis. It’s a cool town with possibly the most impactful music history of any city on earth. Not to mention it’s the only major US metro area that is a plurality black.
Anyway, take it easy on Memphis. It’s a cool town with possibly the most impactful music history of any city on earth. Not to mention it’s the only major US metro area that is a plurality black.
https://www.bizjournals.com/stlouis/new ... field.html
The state spent $16.25M on a vacant suburban hellscape office building instead of renting space in the cheapest office market in the metro area while providing workers with better amenities while stimulating the state's economy more.
Why does it feel like everything is going to sh*t these days? Completely brain dead decisions such as as this one that have been happening for years.
Can't call yourself fiscally responsible while making decisions like this.
The state spent $16.25M on a vacant suburban hellscape office building instead of renting space in the cheapest office market in the metro area while providing workers with better amenities while stimulating the state's economy more.
Why does it feel like everything is going to sh*t these days? Completely brain dead decisions such as as this one that have been happening for years.
Can't call yourself fiscally responsible while making decisions like this.
