Thursday, August 20, 2015

Office Today, Apts. Tomorrow: Office-To-Residential Conversions Expanding Across More U.S. CBDs

Office Today, Apts. Tomorrow: Office-To-Residential Conversions Expanding Across More U.S. CBDs

A funny thing is happening in downtown markets where empty and obsolete office buildings are being converted into apartments. Companies that wouldn't consider a downtown location back when the space was available are coming back, drawn by the large number of millennial workers who favor a funky downtown address. While office-to-residential conversion has long been popular in revitalizing the downtowns of populous East Coast CBDs, recent proposals by developers to convert older, underutilized office buildings to multifamily housing in such markets as Kansas City, St. Louis, Milwaukee, and Cleveland show that the trend is rapidly expanding into other markets. 


Many former office buildings have already been converted to residential buildings in Downtown St. Louis including: the former General American Insurance Building on Locust, The Marquette Building on Olive, The Paul Brown Building, The Laurel, 515 Olive (partially).  A few more are underway including: the Chemical Building, 720 Olive (partially), 1509 Washington, and the Arcade.  It's possible others will be down the road such as 1706 Washington, the former CPI building, Railway Exchange (perhaps partially) and the LaSalle Buliding.

720 Olive 
1706 Washington, currently for sale
721 Olive, Chemical Building 

Monday, July 6, 2015

World's largest real estate markets and office rental growth

JLL video on global cities
What are the world’s largest real estate markets? Which cities attract the most real estate investment relative to their size? Where are office rents growing fastest? JLL Cities Research Center – uncovering opportunities in cities around the world.

Wednesday, June 3, 2015

Industrious' new office in St. Louis

Industrious (www.industriousoffice.com/locations/stlouis) has just opened it's St. Louis office at 555 Washington, a creative office building that originally was built for May Department Store.

We've created the social office—communities of 1 to 10 person private offices with plenty of common space and coworking for companies to share, socialize, and collaborate.
Our goal? To offer you the privacy you need to be productive, but the community you need to stay invigorated.











Monday, May 11, 2015

A ‘Kids Table’ for Young Office Workers

Inside a New York City firm’s millennials-only seating area, where grown-ups fear to tread

As millennials have become the largest segment of the workforce, companies are seeking ways to make the multigenerational office run smoothly. At one New York City advertising and marketing firm, that means clustering young workers at the office equivalent of the kids’ table.
Last September, Grey Global Group began seating assistant account executives—nearly all a year or two out of college—in an area dubbed “base camp.” The idea, according to the company, is to give entry-level workers a place to forge strong ties and show each other the ropes without irritating their older colleagues.
http://www.wsj.com/articles/a-kids-table-for-young-office-workers-1430818381?KEYWORDS=kids+table

Monday, April 13, 2015

McCormack Baron Salazar's HQ - 720 Olive

McCormack Baron Salazar (mccormackbaron.com) recently relocated to 720 Olive (formerly the Laclede Gas Building) on three of the upper level floors.  Trivers Architects (trivers.com/home) designed the space.  MBS along with Arcturis, on the second level, show how a creative space can be designed within a tower that was completed in 1971, then Missouri's tallest at 30 stories. 

JLL is the leasing broker for the office portion of this building (up to 120,000 SF available).  A portion of the upper floors are being converted to residential apartments by Brandonview, LLC. 
Leasing rates are only $14.00/ square foot and tenants can easily access Clayton via the MetroLink station directly below the building.  A train leaves the station every 10 minutes for a 20 minute ride to Clayton.

Photos by:
www.aliseobrienphotography.com



 
720 Olive


Monday, March 9, 2015

Top OPPS new space Downtown - Curlee Building

http://moveyour.co/welcome-to-our-workplace/

A new site promoting Downtown St. Louis has an excellent video on Top OPPS' topopps.com/ new office space at the Curlee Building.  Downtown St. Louis will continue to see "graduates" from T-REX and other incubators downtown, move and grow in the CBD.