Quote:
Originally Posted by Steely Dan
NICE!
45 stories is BIG time tall for st. Louis!
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It's certainly one of the more ambitious proposals to publicly come forward. Downtown St. Louis still has a vacant building problem with the Railway Exchange, AT&T Building (redevelopment plan actively in the works), the old Crowne Plaza Hotel, Chemical Building, the old Municipal Courts, old Police HQ, and the Orpheum Theater. Removing the Millennium Hotel and replacing it with something like this is the best possible outcome on that site. It's something that can't be done with the other properties. My thought is that if Cordish successfully builds this and a 2 Cardinal Way and they fill up, other 'luxury" residential towers will start to be proposed and built in Downtown St. Louis. The office component is the one that raises the eyebrows among people I know in the St. Louis real estate world.