Green Street officially unveiled its design plans for a $47.1 million redevelopment of the old Armory building in Midtown, St. Louis.
The new building will centered around a three-story office facility with floating conference rooms built into the original atrium, offering stunning views of the historic, 90-foot high interior space. Other highlights include a rooftop green space, a spa and wellness center, and nearly 200 parking spaces on the building’s basement level.
Phil Hulse, Green Street’s Managing Principal, explained that the primary aim of the project is “to turn [the Armory] into not just an office space, but a place you want to go — a place that distinguishes your company on the real estate front.” According to Hulse, a lead tenant has already committed to leasing 30,000 square feet on the Armory’s third floor.
CBRE’s Rick Messey and Dave Randolph will be responsible for leasing the remaining office space. Messey believes that in addition to its incredible design and amenities, the Armory’s location (3676 Market Street) will play a central role in its ability to attract new tenants — especially businesses looking to hire and hold onto Millennial and Gen Z talent. “It’s really in the center of it all, with Cortex to the west, Saint Louis University to the north, the Grove to the south and the Central West End just westward.”
But today’s announcement is just the beginning — future plans are in the works for a 90,500-square-foot building located directly across the street (500 Prospect Ave.) that would include a microbrewery, a 135-room hotel, and a park garage on Grand Ave. with capacity for 300 cars.
All in all, the project is will total $83.4 million. It’s expected to create 700 new jobs and pay out more than $33 million. Construction is expected to begin in August with a tentative completion date of April 2019.
Read the full story in the St. Louis Business Journal.