Professional Documents
Culture Documents
Louis
Purpose
Objective, multidisciplinary advice on land use and real estate
issues developed over the course of one and a half days
ULI St. Louis members from across the region volunteer their
time to participate as panelists
TAP Members
Panel Chair
Chip Crawford, Forum Studio
Panel Members
Andy Trivers, Trivers Associates
John Shreve, Populous
Tyler Meyr, Forum Studio
Wendy Timm, Enhanced Value Strategies, Inc.
Larry James, Faegre Baker Daniels LLP
Hank Webber, Washington University
Technical Writer & ULI St. Louis District Coordinator: Kelly Annis
Panel Work Day: May 7, 2015
Context
Transportation & Transit:
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Context
MX & 600 Washington: new restaurants (2)
Mercantile Library bldgs: empty, 250,000 sf (5)
Gallery at 515: 102 new apts (6)
LaSalle bldg: empty, 37,000 sf (7)
Met Square: Office, needs retail (8)
Surface parking: RX owner (9)
Macys Garage: RX owner (10)
720 Olive: 111 apts planned (12)
705 Olive: plans for boutique hotel (13)
Chemical Bldg: 1 sm tenant, plans stalled, 135,000 sf (14)
Former Hamilton Jewelers: restaurant under construction (15)
Americas Center: plans for coffee shop (16)
Laurel: Natl Blues Museum, restaurants (17)
555 Wash: new restaurant (18)
505 Wash: empty, 45,000 sf (19)
Marquette Bldg apartments to condo (25)
Kiener East Garage contemplating improvements (31)
Kiener West Garage contemplating improvements (32)
Arcade under construction, 282 living units, Webster U (35)
Tower at OPOP new residential & restaurant (39)
Orpheum Theater empty, 35,000 sf (41)
Renaissance Hotel renovating (42)
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Panels Charge
1. With a number of potential uses
under consideration for the
redevelopment of the Railway
Exchange Building, what is the best
possible use or mix of uses that
should be pursued to transform the
building into a healthy place and a
destination for downtown St. Louis?
2. Based on the findings related to
Question 1, what are the most
viable capacities for the proposed
uses?
Stakeholder Meetings
City of St. Louis
SLDC, Urban Planning
Civic Leaders
Regional Chamber, Civic Progress
CVB, CityArchRiver
Economic Development Partnership
Real Estate & Business Owners
Developers
Business Owners
Technology Companies
Consultants
T-Rex Interviews
TAP Recommendations
Overall Observations
Difficult challengeIncredible scale
No one solutionbut solutions of solutions
Multi-dimensionalPhases of phases
Critical for our regions success
Attract and retain talent
Re-brand the experience
Amazing architecture and opportunity for great design
Need to build-in flexibility to adapt and evolve
Design matters
A destination and a gateway
the Railway Exchange Building
1]
2]
3]
4]
5]
6]
7]
8]
9]
10]
Incredible scale
Multi-dimensionalPhases of phases
Critical for our regions success
Build community/Drive jobs
Opportunity to re-brand
Appeal to many champions
Radical partnerships
7] Mix It Up
Ensure a variety of uses
Incentivize the mix
Remove regulatory barriers
Rethink parking
Celebrate diversity
Needs to be super cool
Leverage this key location in downtown
Opportunity to do something really different and unique
Building Programming
21 Floors
1.2 million
Square Feet
1000
Parking
Spaces
Floor 21
Hotel Ballroom, Pool,
Sky Bar, Restaurant
Floors 14 20
Residential
200 250 units
Shared amenities with hotels
(pool, restaurant, fitness facility)
Floor 12 13
Hotel Extended Stay
Shared amenities for all hotels
(pool, restaurant, fitness facility)
Floors 9 11
4 Star Hotel
100 125 rooms
Shared amenities for all hotels
(pool, restaurant, fitness facility)
Floor 7 8
Boutique Hotel
21C or similar
Shared amenities for all hotels
(pool, restaurant, fitness facility)
Floors 3 6
Innovation Office Space
Cortex2, Gifted Space
Studio space, film production, maker space
Design center/hub, drone port
Floor 2
Sports zone/fitness
Restaurant
Learning Space
Floor 1
Food marketplace
Playground
Restaurant
Retail Walgreens, CVS, Urban Target
Destination Retail design focused
Atrium
Core atrium down and use skylights to bring
light down to lower floors
Basement
Tenant Storage
Studio Space
Garage
Improve and upgrade retail and pedestrian
experience, new skin,
7th Street is priority pull ramp off and add up
ramp in the alley, mid-block
Building Programming
21 Floors
1.2 million
Square Feet
1000
Parking
Spaces
Strategy
Several uses, phased over time may require separate ownerships to share risk
Total cost will exceed $250m and require significant public monies
Risk can be mitigated with gray box condominium ownership
Public spaces = shared building amenities
Sponsorship stacking makes capital stacking of debt, private equity, tax credits and
other incentives more manageable
Sponsorship components can also accelerate velocity of construction and mixeduse occupancy
Explore other community partnerships (Art Museum, etc.) to provide space for
rotating exhibits
Pocket parks within each use/floor cutting back interior space to expose to
outside/environment
Play off Railway Exchange name in branding of the building Idea Exchange
Vertical circulation becomes exposed and visible to the outside.
Thank You