909 Chestnut Street Explained

909 Chestnut
Former Name:One AT&T Center
One Bell Center
SBC Building
Southwestern Bell Telephone Building
Location:909 Chestnut Street
St. Louis, Missouri
Coordinates:38.6277°N -90.1946°W
Status:Completed
Building Type:Commercial offices
Roof:179m (587feet)
Floor Count:44 [1]
Elevator Count:24
Cost:US$150 million
Floor Area:1400000square feet
Architect:Hellmuth, Obata & Kassabaum
Main Contractor:McCarthy Construction, St. Louis, MO
Owner:The Goldman Group
Public Transit: MCT
MetroBus

At 8th & Pine station
References:[2]

The Beacon on Chestnut (stylized as THE BEACON on Chestnut, formerly One SBC Center, One Bell Center, One AT&T Center, and 909 Chestnut) is a 44-story building in downtown St. Louis, Missouri at 909 Chestnut Street on the Gateway Mall. It is Missouri's largest building by area with 1400000square feet.[3] The building is currently vacant.[4]

The building was built to replace the Southwestern Bell Building as the Southwestern Bell world headquarters. However, in a series of mergers, the headquarters moved to San Antonio, Texas and was later renamed AT&T.

In 2006 Inland American Real Estate Trust bought the building for $205 million. AT&T then signed a 10-year lease to be the sole tenant.[5]

When AT&T announced, in 2013, that they would be vacating the building in 12 months and that they would be not be renewing the lease when it expired in 2017, the number of employees in that building had fallen from a high of 4,800 to 2,000 through layoffs, outsourcing and remote work.[6]

The building was ultimately foreclosed by US Bank after AT&T's departure and, on April 25, 2022, the building was sold for $4.05 million to SomeraRoad, a New York–based developer. SomeraRoad later held an auction for the building in December 2023. It was sold an entity tied to the Boston-based Goldman Group for $3.6 million[7] in early April 2024. It is unclear what Goldman Group's plan is for the building at this time.[8]

See also

Notes and References

  1. Web site: One AT&T Center . SkyscraperPage.com . 14 September 2023.
  2. Web site: Emporis building ID 127130 . https://web.archive.org/web/20160307024914/https://www.emporis.com/buildings/127130 . dead . March 7, 2016 . Emporis.
  3. http://stlouis.bizjournals.com/stlouis/stories/2006/09/04/story1.html One AT&T Center on sale block - bizjournals.com - September 1, 2006
  4. Web site: AT&T tower, downtown's massive vacant skyscraper, sells for fraction of previous $200M sale price . 10 May 2022 .
  5. http://stlouis.bizjournals.com/stlouis/stories/2007/01/01/story6.html One AT&T Center bought by Chicago firm for $205 million - bizjournals.com - December 29, 2006
  6. http://www.stltoday.com/business/local/at-t-to-vacate-downtown-st-louis-high-rise-next/article_7f20c54a-5daf-57d7-9efb-ebd52a464364.html AT&T to vacate downtown St. Louis high-rise next year - September 12, 2013
  7. Web site: Heschmeyer . Mark . 10 April 2024 . One of St. Louis’ Tallest Office Towers, Empty for Years, Sells for Less Than 2% of Its Peak Price . live . https://web.archive.org/web/20240411045716/https://www.costar.com/article/642008108/one-of-st-louis-tallest-office-towers-empty-for-years-sells-for-less-than-2-of-its-peak-price . 11 April 2024 . 11 April 2024 . CoStar.
  8. Web site: MSN . 2024-04-11 . www.msn.com.