One City Center (St. Louis) Explained

One City Center
Location:515 North 6th Street, St. Louis, Missouri, United States
Coordinates:38.6303°N -90.1899°W
Status:Completed
Building Type:Office
Roof:375feet
Floor Count:25
Public Transit: MCT
MetroBus

At Convention Center

One City Center (also called 600 Washington, St. Louis Centre, and sometimes spelled One City Centre) is an office tower complex and former shopping mall in St. Louis, Missouri.The 25-story office tower is the ninth-tallest habitable building in St. Louis at a height of 375feet. The mall was four stories with a green, white, and glass façade. When the mall opened in 1985, St. Louis Centre was the largest urban shopping mall in the United States, with over 150 stores with 20 restaurants in 1500000ft2.[1] The $95 million[2] complex was originally to be developed by the May Company and called May Mall, but development for the mall was given to the Simon Property Group.St. Louis Centre opened in 1985, with anchor stores Famous-Barr at one end and Dillard's at the other. The anchor location of Famous-Barr was the company's flagship outlet and also contained that company's corporate offices, and the corporate headquarters of the May Company. The Dillard's location was once the flagship, and headquarters of Stix, Baer and Fuller, with that chain being sold to Dillard's just as mall construction commenced. The mall was initially popular and featured national chain stores.As the 1990s progressed, the mall faced challenges with the redevelopment of the former Westroads Shopping Center into the St. Louis Galleria. By the mid-1990s, Dillard's converted its location into one of its clearance stores, and no longer carried regular day-to-day merchandise, this location closed for good in 2001.[3] [4] In 2006, the almost-vacant "dead mall" closed,[5] and was bought by The Pyramid Companies and was planned to be turned into condominiums and retail space, though the plan was never realized,[2] as Pyramid closed in 2008 due to financial troubles.[6] The mall was foreclosed in 2009 by lender Bank of America and later bought for $12.7 million by Environmental Operations.[7] In 2009, the building was about 85% vacant, and other developers were trying to raise funding for a renovation of the mall.[8] Plans included a $35 million renovation, turning much of the complex into parking space,[2] as well as a $29 million project to attract tenants to the center's office tower.[8] The project, led by investor Stacy Hastie, includes plans for local law firm Lewis, Rice & Fingersh and accounting firm LarsonAllen LLP to move into the building. Earlier, the Missouri Development Finance Board had approved a $5 million loan for the project.[6] In May 2010, work began to convert part of the building into a 750-car parking garage and retail/entertainment complex called Mercantile Exchange.[9] [10] The skybridges to the Famous-Barr Railway Exchange Building (St. Louis) and the former Stix, Baer and Fuller / Dillard's store (now referred to as The Laurel Building) have now been demolished to open up Washington and Locust streets.

Notes and References

  1. Web site: Bulletin Journal - Google News Archive Search.
  2. News: St. Louis Centre: New parking, retail. Brown. Lisa R.. St. Louis Business Journal. 12 February 2010. 25 October 2009.
  3. Web site: One City Center. https://web.archive.org/web/20110604192254/http://www.emporis.com/application/?nav=building&lng=3&id=1citycenter-streetlouis-mo-usa. dead. 4 June 2011. Emporis.com. 9 February 2010.
  4. Web site: One City Center. SkyscraperPage.com. 9 February 2010.
  5. News: Steffen buys St. Louis Centre for $9.1M. Brown. Lisa R.. 30 August 2006. St. Louis Business Journal. 16 February 2010.
  6. Web site: Foreclosure sale prods One City Centre renovation. Bryant. Tim. 4 February 2010. St. Louis Post-Dispatch. 16 February 2010.
  7. Web site: Presbyterian Manors Secures $179M for Development. Hinderer. Katie. GlobeSt.com. 12 February 2010. https://web.archive.org/web/20100222013904/http://www.globest.com/news/1598_1598/chicago/183541-1.html. 22 February 2010. dead.
  8. Web site: State board gives first OK to $5M loan for One City Center. https://archive.today/20130203052534/http://interact.stltoday.com/blogzone/building-blocks/uncategorized/2009/10/state-board-gives-first-ok-to-5m-loan-for-one-city-center/. dead. 3 February 2013. Logan. Tim. St. Louis Post-Dispatch. 12 February 2010.
  9. Web site: Party planned as downtown St. Louis skybridge falls to wrecking ball. 20 May 2010. 27 May 2010. AP. Belleville News-Democrat. The McClatchy Company.
  10. News: Downtown St. Louis' biggest eyesore to come down. Brown. Lisa R. 16 May 2010. 27 May 2010. American City Business Journals, Inc. St. Louis Business Journal.