Update on our story from last Wednesday: After a phone conversation with WhoLou.net editor Geoff Whittington, we are strengthened in our conviction that the 700 Market Street building, the former headquarters of the GenAmerica Insurance company, will be developed into a hotel and convention center. We have left messages for Harlan Berger of Centaur Development, the owner of the building, and Suzie Apel of Malone Finkle Eckhardt & Collins, the architectural firm linked to this development. They have not yet returned our calls. We will update when we receive further information.
The GenAmerica building, downtown’s post-modern marvel by architect Philip Johnson, was completed in 1975. It is one of the youngest on the National Historic Register. Now being co-redeveloped and marketed as 700 Market by Balke Brown Associates and 700 Market LLC, some $6.5 million dollars in upgrades are planned. Located in the heart of downtown St. Louis, this six-story building offers 128,550 square feet of office space. The building itself has limited parking space but 200 spaces are available in the adjacent Stadium-West garage. It is for sale for $ 9.8 million or for rent at $ 21 per square feet. This would make an excellent corporate headquarters for a creative- or law firm.
The building seems to be in excellent shape and not in need of (other than cosmetic) upgrades, like new carpeting. With its light, open spaces and eccentric floorplans this is truly a gem, waiting for an owner that can appreciate (and afford) the design that might not be the most efficient but certainly breathtaking.