1015 Locust Street

1015 Locust is located in Downtown St. Louis in the center of the region’s primary convention, sports, and entertainment corridor. The location offers strong walkability and access to Downtown’s dining, hospitality, and civic amenities, supporting both office leasing and urban residential demand. Downtown has seen meaningful, targeted public and private investment focused on improving connectivity, increasing event-driven visitation, and adding new residential density. These initiatives are strengthening the long-term case for adaptive reuse and value-oriented office space in the urban core. Notable momentum and large-scale projects in and around Downtown include: - America’s Center Convention Complex (AC Next Gen) expansion and modernization completed in early 2025 (approximately $240M), including a new exhibit hall and improved event infrastructure. • Next NGA West (N. St. Louis): ~$1.7B federal campus at Cass Ave & N. Jefferson Ave, expected to bring ~3,150 employees (move timeline cited as 2026) and located approximately 1.4 miles north-northwest of 1015 Locust • 7th Street corridor improvements completed in 2025 connecting Ballpark Village to Washington Avenue and America’s Center, with widened sidewalks, upgraded lighting/landscaping, and protected bike lanes. • Gateway Arch Park Foundation selected The Cordish Companies for a $670 million redevelopment of the former Millennium Hotel site at the Gateway Arch edge, designed to improve pedestrian connections between Downtown and the Arch grounds. • Construction began in 2025 on the conversion of 1001 Locust Street into approximately 60 apartments, underscoring momentum for office-to- residential repositioning in the immediate area. • Several blocks to the West, the new St. Louis MLS stadium, officially named Energizer Park (formerly CityPark and Centene Stadium), was completed in November 2022. The total construction cost for the stadium was approximately $457.8 million. Recent economic indicators also point to improving Downtown activity: consumer spending across the three ZIP codes that comprise Downtown exceeded $1.8 billion in 2024, the highest level since 2015. Combined with ongoing public-private reinvestment and conversion activity, the area offers a compelling backdrop for buyers seeking both current yield and long-term repositioning upside.