Monday, October 08, 2007

At the Top of My Wish List: Scottrade

Scottrade recently announced plans to nearly double the size of its headquarters in west county, adding a seven-story parking office building and a parking garage adjacent to its current office building. Scottrade's rapid growth - it recently surpassed Charles Schwab in number of offices (309) and expects to have 500 branches by 2010 - is great for the St. Louis region and its status as a financial services hub.

Of course, there's nothing I'd like to see more than to have downtown regain its status as the region's financial center. Having Scottrade take on 400,000 square feet of space downtown would not only go a long way towards re-establishing downtown's financial district, it could provide huge visibility for a firm that has done a great (and aggressive) job of promoting itself in recent years. So don't get me wrong, I am very excited about Scottrade's growth and success, I just see their decision to expand in west county as a bit of a missed opportunity.

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