Big news: After considering a move to Clayton, Wellpoint has announced that it is staying downtown at the building it owns at 1831 Chestnut.
Bigger news: They will be moving 300 employees from its HealthLink division downtown from Creve Coeur!
Wellpoint will be receiving a 10-year tax abatement on its building as part of $4.5 million in improvements it is planning.
It's always great when an employer makes a commitment to downtown St. Louis; it's even better when it brings new jobs with it! With the loss of Macy's Midwestern HQ, Armstrong Teasdale, Husch Blackwell, etc., retaining and attracting jobs is of critical importance to downtown at this junction.
The additional workers should be great for Downtown West restaurants and retailers. I would LOVE to see a tenant move into the vacant Sherwood Medical Building a block away at 1915 Olive to really help give that area critical mass.