Tuesday, June 23, 2009

Confluence Academy Takes 120,000 sf Downtown

Charter school Confluence Academy has announced that it will be opening a high school in the Farm Credit Bank Building - most recently known as the TWA Reservation Center - at 310 N. 15th Street. The building is undergoing a $15 million renovation and will be home to 200 students this fall, with enrollment expected to eventually reach 900.

Not only will this location be a good fit for the school, it will also have a significant impact on downtown's Class B vacancy rate. Confluence has signed a 20-year, 120,000 sf lease which will provide approximately $1 million per year to the St. Louis Public Library, the building's owner.

The building currently houses the St. Louis Public Library's administrative offices and McCormack Baron Salazar. The library's 125 employees will relocate to another location within the building complex, and McCormack Baron Salazar is looking for 30,000 sf elsewhere downtown.

Confluence is the second charter school to sign a major lease downtown. In late 2007, the Ethel Hedgeman Lyle Academy signed a full building lease 110,000 sf at 1881 Pine.

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