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Developer Pumps $18M-Plus in Downtown Rehab

ST. LOUIS-Conrad Properties is investing $18.5 million into the renovation of the six-story Cupples Station #1.

By Dana Dubriwny | Updated on June 18, 2006

ST. LOUIS-Conrad Properties, based in Clayton, is investing $18.5 million into the renovation of the six-story Cupples Station #1 building at 1000 Clark St. in Downtown St. Louis. Teaming with Conrad is equity partner Rodgers Townsend, which will occupy 50,560 sf on floors three through six of the 78,240-sf building originally occupied by Hammermill Paper Co.

Kevin Kloster, president and chief executive officer of Conrad Properties, says the building’s architectural character and a mid-size floorplates make the property ideal to the CBD submarket. He notes that the site is within two blocks of Busch Stadium, across the street from the Eagelton Federal Building, two blocks from City Hall, three blocks of Savvis Center and two blocks of a MetroLink station. “The property will contribute to a growing destination district,” he says.

Kloster says the street level space, which includes a rear, open-air courtyard, is being presented to various restaurateurs. Also available is 11,000 sf of office space on the second floor.

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