Merrill Lynch Centre Plaza in Clayton Shaw Park Plaza
Clayton continues to be the premier business location in the region. It is the hub of the St. Louis metropolitan area, the seat for St. Louis County and is considered the area‘s second downtown. Confidence in the viability of the Clayton office market is substantiated by plans from businesses and developers to build new commercial and residential developments.
The real estate community believes that this is a testament to the strength of Clayton’s underlying fundamentals: its enviable location as the geographic center of metropolitan St. Louis, an abundance of on and off-site parking, competitive lease rates, and unique and vibrant retail components. Commercial realtors recognize Clayton's intent to support quality, not quantity, in its process for approving developments. They say that Clayton is the region's most cosmopolitan area with an outstanding quality of life. In fact, "quality" has become Clayton’s trademark in every respect.
Newer Developments
Mark S. Mehlman Realty opened The Crescent, a nine story, $40,000,000 mixed-use development, on the north side of Carondelet Plaza across from the Plaza in Clayton. The Crescent features 72 luxury condominium units, approximately 26,000 square feet of ground level retail space and 259 parking spaces. The building is designed to follow the curvature of Carondelet Plaza around the fountain and sculpture, Still Point, adjacent to the Plaza in Clayton and The Ritz-Carlton, St. Louis. In addition to continuing the City‘s streetscape design, the project will include a 15‘ bronze sculpture by Gerard Tsutakawa.
With the completion of DeMun Pointe, 27 condominium units were added to Clayton‘s residential inventory. The $13.9 million, 3 1/2 story project was built by Opus Properties Development at 6447 Clayton Road. It offers 27 condominium units at a wide range of prices and 9,000 square feet of ground floor commercial space. DeMun Pointe is Clayton‘s first green mixed-use building. It was built according to Leadership in Energy and Environmental Design (LEED) standards and pledges to be Clayton‘s first LEED certified building.
Under construction
Centene Corporation offices are currently located at 7711 Carondelet Avenue. Their new campus-style development, Centene Plaza, covers approximately the half block bounded by Forsyth Boulevard, Carondelet Avenue and Hanley Road on the east. It includes approximately 560,000 square feet of office space, 30,000 square feet of retail and a parking facility. The project should also bring about 800 new jobs to Clayton. Plans include a pledge to build the project according to LEED (Leadership in Energy and Environmental Design) standards.
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The Cross County Extension of MetroLink, the region's lightrail system, opened in August 2006. From the Forest Park Parkway passenger station at the northeast corner of the central business district, the route continues through downtown Clayton and turns south on its way to Interstate Highway 44. The Central/Shaw Park MetroLink passenger station located in the heart of the business district connects by walkway with the new Shaw Park Garage & Transit Center, St. Louis County's eight-level, 1,284 space parking facility along Shaw Park Drive between Meramec and Central Avenues. Described as an inter-modal facility, the Shaw Park Garage & Transit Center serves as the hub for Bi-State bus and MetroLink passengers. MetroLink riders can park their cars in the new garage/transit center, then ride MetroLink to St. Louis area businesses and attractions. The Cross County MetroLink Extension and two Clayton passenger stations facilitate travel throughout the Metropolitan area and increase Clayton’s viability as the area’s "second downtown" and its position as the most desirable business location.
SummarySuper A Class office market, its central location, immediate access to major thoroughfares and the region's lightrail system are some of the attributes that solidify Clayton’s status as the most desirable business location in the St. Louis area. Residential and business citizens throughout the metropolitan area recognize the outstanding quality of life that has become Clayton’s trademark.