The Beacon on Chestnut (stylized as THE BEACON on Chestnut, formerly One SBC Center, One Bell Center, One AT&T Center, and 909 Chestnut) is a 44-story building in downtown St. Louis, Missouri at 909 Chestnut Street on the Gateway Mall. It is Missouri's largest building by area with 1,400,000 square feet (130,000 m2).[5] The building is currently vacant.[6]
The building was built to replace the Southwestern Bell Building as the Southwestern Bell world headquarters. However, in a series of mergers, the headquarters moved to San Antonio, Texas and was later renamed AT&T.
In 2006 Inland American Real Estate Trust bought the building for $205 million. AT&T then signed a 10-year lease to be the sole tenant.[7]
When AT&T announced, in 2013, that they would be vacating the building in 12 months and that they would be not be renewing the lease when it expired in 2017, the number of employees in that building had fallen from a high of 4,800 to 2,000 through layoffs, outsourcing and remote work.[8]
The building was ultimately foreclosed by US Bank after AT&T's departure and, on April 25, 2022, the building was sold for $4.05 million to SomeraRoad, a New York–based developer.[6] SomeraRoad later held an auction for the building in December 2023. It was sold an entity tied to the Boston-based Goldman Group for $3.6 million[9] in early April 2024. It is unclear what Goldman Group's plan is for the building at this time.[10]
See also
References
- ^ "One AT&T Center". SkyscraperPage.com. Retrieved 14 September 2023.
- ^ "Emporis building ID 127130". Emporis. Archived from the original on March 7, 2016.
- ^ "909 Chestnut Street". SkyscraperPage.
- ^ 909 Chestnut Street at Structurae
- ^ One AT&T Center on sale block - bizjournals.com - September 1, 2006
- ^ a b "AT&T tower, downtown's massive vacant skyscraper, sells for fraction of previous $200M sale price". 10 May 2022.
- ^ One AT&T Center bought by Chicago firm for $205 million - bizjournals.com - December 29, 2006
- ^ AT&T to vacate downtown St. Louis high-rise next year - September 12, 2013
- ^ Heschmeyer, Mark (10 April 2024). "One of St. Louis' Tallest Office Towers, Empty for Years, Sells for Less Than 2% of Its Peak Price". CoStar. Archived from the original on 11 April 2024. Retrieved 11 April 2024.
- ^ "MSN". www.msn.com. Retrieved 2024-04-11.
