Yes, that's right, biggest tower in St. Louie owned by at&t to to auctioned off. Probably for pennies on the dollar, been vacant since 2018. This albatross was a big mistake by SWBT, these stinkin phone companies sure knew how to throw money away. Never really needed this wasteful building, especially in St. Louie!
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Getting rid of unneeded assets.
St. Louis is a safe business environment for many businesses in a major high rise like this with security and garages and the police department nearby. St. Louis is not a safe business environment for gas stations and sandwich shops at 2am. St. Louis att work environments (2 high rises to choose from) are incredibly clean, well kept, quiet, and beautiful inside. Traffic is easy going from anywhere but highway 40. Concerts, baseball games, hockey, soccer, aquarium, bars, great food…
Dallas, Atlanta, Chicago att building areas and traffic are nightmares, with exception of Alpharetta in a 20 min radius. Can’t get the ur--e smell and fecal stains out of some of the Dallas corners.
Same thing with Ameriech building in Hoffman Estates. They bled that cash years ago
Can they do that?
But ma hub.
It's not on by AT&t. They sold it years ago. Then they leased the space and then they vacated the space and left a few years ago. So other than a few old white pages. There's probably nothing to do with AT&t and there at all anymore.
Att hasnt owned this building for awhile, they rented it for a long time after selling it and moved out 5 years ago. it's now a graffiti wasteland that employees have to past to go from 1010 building to the 801 building
The building was SWBT headquarters before Ed moved HQ to San Antonio.
It was a nice building, unfortunately St Louis doesn’t have enough corporations to have demand for commercial space.
That building will be turned into condos/apartments.
St. Louis is sadly a very unsafe business environment.
Cha-ching
can they do that?
So not owned by 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]