![]() You have to figure out how to provide experiences.” A new building has to be different from the one next door. Ray: “The collective experience in the office sector is adding more amenities. The subcontractor market is overloaded - they need more workers.” ![]() Wilson: “Our biggest challenge is being asked for more product. Kaiman: “Our customers are tenants, so the flight to quality is their number-one driver.” If it gets traction, it will change the way we build warehouses.” Wilson: “Automation has much higher construction requirements, so we’ll see taller buildings. Companies are looking to automation because it offers less human error or possibilities of people getting hurt - all industries are increasing automation.” Products delivered to the home with continue to grow (and require large warehouse and distribution facilities). Cost increases for materials and supplies led to a pause. Talley: “We have the land available (that companies need for large industrial uses). Tenants who need smaller space might be left in the dust. Wilson: “We’re finding more mega-sites - they seem to be bigger and bigger. Data also shows property values going up around dispensaries.” Kaiman: “It’s the best thing that ever happened to empty stores. ![]() We need to grow to be more welcoming to national chains.” Talley: “Mixed use is kind of the ‘new black,’ and jurisdictions are mandating it. Ray: “Mixed use is a goldmine for commercial/retail. Wilson: “Store chains are taking a new approach, adding a smoothie bar, clothing for sale, etc., to create a new experience.” The economic development folks have to be out there recruiting for new businesses.” Cities that keep an open mind will benefit. It’s all about how you activate a site and bring people there. The world will continue to evolve in how we work, how we live, how we play.” Kaiman: “There’s no longer a playbook or one size fits all. ![]() There’s a lot of leasing as companies look for smaller office space.” There’s an historic view that the prime downtown tenant is a large law firm that will stay forever, but smaller startup companies are the future. Ray: “Downtown is seeing a nice absorption in startup and early-stage businesses looking for office space needing little improvement. The result is a flight to quality while commercial is seeing a flight to amenities.” It’s more important than ever that people can live in walking distance of their offices.” Wilson: “We continue to see a lot more interest in multifamily and condo properties for sale among empty nesters in Kirkwood, Webster Groves and Clayton. A lot of new product is coming online in St. Kaiman: “Multifamily has been undersupplied for decades zoning, permitting and NIMBY continue to be problematic. Talley: “It is exciting to see midtown coming to life,” said Talley. The Taylor family is doing a great thing with this investment in the city.” Quality developments will bring people back to town. Kaiman: “It’s a great addition to the city that will spur other development in the area. Impact of the new Citypark Soccer Stadium Here are some highlights from the session: The panelists covered a range of CRE topics related to multifamily housing, office, industrial, and retail real estate. St.More than 100 industry professionals attended MetroWire Media's 2023 Market Forecast Summit on Maat the Lodge Des Peres, which featured networking and a panel discussion with Addie Bunting from Wies Offsite as the moderator, and panelists Lauren Talley with Cobalt Construction Consulting, Tom Ray with CBRE, Tom Kaiman with Mia Rose Holdings, and Kyle Wilson with Kadean Construction.Kaleidoscope Center at Centenary United Methodist Church as central referral point for sub 20 degree weather (or 25 and under with precipitation) in lieu of a warming bus.All shelters and spaces with winter/overflow beds remain in continuous, 24/7 operation and provide wraparound services to address underlying needs for unhoused neighbors.Patrick’s Center to keep up to 88 housing unstable families in their homes City-funded homelessness prevention with St.Patrick Center McMurphy Daytime warming center City-funded support for Places for People’s trauma informed outreach program.DHS added two new Client Services Coordinators to expand unhoused operations.
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