CHESTERFIELD, MO/March 14, 2017 (STLRealEstate.News) This spring, a Marriott TownePlace Suites is slated to open in a new location in Chesterfield’s Blue Valley development. The 112-room all-suite hotel will be located near the St. Louis Premium Outlets, south of Interstate 40/64 near Chesterfield Airport Road. The hotel will be on Blue Valley Avenue between Brasher Street and Premium Way.
The new TownePlace Suites is in the heart of recently-opened retail outlets such as a 60,000 square foot Gander Mountain, a 55,000 square foot Burlington store and a 20,000 square foot Cavender’s Boot City.
Hotel amenities include an indoor swimming pool, large meeting spaces and extended stay options for travelers or recent transplants to the St. Louis area. Guest suites accommodate up to six guests and include studio, one bedroom and two-bedroom floor plans.
Extended stay hotels are a highly profitable segment of the hospitality market and nearly all hotel chains are expanding into construction of all-suite hotels.
So far, St. Louis has two other TownePlace Suites locations in Fenton and St. Charles. Construction of Marriott TownePlace Suites is booming nationwide, with 300 hotels opening this year, and a projected 500 new hotels by 2020.
Silverstone Hotel LLC has a franchise agreement with Marriott to construct the Chesterfield TownePlace Suites. Silverstone is owned by KMG Hotels based in Kansas City and operates and manages seven properties including Hampton Inns, Holiday Inns and Candlewood Suites.
The Blue Valley Development will grow to approximately 600,000 square feet of space with the opening of the new hotel. The project is zoned for 1.4 million square feet altogether.
ST. LOUIS, MO/March 14, 2017 (STLRealEstate.News) Microsoft will move its regional offices from Creve Coeur to the Cortex technology district in the Central West End in the summer of 2018.
The software giant will be the anchor tenant for a new $55 million dollar, 180,000-square-foot office and lab complex being developed by Wexford Science and Technology. Microsoft will employ an estimated 150 people at the regional headquarters with sixty of those employees coming from the Creve Coeur location.
Officials of the Cortex Innovation Community say the move shows how the district has become a leader in innovation and technology in the Midwest region. “The new Microsoft Technology Center brings another leading-edge technology resource to St. Louis’ booming innovation community, and its presence adds further credibility to the reality that St. Louis has become one of the leading growth cities for innovation companies,” said Dennis Lowar, president of Cortex.
Cortex was founded in 2002 through a collaboration among BJC Healthcare, the Missouri Botanical Garden, Saint Louis University, the University of Missouri-St. Louis and Washington University in St. Louis. The district was cited by the Brookings Institution as a model of urban innovation districts.
“Opening a new Microsoft Technology Center in the thriving Central West End district is exciting for our company and our customers, as St. Louis continues to support a booming technology scene,” said Ervin Flores, general manager, Mid-America District, at Microsoft. “We are thrilled to support local startups, as well as enterprises large and small, through our work with the Cortex Innovation Community.
MTCs bring together resources to design customized information technology systems for customers. It’s estimated that Microsoft’s investment in the city amounts to more than $50 million in local jobs, facilities and software grants.