BJC Commons*

St. Louis, MO

CORTEX is a several hundred-acre bioscience and technology research hub in midtown St. Louis. Founded in 2002 with a $29 million investment from founding partners Washington University in St. Louis, BJC HealthCare, University of Missouri-St. Louis, Saint Louis University and the Missouri Botanical Garden, CORTEX has the goal of bringing well-paying, sustainable technology, bioscience and healthcare jobs, back to the core of the City.

In 2012, two of CORTEX’s founding partners, Washington University in St. Louis and BJC Healthcare, recognized a need to consolidate existing administrative offices that were currently spread across their medical center campus.

The $45.6 million, 200,000 square foot BJC HealthCare Administrative Office Building, called “BJC Commons” is in an underdeveloped, blighted section of CORTEX, where it has the most impact on the surrounding area. With rigorous sustainability standards, the facility’s architecture complements the existing buildings in CORTEX and extends the impact of the hub further into the disinvested community.

MBS Urban Initiatives CDE funded a $9,800,000 qualified low-income community investment (QLICI) in the BJC Administrative Office Building. These proceeds were combined with a $4.8 million QLICI from St. Louis Development Corporation and leveraged $31 million in equity from BJC Healthcare.

This institution is an equal opportunity provider.


Quick Facts 

Project Goal: Support the construction of a healthcare office building in a severely distressed neighborhood in St. Louis that will bring jobs to the disinvested community, serve as a bridge to connect low-income residents to healthcare opportunities, and bring higher-income employees and students and their dollars to support local businesses.

Total Development Costs: $45,643,522

Square Footage: 200,000

Developer: BJC Healthcare

Tax Credit Investor: U.S. Bancorp Community Development Corporation

NMTC Qualified Low Income Community Investment: $9,800,000

Other Key Project Financing: CH Allied Services, Inc., St. Louis Development Corporation, BJC HealthSystem

Construction Jobs: 250
(20% are low-income persons or residents of low-income communities)

Permanent Jobs: 800

Investment Date: October 2012

Opening Date: October 2013