Affordable Housing Developer McCormack Baron Salazar Announces Plans to Relocate to 100 N. Broadway in Downtown St. Louis
McCormack Baron Salazar (MBS) will relocate its corporate headquarters to 100 N. Broadway in downtown St. Louis, the company announced today. Mayor Tishaura O. Jones joined Vince Bennett, president and CEO of McCormack Baron Salazar, for a hard hat tour of the location this week. More than 140 employees who previously worked at the company’s offices at 720 Olive Street will relocate to the new space in the first quarter of 2022. The selection of downtown for the company’s new corporate headquarters reflects its strong commitment not only to downtown St. Louis, but also to the future of the city of St. Louis.
MBS will lease two floors in the office building from Larson Capital Management, LLC, which is in the process of completing $15 million in renovations. The new amenities and upgrades will include a full-scale modern gourmet bistro located on the first floor; a new conferencing facility, accessed by a grand staircase and two elevators, with multiple conference rooms, state-of-the-art AV equipment and high speed WiFi connectivity; a fitness center with new equipment, lockers, showers and a fitness/training classroom; wall mounted bicycle storage; and a tenant lounge with separate seating areas and grab-and-go food and beverage options.
“St. Louis is our home, and we have made an intentional commitment to stay downtown,” said Richard Baron, co-founder and chairman of McCormack Baron Salazar. “We opened our doors here in St. Louis nearly 50 years ago, and our commitment to this city has never wavered. McCormack Baron Salazar believes in cities, in the importance and value of strong urban communities, so we’re proud to be relocating to this beautiful space in a vibrant location downtown.”
“Our relocation to 100 N. Broadway allows us to design our offices to a changing world and embrace a hybrid reality, modified for new practices, technologies and pandemic protocols,” said Vince Bennett, president and CEO of McCormack Baron Salazar. “Our employees are our most important asset, and we look forward to providing them the amenities afforded by 100 N. Broadway as they return to the workplace. We will incorporate industry recommendations including hoteling, as not everyone has to come in all the time, and Zoom does not replace in-person collaboration.”
“St. Louis is glad to see McCormack Baron Salazar recommit to our downtown,” said Mayor Jones. "Downtown St. Louis remains open for business, and we welcome companies who are looking to leverage all of the great assets it has to offer."
“McCormack Baron Salazar will be a great addition to a top-tier building,” said Paul Larson, CEO of Larson Capital Management, LLC. “Along with McCormack Baron Salazar and the city of St. Louis, we’re firmly committed to downtown St. Louis and to the high-quality commercial assets that make it a wonderful place to work and thrive.”