St. Louis Cardinals, Cordish Companies celebrate $260 million construction milestone on Ballpark Village expansion
The St. Louis Cardinals and the Cordish Companies celebrated a major construction milestone of the $260 million expansion of Ballpark Village with a traditional Topping Out Ceremony of the Class-A Office Tower – The PwC Pennant Building – to mark the completion of the exterior structure of the building.
Anchored by PwC, one of the largest and most prestigious professional services firms in the world and longtime major employer in downtown St. Louis, the PwC Pennant Building will open this summer as the first new construction office building built in downtown St. Louis in more than a generation. The 11-story tower is part of a dynamic plan by the Cardinals and Cordish to transform Ballpark Village into a vibrant 24/7 neighborhood for downtown St. Louis.
The St. Louis Cardinals and the Cordish Companies joined their construction partners, PARIC Corporation, civic and community leaders and executives from PwC and ButcherJoseph & Co to celebrate a major construction milestone today of the $260 million expansion of Ballpark Village with a traditional Topping Out Ceremony of the Class-A Office Tower – The PwC Pennant Building – to mark the completion of the exterior structure of the building.
"All winter long we've watched this project rise from the ground," said Bill DeWitt III, President of the St. Louis Cardinals. "Giving the Class-A Office Tower an official name – The PwC Pennant Building – and celebrating with a Topping Out Ceremony is a meaningful way to mark this construction milestone."
"It is extremely exciting for The Cordish Companies to join our partners, the Cardinals, in celebrating this major construction milestone for the expansion of Ballpark Village and recognize the hard work and skill of our construction partners, PARIC Corporation," said Nick Benjamin, Vice President of Development for The Cordish Companies. "Today's Topping Out celebration continues the momentum of the second phase of Ballpark Village which will begin opening this year with The PwC Pennant Building."
Located at the corner of Walnut and 8th Streets, The PwC Pennant Building will anchor the west end of Cardinal Way, the new street that will emerge through the new neighborhood from 8th Street to Broadway. The office tower, designed jointly by HKS Architects, Hord Coplan Macht (HCM) and Tao & Lee and constructed by PARIC Corporation, will feature street level retail, modern office amenities and more than 460 structured parking spaces. In addition, PwC will have a private rooftop deck providing incredible views of Busch Stadium, downtown St. Louis and the Gateway Arch.
"We are very excited to be part of Ballpark Village and look forward to the continuing development of downtown St. Louis," said John Tvrdik, Managing Partner of PwC – St. Louis Office. "Ballpark Village will offer an incredible location and great amenities for our team members in the heart of this exciting new neighborhood."
The construction of Ballpark Village's expansion represents the next step in the Cardinals' vision for downtown St. Louisthat began with the opening of the new $411 million privately-financed Busch Stadium in 2006. Located on 10-acres north of Busch Stadium, Ballpark Village is the first master-planned development designed around a new Major League Ballpark. The dining and entertainment district has welcomed over 20 million guests in its first four years.
For more information on The PwC Pennant Building, please visit pwcpennantbuilding.com.