The historic Wainwright Building in downtown St. Louis was sold in a government auction for $8.25 million.
According to St. Louis Public Radio, the 234,600-square-foot state office building is one of the nation’s first modern skyscrapers. The 10-story office building was designed by the prominent architect Louis Sullivan and opened in 1891. Frank Lloyd Wright hailed the Wainwright Building as “the very first human expression of a tall steel office-building as Architecture.”
The property, which houses state offices, is listed as a national historic landmark and was added to the National Register of Historic Places in 1968.
Arch to Park Equity LLC, a real estate fund coordinated by Greater St. Louis Inc. acquired the property in a GovDeals auction held on Aug. 29.
“As part of our ongoing efforts to revitalize Downtown St. Louis, Arch to Park Equity Fund LLC is pleased to partner with the State of Missouri to ensure that one of the most architecturally significant buildings in Downtown St. Louis will be preserved for future redevelopment,” said Dustin Allison, chief real estate investment officer, in a statement. “We look forward to working with the City and Downtown partners on a plan to develop the Wainwright Building and to continuing our partnership to revitalize Downtown and make it the safe, vibrant, and beautiful neighborhood at the heart of our metro.”
Photo: w_lemay / Flickr Creative Commons
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