Tuesday, October 20, 2009

Larson Allen Moving to One City Centre


Building Blocks has a great post detailing the ongoing saga at One City Centre.

The great news is that accounting firm Larson Allen has signed a letter of intent to lease 23,000 sf in the 290,000 sf tower. The firm will be moving roughly 100 employees downtown from Town & Country. They will join law firm Sandberg, Phoenix & von Gontard, which currently leases 56,000 sf.

If Lewis Rice makes it official and moves to One City Centre from 500 N. Broadway, it will take 100,000 sf, pushing the building's occupancy rate to over 60%.

While Larson Allen's move to One City Centre likely means that the Lawrence Group's Park Pacific project is dead, it is GREAT to see a growing, successful firm making the move downtown. Congrats to Larson Allen - their employees are going to love their new location.

6 comments:

Chris Cerny said...

So where does this leave the Park Pacific? Obviously One City Center has gained a lot here, but it seemed like LarsonAllen was holding together any hope of this project moving forward. Really sucks as that was absolutely one project I was looking forward to.

Brian said...

^
Me too, but in the grand scheme of things, it's probably best to fill downtown's existing office space first.

Chris Cerny said...

But what about the existing Park Pacific building? That building has been ready to be rehabbed for a long time for mixed use.

Anonymous said...

I have been indirectly involved in the Park Pacific project and Lawrence Group was not counting on Larson Allen to make the project work. Keep in mind 23,000 SF is a very small percentage of the total space. Not to say it will for sure happen, but this is not the nail in the coffin.

Anonymous said...

Park Pacific is not dead. It is, in fact, moving closer to securing financing. No condos now but 200 apartments, office and retail and a garage.

Brian said...

^
That's certainly encouraging to hear. If Park Pacific, The Alexa, The Laurel, One City Centre and the Kiel Opera House can all secure financing soon, we'll have another building boom underway.