ST. LOUIS, MO/March 14, 2017 (STLRealEstate.News) Microsoft will move its regional offices from Creve Coeur to the Cortex technology district in the Central West End in the summer of 2018.
The software giant will be the anchor tenant for a new $55 million dollar, 180,000-square-foot office and lab complex being developed by Wexford Science and Technology. Microsoft will employ an estimated 150 people at the regional headquarters with sixty of those employees coming from the Creve Coeur location.
Officials of the Cortex Innovation Community say the move shows how the district has become a leader in innovation and technology in the Midwest region. “The new Microsoft Technology Center brings another leading-edge technology resource to St. Louis’ booming innovation community, and its presence adds further credibility to the reality that St. Louis has become one of the leading growth cities for innovation companies,” said Dennis Lowar, president of Cortex.
Cortex was founded in 2002 through a collaboration among BJC Healthcare, the Missouri Botanical Garden, Saint Louis University, the University of Missouri-St. Louis and Washington University in St. Louis. The district was cited by the Brookings Institution as a model of urban innovation districts.
“Opening a new Microsoft Technology Center in the thriving Central West End district is exciting for our company and our customers, as St. Louis continues to support a booming technology scene,” said Ervin Flores, general manager, Mid-America District, at Microsoft. “We are thrilled to support local startups, as well as enterprises large and small, through our work with the Cortex Innovation Community.
MTCs bring together resources to design customized information technology systems for customers. It’s estimated that Microsoft’s investment in the city amounts to more than $50 million in local jobs, facilities and software grants.