May 17, 2018
City Foundry STL is pleased to announce the addition of two office tenants to its roster of signed leases. Digital publishing and technology firm Multiply and DNA technology company Orion Genomics have recently executed leases to move their operations to City Foundry STL. The two companies will occupy 30,000 square feet and add almost 100 employees to the development.
Multiply is a premium digital publisher and analytics platform that develops, acquires, and invests in digital brands led by subject-matter enthusiasts. Currently, Multiply operates three premium digital publications: HealthyWay, FashionBeans, and Urbo; in addition, the company is actively expanding its brand portfolio. “With our investment in our team and rapid growth, it was critical that we establish our headquarters in a development that shares our culture of innovation,” said Rich Dredge, Multiply’s CEO. “We’re thrilled to be part of the City Foundry, amongst others who share our passion to innovate.”
Orion Genomics is a global DNA technology and molecular precision agriculture company with headquarters in St. Louis, Missouri, and subsidiary companies based in Kuala Lumpur, Malaysia and Jakarta, Indonesia. Orion’s products and services are impacting how the world is feeding, fueling and healing itself. Orion was recently featured in the New York Times, the Guardian, the scientific journal Nature, and by the BBC’s Digital Disruptor video series for its work in increasing global food production while potentially improving the lives of millions of farmers in the developing world.
“Moving our headquarters to the Foundry, an exciting and innovative space, was an easy decision,” said Nathan Lakey, president and CEO of Orion. “The Foundry offers a food hall filled with trendsetting restaurants, creatively designed tenant work space and is located within the city’s Cortex innovation district.”
“We are excited that two more technology tenants have been added to the City Foundry’s client list,” says Dennis Lower, president and CEO of Cortex Innovation Community. “Both of these expanding companies add to the growing critical mass of creative tech enterprises in the Central West End and Midtown neighborhoods. It is essential that Cortex startups have proximate space to grow as they gain traction in the marketplace. The success of the City Foundry is vital for the continued development of the Cortex Innovation Community and the City of St. Louis.”
“These are the type of dynamic, growing companies that are seeking to be a part of City Foundry STL and the greater Cortex Innovation Community. They represent the types of knowledge economy businesses that are putting St. Louis on the national map as a hub for innovation,” according to Steve Smith, developer of City Foundry STL. “We have several more office tenants that we expect to sign in the next 60 days that will completely fill up our Phase 1 office space. The demand has been very strong.”
City Foundry STL has previously announced leases by several national entertainment and restaurant operators including Austin-based Alamo Drafthouse Theaters, Denver-based Punch Bowl Social and Tulsa-based Fassler Hall. Work is expected to start this summer with completion occurring in the second half of 2019. S.M. Wilson is the construction manager, and Lawrence Group is the architect on the $187 million development.