Key Cortex Developer Leaving Role
Date Posted: August 31, 2016
Posted In: People,
From St. Louis Business Journal: Jerry Crylen, the senior director of development for Wexford Science + Technology, is leaving the company to return to his previous role as managing director of GTE Development Advisors.
For the past two years, Crylen has worked to shape Wexford’s strategy in the Cortex innovation district. He spearheaded the development of the @4240 building, located at 4240 Duncan Ave., which today serves as one of a few key buildings in the region’s innovation community.
The $73 million renovation of the @4240 building was completed in 2014. Since then, the building has lured tenants including the Cambridge Innovation Center, Boeing, Square, AB Mauri and Washington University.
Most recently, he helped shape Wexford’s vision for a $175 million mixed-use development that will be built just east of @4240. That development is expected to be anchored by Microsoft and will also include a parking garage and office building.
The project is part of Cortex’s “3.0” phase, which is expected to cost around $300 million and include a 120-room hotel and 200-unit residential development.
“Shaping the next phase at Cortex by aligning competent developer partners and landing key tenants has been a gratifying experience,” Crylen said in a statement. “Cortex 3.0 exemplifies superior urban revitalization, sets new place-making benchmarks for innovation districts, and will further catapult St. Louis regional development.”
GTE, according to its website, provides investment advisory to select high net worth clients and commercial development partners.