Reimagining 4340 Duncan
Date Posted: May 23, 2019
Posted In: Projects,
The $44 million, 15-month renovation of 4340 Duncan in the Cortex Innovation District is nearly complete, and demonstrates the connection, collaboration and community partnership taking place around innovation and entrepreneurship in the St. Louis region.
BOBB, LLC, an affiliate of Washington University in St. Louis, worked with several key regional stakeholders to bring this historic building back to life, transforming it into an important and strategic component of the Cortex Innovation Community. 4340 Duncan includes 80,000 rentable square feet of state-of-the-art office, lab and modular spaces to help support St. Louis startups in need of affordable, functional space in which to grow and thrive.
The project was conceived as a place to nurture and accelerate businesses in various stages of development; from startup to large-scale organizations. This project is also proof of the catalytic effort underway in St. Louis to support startups along every step of their entrepreneurial journey.
“This was a true team, collaborative effort,” said Henry S. Webber, executive vice chancellor and chief administrative officer at Washington University in St. Louis. “Washington University was pleased to help gather the right partners—both public and private sector—who could help make this transformation happen. We are excited for the niche it fills in the St. Louis startup scene, helping to nurture and accelerate mid-stage companies.”
BioSTL is the anchor tenant at the newly renovated and imagined 4340 Duncan. Its 37,000-square-foot space will allow the organization to expand its mission of cultivating and growing innovative bioscience companies and entrepreneurs. Confluence Discovery Technologies, Inc. an indirect wholly-owned subsidiary of Aclaris Therapeutics, Inc., will occupy more than 20,000 square feet as the exclusive tenant on the 4th floor of the building. Arch Oncology has also leased approximately 6,000 sf in the building for its research laboratory; both companies were launched and supported by BioGenerator, the investment arm of BioSTL, and will continue their research in the BioGenerator Labs until the companies move into the 4340 this summer.