Kevin Lasater, Clayco's project executive on the construction,tells GlobeSt.com that the building is being constructed to match anew opportunity in the market. "Miller bought the property fromDuke Realty about six years ago and land-banked it," Lasater says."Now, they're shutting down Highway 40/64, a major east-westhighway, for repairs; it will be shut down from 2008-09. A lot ofcompanies in St. Louis are contemplating putting satellite officesin this area, just west of the construction." He adds Clayco canhave the building completed by July 2008.

The building has attracted a few interested parties, Lasatersays. "There was one potential tenant who planned on taking theentire building, but they got bought by another company, and theirplans have been put on hold," he says. "Now, there's anotherpotential tenant that's interested in leasing half of thebuilding." Tripp Hardin with CB Richard Ellis is the leasing agent,and has listed the space at $28.50 per sf.

Lasater says he expects it will cost a few additional milliondollars for tenant retrofits in the building. The brick building,with stone accents, will be three-stories tall, but will have onerecessed level so that from the south it will look like a two-storybuilding, Lasater says. A garden and patio will be constructed inthe sub-level area.