PARIC surpasses diversity goals for Ballpark Village projects

This spring, downtown St. Louis residents and visitors are noticing the area near Busch Stadium rapidly expand. For instance, the second phase of Ballpark Village has several buildings that are on their way to completion, including the PWC Pennant Building.

PWC Pennant Building

At the beginning of April, the Pennant Building celebrated its "Topping Out" as construction crews lifted the final beam placing it at the top of the structure. Once completed, the PWC Pennant Building will be a ten-story high-rise. The PWC Pennant Building will be the first new Class A office building to be constructed in downtown St. Louis in almost 30 years. The 117,000 sq. ft. building will also include a below-ground parking garage, street-level retail, restaurants, and additional entertainment space.

Other Ballpark Village Phase Two projects include the 29-story luxury One Cardinal Way apartment building, the Live! by Loews luxury hotel, a three-story mixed-use retail structure, and a Field of Dreams outdoor concert venue.

Before raising the last beam at the Topping Out, several local leaders spoke at the ceremony to reporters, future tenants, and tradespeople. Howard Hayes, PARIC's Vice President of Diversity and Inclusion, was one of the featured speakers.

Minority Participation

Hayes is responsible for ensuring minority participation on these projects meets the goals set by the City of St. Louis. Hayes addressed the audience. "The goal of our MBE/WBE program here at Ballpark Village is to provide maximum opportunity for minority and women-owned firms to participate in all aspects of this project. We recognize the need to mentor and grow strong, independent MBE/WBE vendors, and to enhance their prominence in our industry."

Hayes shared how PARIC is exceeding the goals set forth by the City of St. Louis. Above all, out of $169 million of total contract work to date, 32.3% are being completed by minority-owned businesses, exceeding the 25% goal.

Similarly, out of the same $169 million of total contracts, 7.8% are being completed by women-owned businesses, exceeding the goal of 5% participation.

View the full article in St. Louis American.

Check out our page on the new PWC Pennant Office Building by clicking here.