PARIC surpasses diversity goals for Ballpark Village projects
This spring, downtown residents and visitors are noticing the area near Busch Stadium rapidly expand. Several buildings part of the second phase of Ballpark Village are on their way to completion, including the PwC Pennant Building.
At the beginning of April, the Pennant Building celebrated its "Topping Out" as construction crews lifted the final beam to be placed at the top of the structure. Once completed, the Pennant Building will be a ten-story highrise with 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 the last beam was raised at the Topping Out, several local leaders spoke at the ceremony to reporters, future tenants, and tradespeople. One featured speaker was Howard Hayes, PARIC's Vice President of Diversity and Inclusion.
Hayes is responsible for ensuring minority participation on these projects meets the goals set by the City of St. Louis. Hayes addressed the audience saying that "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. Out of $169 million dollars of total contract work to date, 32.3% are being completed by minority-owned businesses, exceeding the 25% goal.
Out of the same $169 million dollars 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.