Duncan Biotech Center (the “Project”) is the substantial rehabilitation of The Post-Dispatch Rotogravure Building (also known as the Crescent Parts Building) (the “Building”) which is a 4-story building located in the heart of the Center for Research Technology and Entrepreneurial Exchange Innovation District (“Cortex District”) in St. Louis, Missouri. The Cortex Innovation Community plans a $44 million multi-tenant renovation of the historic printing plant most recently known as the Crescent Building at 4340-50 Duncan Avenue. With a recommendation from the St. Louis Development Corporation, the City’s Tax Increment Financing Commission is expected to approve a $5 million TIF for the project at its meeting today. Plans call for 96,000 square feet of affordable laboratory, shared lab, and creative office space. Users will include the district’s graduating incubator and accelerator tenants. The vacant concrete and brick structure is adjacent to the modern DuPont building on the block west of Cortex Commons.
