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After Clearing a $123 Million Loan Loss, St. Louis Tower Awaits Makeover. But Challenges Loom.

Former AT&T Center, Vacant Since 2017, Sold for About $200 Million Below Its Previous Price

The 44-story office tower at 909 Chestnut St. in St. Louis has been vacant since 2017. (Dusty Walker/CoStar)
The 44-story office tower at 909 Chestnut St. in St. Louis has been vacant since 2017. (Dusty Walker/CoStar)

The biggest office tower in St. Louis could be moving closer to a long-awaited makeover after it was sold this year for $4.5 million, an amount so low it led to the second-largest office loan loss ever on the U.S. commercial mortgage-backed securities market.

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