Technology incubator T-REx has purchased the Lammert building in downtown St. Louis to provide more co-working space for startups, accelerator programs and venture capital firms. T-REx — short for technology regional entrepreneur exchange — has grown to more than 70 startups, accelerator programs and venture capital firms with leased space in the Railroad Exchange Building since it launched in September 2011. The Railway Exchange Building previously was home to a Macy’s department store and corporate employees on upper floors, before Macy’s vacated the downtown building this year.
Backed by the Partnership for Downtown St. Louis, the St. Louis Regional Chamber and the city of St. Louis, T-REx offers subsidized office space for startups to help spur job creation. Rates go for as little as $80 a month for an office chair and Internet access, and the ability to work alongside other emerging businesses. Now T-REx is moving to accommodate growth. The relocation to the Lammert building, a few blocks away, will allow it to add up to 50 more companies and add 240 jobs over the next five years.