ST. LOUIS – Monday marks move-in day for the more than 850 local employees of Square Inc., who will finally experience their new office in downtown St. Louis after more than a year of working from home .
The San Francisco-based payment processor allows vaccinated employees to work from its new office at 900 North Tucker Boulevard, the former home of the Post-Dispatch. The company left the Cortex innovation district.
Square, founded and run by Twitter CEO and St. Louis native Jack Dorsey, and sister company Cash App will occupy approximately 226,000 square feet over the next 15 years.
The company says its new space can accommodate up to 1,200 employees. It has 300 engineering, sales, operations, design, recruiting and customer service jobs that could be done in the St. Louis area, officials said. Square employed nearly 5,500 people across the company at the end of 2020.
Square is the most prominent company that has moved to downtown St. Louis in recent years. The downtown area has languished over the past decades as it struggled to attract business and has one of the region’s highest office vacancy rates at 19.4%, according to the real estate company Cushman & Wakefield commercial.
“Something our co-founder Jim McKelvey and I always wanted to do was give back to our hometown,” Dorsey said in a statement. “We are so excited to be able to develop Square in downtown St. Louis, and hope others will do the same.”