The building at 1500 Washington in Downtown West is under a light rehab ($10,000).
According to the nextSTL forums, the second floor office space will be home to Ignition Tank, a small business incubator for budding entrepreneurs. The first floor will be a shared meeting space of sorts. Follow the link provided to Ignition Tank’s Facebook page, where there are photos of the interior of 1500 Washington under rehab.
Below is an exterior shot of the building from Google Streetview: