Syndicate Building

Saint Louis,
MO
(2013)

Syndicate Building

Historic Rehabilitation, Manufacturing, Mixed-use

Renovation of the Old Post Office historic district Syndicate Building.

Investment

NMTC Amount: $18,510,264
Total Project Cost: $23,366,026

IMPACT

66 FTE jobs
5 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

Greenline Ventures

Investor

US Bank

Project Description

The Old Post Office historic district of downtown St. Louis is the site of revitalization projects, including the Syndicate Building considered a key, cornerstone; historic building that was in a state of advance deterioration. In fact, the condition of the building and potential threat it posed for the future of the surrounding buildings caused the City’s Land Clearance for Redevelopment Authority to purchase the property in 2002.

Turning this problem into a revitalization opportunity the CDE, Valued Advisor Fund (VAF) provided a 1 percent NMTC loan of $2.19 million in partnership with local CDFI, the Central Bank of Kansas City for the market rate units and commercial space portion of this ambitious project.

MAP

Address: 3728 Market Street, Saint Louis, MO 63110

Census Tract: 29510118600

PDF Profile

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