The trust is providing $63 million to the mixed-useredevelopment of the Missouri Pacific/Union Pacific headquarters at210 N. 13th St, to be called Park Pacific. The developer, ParksideTower LLC, is working on a $98 million reuse project that willconvert the 24-story property into 230 residential units, retail,offices and a new parking facility.

The other $45 million from the trust will be used for theresidential portion of the Laurel development, which includes theredevelopment of the Dillard's department store in the downtown.The 205-unit Laurel, which will also have retail and hotel rooms,is part of a $165 million mixed-use project that is still trying togain its legs following the recession and a former developer,Pyramid Cos., declaring bankruptcy.

Ted Chandler, COO of the trust, tells GlobeSt.com that while hismain job is to gain a good return for investors, the trust'ssecondary mission is to help provide construction jobs to thestruggling industry. St. Louis officials say that the constructiontrade is suffering from about 40% unemployment.