Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ST. LOUIS-Robert Woods Realty, based here, has recently seen the completion of its renovation to the Tudor building here, which covers the 1900 block of Washington Avenue. The property was at one time the Wrought Iron Range Co., an industrial building that has been vacant for more than 20 years. It took $16 million, and some local incentives, to recreate the 104,820-sf building into 64 residential loft apartments and 14 retail spaces.

Tudor Development LP and Tudor Retail Partners LLC are the entities in charge of the renovation of the 83-year-old property, formerly a showroom for the stove maker. The Paric Corp. was the design-build contractor on the project. Tim Vaughan, project manager with Paric, tells GlobeSt.com that the building was in pretty bad shape at the start. “We’ve been doing a lot of redevelopment projects like this in the Downtown,” he tells GlobeSt.com. “This is actually our fourth project like this in this area. It’s all part of the revitalization of the downtown, and should help bring retail to this section as well.”

The property has about 60% of the apartments already signed. The rental rates will range from $533 for a one-bedroom to $811 for a two-bedroom. The retail units will rent for around $13 per sf, modified gross.

Paric was able to keep many of the building’s original features in the redevelopment, including the original brick interior walls, polished concrete floors, and tin ceilings for the retail units. A number of architectural elements were fabricated to match the original woodwork. Restoration and remediation helped the project earn historic tax credits and brownfield incentives.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.