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Joint Venture Revitalizes Historic Downtown Building

September 01, 2015
Client Success


When Syndicate Partners LLC took on the redevelopment of the historic Syndicate Trust Building in St. Louis, the project required a law firm with requisite experience in the full spectrum of development incentives. The joint venture between Minneapolis-based Sherman Associates Inc. and Loftworks LLC of St. Louis looked to Husch Blackwell to handle the acquisition, financing and redevelopment details of the $86 million project.


The project resulted in the rehabilitation of this 17-story building into a mix of retail space, affordable housing, market-rate apartment units, for-sale condominium units and parking. A variety of public and private sources of financing were accessed, including TIF, CID, federal and state Historic Tax Credits, federal and state Low-Income Housing Tax Credits, New Markets Tax Credits and multiple tranches of private debt and equity capital.