$145M CWE Luxury Apartments Close on Financing
Pictured Above: Albion West End
Date Posted: July 8, 2025
Posted In: Projects,
From St. Louis Business Journal: The developer behind a 30-story apartment tower proposed in the Central West End said Tuesday it has closed on financing for the project, a key step in moving toward construction.
Developer Albion Residential said it has secured a construction loan from Pacific Life Insurance Co. It did not disclose financial terms of the loan.
Chicago-based apartment developer Albion Residential has partnered with St. Louis-based Koplar Properties for the proposed Albion West End at 4974 Lindell Blvd, currently a parking lot. The developers in January said they hoped to begin construction this summer on the project, though they hadn’t previously disclosed financing details. While plans for the tower were first shared in 2022, the development encountered delays due to economic conditions.
305 Apartments
The $145 million tower, called Albion West End, is to be comprised mostly of glass and include 305 apartments, a 10,000-square-foot lobby, 1,700 square feet of retail space, coworking spaces and 308 parking spaces. It’s to have an outdoor pool and the tower’s rooftop is to include an amenity deck with a sports lounge and stargazing room. The land where the tower is proposed is owned by Koplar Properties.
“We are proud to bring the Albion brand to St. Louis through a project that represents everything we stand for—long-term ownership, first-class amenities, and best-in-class operations,” said Jason Koehn, president of Albion Residential, in a statement. “With support from our partners at Pacific Life and Koplar Properties, Albion West End will set a new standard for luxury living in the city.”