3765 Lindell to Become Apartments
Date Posted: September 3, 2019
Posted In: Projects,
From CityScene STL: This month’s LCRA agenda includes a tax abatement request pertaining to the redevelopment of the 3765 Lindell building. The 3-story structure sits near the Moolah Theater and near where Lindell and McPherson meet. The building is somewhat forgettable due to it’s odd front facade that covers the original brick. Most recently, the building was home to the Oddfellows Association of St. Louis.
According to the LCRA agenda, Clayton abased Collegiate Development Group will take on the project for a total of $5.7 Million (includes acquisition). Collegiate is requesting a tax abatement worth 90% for 5 years to help with the cost of the redevelopment project. However, the LCRA states that the area this building is in is classified as ”no tax abatement”. Despite this, the LCRA supports the tax abatement request.