West End Townhouses, Inc., a limited dividend firm, founded by the late Phillip Lucier, to buy, renovate, rent and sell multiple family dwellings in the neighborhood, reports that it is completing readjustments caused by Mr. Lucier's sudden death in 1970.
Through the fore-sighted help of the Washington University trustees, West End Townhouses has guaranteed credit of $150,000 and hopes to soon have another $150,000 guaranty from another donor. At present a long term mortgage has been obtained from Commerce Mortgage, a subsidiary of the Commerce Bank of University City, to retire some outstanding debts and to complete renovation of certain West End owned buildings.
West End Townhouses own some 26 parcels of real estate in the area. The two apartments on 6000 Kingsbury, immediately west of the SDCC office and Peoples Clinic are scheduled to be demolished soon and the ground used as a small green space. By spring of 1973, the firm hopes to be once more actively acquiring and renovating local buildings, then selling or renting them to responsible parties.
Original newspaper source
Originally published in The Paper, December 1972.
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