Historical September–October 2005 article. Dates, prices, services and contacts describe the source period; current availability has not been established.
Skinker DeBaliviere Community Housing Corporation has sold Rosedale Square Apartments to Rosedale Development, LLC which is a partnership of Saaman Development LLC and Rothschild Allen LLC. SDCHC is a nonprofit developer who has owned the Rosedale Square Apartments for the last sixteen years.
The sale and development is in two phases with half of the 12 buildings in each phase. Rosedale Development hopes to begin construction in about three months on the first phase which includes the units at 6101, 6109, 6115, 6120 & 6126 Washington and 541 Rosedale.
The redevelopment design is not finished, but at this time there will be: Full rehab of each unit. New roofs and tuckpointing of the buildings. New parking lots and landscaping. Twenty of the current sixty-eight units will be combined into large two-bedroom, two-bath units leaving the unit total at 58 units.
A neighbor to the apartment complex; Kiki Chavez said, “I’m thrilled about this development of Rosedale apartments into condominiums and look forward to the new home owners.” SDCHC has owned Rosedale Sq. Apartments since 1989 and over the years has rehabbed, refurbished and made significant capital improvements to the buildings and property. Last sum-mer (2004) when working on a Strategic Plan for Rosedale Square Apartments, as to what work had to be done next on these almost 100-year-old buildings, it was found that the amount of capital improvements needed would cost more than the rents could support.
The Housing Corp decided that the best thing that could be done for the property and the neighborhood was to sell it for redevelopment as condominiums or town-homes and an RRP was sent out October 2004.
The Proposals were reviewed, two of the potential developers were interviewed and Saaman/ Rothschild was selected. Gary Boehnke, SDCHC’s Executive Director said, “We expect that this redevelopment will be of high quality and a great addition to the neighborhood. One of the most exciting things for me with this project was to have a past Rosedale Sq. tenant call and ask if they could buy a unit now.
I had to tell them, ‘no, but if they would send me a letter of interest I would forward it on to the new owner and developer.’ This past tenant did send a letter and it was past on to the developer. So the first unit of the new condominium complex may already be sold!” Saaman & Rothschild Development Companies have history of doing high quality developments in the City and St. Louis Metro area.
They have an intimate knowledge of St. Louis neighborhoods and extensive experience with forsale condominiums through historic rehabilitations and new construction. Saaman Development LLC has done projects like Clayton Gardens Condominiums, Gas Light Square and the Villas of Clayton Gardens. Rothschild has Maryland Plaza and 14th & Pine condominiums projects.
The Housing Corp expects to have 1.2 million dollars from the sale after debts and other expenses have been paid. SDCHC will put these funds into a trust account to help cover its annual operating costs and future projects in the community.
With housing resale being strong in the Skinker DeBaliviere neighborhood these new condominium units will provide a more affordable means of home ownership in the neighborhood. SDCHC is a nonprofit developer working in the Skinker DeBaliviere community since 1988. Encouraging: owner occupancy, commercial development that will improve and benefit the community and working to improve the housing stock in the Skinker DeBaliviere neighbor-hood.
The SDCHC Mission Statement: To be the buyer/ developer of necessity; empower-ing strong development and homeownership, with the goal of improving the character, heritage and quality of the Skinker DeBaliviere neighborhood and community.
Original photograph caption
Rosedale Square Apartments.
Originally published in The Times of Skinker-DeBaliviere, September–October 2005.
Read this article in the original newspaper issue.
Archival transcription note: Source says 12 buildings and ownershipsince 1989, versus 10 and 1987 in Lanafrontreport; originaldistinctaccounts retained.
Original source: SD_Times2005_09.pdf, printed page(s) 7; PDF page(s) 7.
