Historical May 1988 report or notice. Original dates, prices and contacts describe the source period; current availability has not been established.
In St. Louis City’s Central West End, Westminster Development Company has begun renovating the first of 38 homes that will comprise the first phase of DeBaliviere Place West Condominiums.
The development is located in the 5800 block of Waterman Boulevard in the city’s Central West End. “DeBaliviere Place West offers city living at its best.
The location is great, with Forest Park and the heart of the Central West End both within walking distance;’ said Dean Burns, Westminster president. “DeBaliviere Place West is also incredibly affordable. Prices start in the low $70,000’s and City of St. Louis financial incentives make it easy to qualify for ownership’ Current construction activities focus on a pair of brick six-family buildings located at 5803 Waterman Boulevard and 5817 Nina Place.
The single-level plans have from 1,000 to 1,300 square feet with two bedrooms and two baths.
All have a formal living room, separate dining room, a sunporch, a built-in laundry area, and a wood deck.
Two display models are slated for completion early this summer. “The interiors of the buildings are being completely gutted.
All systems and interior finishes will be brand new;’ said Burns. “Exteriors will be carefully restored to their original turn-of-the-century elegance:’ Standard features include woodburning fireplaces, with fresh air intakes and glass doors; minimum nine-foot ceiling heights throughout; plush carpeting in entertaining areas and bedrooms; and mini-blinds. Kitchens boast Euro-style cabinets with built-in cooktop ranges, dishwashers, double-bowl stainless steel sinks with disposals, and premium sheet vinyl flooring.
A private storage area is provided in the basement.
Each owner enjoys secured offstreet parking. Building entries are electronically monitored as are the private entries to each condominium. Residents also benefit from the private security service supplied by the DeBaliviere Place neighborhood and are eligible to join the nearby DeBaliviere Place Swim and Tennis Club.
To keep heating and cooling costs low, the condominiums are packed with energy-saving features. Roofs are insulated to a factor of R-40, sidewalls to R-13, and basement ceilings to R-11. Windows are double-glazed thermal break units which tilt-in for easy cleaning.
A high-efficiency gas-fired furnace and air conditioning system, with a set-back thermostat, is included.
During this pre-opening phase, homes at DeBaliviere Place West are priced from $73,500. Purchasers are eligible to receive up to $7,500 in For Sale Incentive Program (FSIP) funds to buy down interest rates or to apply toward closing costs. Buyers can also gain 95 percent 30-year fixed rate loans through the Federal Housing Administration (FHA).
In addition, buyers will pay minimal property taxes for the first 10 years of ownership and enjoy 50 percent property tax abatement for the following 15 years.
For information on pre-grand opening priority reservations, call Burns weekdays from 9 a.m. to 5 p.m. at 776-2077.
Original photograph caption
A rendering of the Nina Place redevelopment. The Times of Skinker-DeBaliviere, May 1988, page 1. Artist not credited.
Originally published in The Times of Skinker-DeBaliviere, May 1988.
Read this article in the original newspaper issue.
Original source: SD_Times1988_05.pdf, printed page(s) 1, 4; PDF page(s) 1, 4.
