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Historical March 1990 report or notice. Original dates, prices and contacts describe the source period; current availability has not been established.
As craftsmen proceed with comprehenhensive renovation. Westminster Company announces that sales have begun on the final building in the first development phase at DeBaliviere Place West condominiums.
The six-home structure that marks the end of phase one is located at 5900 McPherson. “There are several particularly nice locations within the 5900 McPherson building’: said Rich Emerson. sales manager. ‘People who have an interest in making a move in the near future should see these homes as soon as possible, while selection is at its best’ All homes in the building are twobedroom. two-bath plans with 1,100 square feet of living area. Prior to completion, they are specially priced from $82,500.
The development’s pricing schedule, combined with the availability of up to $7,500 in For Sale Incentive Program (FSIP) funds to buy down interest rates or apply toward closing costs, makes the condominium homes easy to afford. Buyers can also qualify for 95 percent 30-year fixed rate loans through the Federal Housing Administration (FHA). “The incentives mean that with a $2,000 down payment, principal and interest payments work out to around $600 per month:’ Emerson states. “When you consider the location and the complete set of standard features we provide, we believe that we offer value that has to be seen to be believed:’ “I know we’ve made believers of a lot of people originally from St. Louis County;’ he continues. “We’ve even had people move here who were originally living in single-family detached homes:’ A primary appeal of DeBaliviere Place— which earlier this year was featured in Professional Builder magazine—is its comfortable neighborhood feel.
The interiors of the architecturally significant circa-1900s buildings have been completely gutted and equipped with new mechanical systems and interior finishes. Exteriors are restored to their original turn-of-the-century elegance, including art glass sidelights and art glass front door panels at building entries.
All the homes have a living room, formal dining room, laundry area with washer/ dryer hook-ups, a wood deck, and either an open or enclosed sunroom.
A private storage area is provided in the basement.
Each owner also enjoys secured off-street parking.
The buildings are electronically monitored as are the private entries to each condominium. Residents also enjoy the private security service supplied by the DeBaliviere Place neighborhood and are eligible for membership in the DeBaliviere Place Swim and Tennis Club.
For long-term affordability, energy efficiency is exceptional. Roofs have R-40 insulation, sidewalls R-13, and basement ceilings 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. Owners also reap cost-savings by paying less than $100 in annual property taxes for the first 10 years of ownership. DeBaliviere Place West has two display models at 5803 Waterman Boulevard and 5817 Nina Place.
The office is open daily from 11 a.m. to 5 p.m.
Originally published in The Times of Skinker-DeBaliviere, March 1990.
Read this article in the original newspaper issue.
Original source: SD_Times1990_03.pdf, printed page(s) 1, 8; PDF page(s) 1, 8.
