Apartment, Commercial


Type: Rehabilitation, Historic, Acquisition
Role: Developer, General Partner, Manager
Building Space: Apartments: 95 Total Units: (42 Market-Rate Units - Floors 6-8, 28 Affordable Units - Floors 4-5)

Condominiums: 102 Units - Floors 9-17
Financing: City of St. Louis, Federal Low Income Housing Tax Credits, New Markets Tax Credits, Federal Historic Tax Credits, Missouri State Historic Tax Credits, Missouri State LIHTC, Brownfield Redevelopment Credits
Location: St Louis, MO
Year Completed

Overview / Details

Located at the intersection of 10th St. and Olive St. in the heart of downtown St. Louis, MO, the Syndicate Trust Building serves as a prominent historical icon within the community. Originally constructed in 1907, the 17-story building is comprised of approximately 450,000 SF and was previously used as office and retail space.

In 2008, Sherman Associates completed the planned historic rehabilitation of the property, transforming it into a mixed-use development. The Syndicate now serves the community with 28 affordable apartment homes, 42 market-rate apartment homes, 102 condominiums, and 20,000 SF of street-front commercial space.

The Syndicate, which was placed on the National Register of Historic Places, now serves as a center of urban activity for its residents, tenants, and customers.

Commercial Space

Commercial Space: 20,000 SF, Retail – Street Level

Awards & Recognition

2008 Development of the Year by Mayor Francis G. Slay