Paul Brown Loft Apartments in Saint Louis, MO, will be offered for public sale on October 28, at 10:30 a.m. The sale will be held at the East Front Door of the City of Saint Louis Court House - the Civil Courts Building, 11th and Market Streets - 10 N. Tucker Boulevard, St. Louis, Missouri. 

To give interested parties additional information and view portions of the Property, HUD will conduct an Open House on September 17 from 11 a.m. to 2 p.m. (local time). A HUD representative will be present to walk through the Property at that time. Not all areas of the Property may be available for viewing. HUD will not accept bids or provide information outside of the bid kit during a site visit.

Paul Brown Loft Apartments, located in downtown Saint Louis, is an exquisite historical building featuring one- and two-bedroom apartments and eight commercial suites. A barrel-vault ceiling with ornate plasterwork and multiple elevators distinguish the lobby. 

The stunning view from the rooftop includes the Gateway Arch, Old Court House, and River Front. Convenient garage parking, a fitness center, clubroom, four seasons room, and a rooftop swimming pool are just some of the amenities this building offers. The Paul Brown Loft Apartments are conveniently located in the business district near Ball Park Village, Scottrade Center, Citygarden Sculpture Park, Metrolink, multiple restaurants, and a vibrant nightlife.

The minimum bid is currently unstated, and bidders are encouraged to thoroughly review previous participation certification requirements, terms, conditions, and necessary forms to submit to complete a responsive bid prior to participating in a property sale. Additional property information is as follows:

• 222 residential units
• 8 commercial suites
• 189,655 total rentable square feet
• 16 stories
• Shared rooftop balcony and swimming pool
• Underground parking garage with 106 spaces
• Partial rehab completed in 2003-2005
• Property is listed on the National Register of Historic Places

Property is subject to a Foreclosure Sale Use Agreement with Riders for (1) Two Year Rent Protection For Pre-Existing Very Low-Income Tenants, (2) Non-Discrimination Against Section 8 Holders, (3) Protection Against Foreclosure, (4) Repair and Rehab Rider requires $11,922,370 in Capital improvements and (5) Historical Preservation. Potential bidders assume the responsibility to thoroughly research the property to reach their own conclusion as to physical condition, number and occupancy of revenue-producing units, estimates of operating costs, repair costs (where applicable), and any other factors bearing on the valuation of the property. 

Sale details are available at https://www.hud.gov/program_offices/housing/mfh/pd/mfplist. For more information, contact Alex Degler at [email protected].