Prompted by a new demand for condominiums, St. Louis-based developer Mills Properties has been converting apartments into condominiums in the DeBaliviere Place neighborhood. Mills had paid $60 million for a nine-building, 1,048-unit apartment complex in 2003-04 and has been converting the units into condos one building at a time. If all the apartments are converted, the process would take seven to ten years and cost around $40 million to complete.

Metropolis DeBaliviere Place - 5501 Pershing Avenue
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Monday, March 27, 2006   [ featured development ]
Incorporating old world charm with modern features
Tucked between Forest Park and the elegant mansions of the Central West End, Metropolis DeBaliviere Place offers a sophisticated, yet affordable, option for anyone looking to experience the excitement of urban living. Located in the DeBaliviere Place neighborhood, these freshly renovated condominiums combine all the modern amenities that today's discriminating buyers have come to expect with the beauty and charm of St. Louis' classic 1904 World's Fair-era architecture.   more »

Friday, March 10, 2006   [ press release ]
CWE Condos offer an urban lifestyle, green space and location
Metropolis DeBaliviere Place Condominiums provide a smart choice for those who value the central location, culture, history and active lifestyle offered by the Central West End. You'll find these newly rehabbed condo conversions bordered by some of St. Louis' most premiere private streets and homes.   more »

Friday, October 28, 2005
Mills converts apartments to condominiums at Metropolis
Mills Properties has been quietly turning the DeBaliviere Place Apartments into condos. The developer and apartment manager bought the 1,048-unit apartment complex in two sales in 2003 and 2004 totaling $60 million from Denver-based AIMCO. Housed in nine buildings, the apartments are being converted to condominiums one building at a time in a process that would take seven to 10 years and cost $40 million if all the apartments are changed, said Bruce Mills of Mills Properties.   more »