Saturday, April 15, 2017

“Developer [Hudson Holdings] buys Railway Exchange Building downtown”*


“A Florida-based developer completed on Tuesday [Jan. 24th, 2017] its purchase of the century-old Railway Exchange Building in downtown St. Louis.
     The new owner is Hudson Holdings [emphasis added] of Delray Beach, Fla. A real estate source said the company paid just above $20 million for the building that occupies an entire block in the middle of downtown.
     Hudson Holdings did not respond to requests for comments about its plans. The company put the building under contract last spring.
     Real estate sources in St. Louis have said the most likely redevelopment would include a mixture of residences, stores and, perhaps, a hotel.

*Datelined January 31st, 2017, news article titled, “Developer buys Railway Exchange Building downtown”, by reporter Tim Bryant at the St. Louis Post-Dispatch.

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