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Old 11-15-2007, 07:14 PM
 
2 posts, read 7,377 times
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Good evening... would anyone out there be able to help point me in the right direction? I have a potential client who is interested in converting his 10-unit apartment building in the City of St. Louis, MO into condominiums. I haven't a clue where to tell him to start. Have searched Google, the City's housing website, and realtor.org for advice but nothing seems to address the 'how to' part.

Can anyone tell me how someone goes about doing this?

Thank you VERY much!
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Old 11-15-2007, 09:37 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,187,029 times
Reputation: 2661
Quote:
Originally Posted by soldbyjenn View Post
Good evening... would anyone out there be able to help point me in the right direction? I have a potential client who is interested in converting his 10-unit apartment building in the City of St. Louis, MO into condominiums. I haven't a clue where to tell him to start. Have searched Google, the City's housing website, and realtor.org for advice but nothing seems to address the 'how to' part.

Can anyone tell me how someone goes about doing this?

Thank you VERY much!
This sort of condo conversion is routinely done in certain cities..Las Vegas for instance.

Basically you treat it as a new tract and file the paperwork you would to create a new tract from cleared land.

Note that 10 units may not be practical if it is not a routine procedure in Saint Louis. You do not pioneer such tasks on 10 units unless they are worth a whole lot of money.

There are all sorts of potential snags...what code do you meet? The one when the apartments were built or the current one? They may be vastly different.

The City Department that deals with planning and new developments will know. If they don't you can't do it.
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Old 11-16-2007, 07:08 AM
 
2 posts, read 7,377 times
Reputation: 10
Thanks, olecapt! I'll call the City Planning department this morning. You are correct that this isn't a very practical option, even for St. Louis. But in telling this to the potential client I at least wanted to be able to speak intelligently about how to go about it. Hopefully he'll realize it's not worth the trouble and just let me help him sell the building outright.

Thank you again and Happy Friday!
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