Paric Completes Railton Project

Completion of the $14 million design/build Railton Residence renovation project in downtown St. Louis, by a team led by Paric Corporation, means a new life for both the 80-year-old historic building and the residents who will call it home.

Owned by The Salvation Army, the Railton will provide affordable workforce housing to those living downtown. The project was funded in part by low income housing tax credits and historic tax credits.

Improvements include renovated common spaces, HVAC system replacement and the conversion of 220 small guest rooms into 104 apartments in the 15-story building at 205 N. 18th St., near Union Station. Each unit features its own kitchen as well as private living space.
           
Teaming with Paric on the project were The Salvation Army Services, Inc.; Railton Management, LLC; St. Louis Equity Fund; National City Bank/PNC; the Community Program Development Corporation and McCormack Baron Ragan, Inc. Trivers Associates is the architect.

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