According to multiple nextSTL sources, Hudson Holdings, a property development and real estate management group in Delay Beach, FL, has the vacant 1.2M sf Railway Exchange building in downtown St. Louis under contract. The historic building occupies an entire city block bordered by 6th, 7th, Locust, and Olive Streets.
Hudson Holdings specializes in redeveloping large mixed-use historic buildings near the urban core. As stated on the company website, “With an emphasis on downtown historic adaptive re-use, Hudson infuses its vision and flare to energize older, transformational assets.”
The Railway Exchange certainly fits that profile. While such expansive and historic properties have proven to be among the most difficult to redevelop, Hudson has undertaken similar projects in Midwest markets such as Louisville, Cincinnati, and Cleveland.
Original posted on: nextstl.com