Oliver Properties Redeveloped Historic Rudman Building

The $12 million project adds 74 apartment units to a historic St. Louis structure.

Updated on Sept. 25, 2026 in Commercial

Oliver Properties Redeveloped Historic Rudman Building

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Oliver Properties has announced a $12 million redevelopment of the historic Rudman Building in St. Louis. The project, named Cordovan on the Park, will provide 74 apartment units in the 500 block of North 13th Street.

Why it matters

The redevelopment aims to address long-standing high vacancy rates and outdated facilities within the historic property. By converting vacant office space and upgrading existing units, the project seeks to modernize the building while preserving its heritage.

The $12 million budget includes $7 million for renovations and upgrades to the building, which was constructed in 1901. The project features 48 renovated units and 26 newly converted apartments within the National Register of Historic Places site.

The players

Oliver Properties

The real estate development firm is responsible for the acquisition and renovation of the historic Rudman Building.

Rudman Building

This historic 1901 structure is located in St. Louis and was added to the National Register of Historic Places in 1984.

The details

Developers are converting two floors of former office space into 26 apartments while simultaneously renovating 48 existing residential units. The site is located in the 500 block of North 13th Street and is expected to be fully ready for new residents soon.

The building was originally constructed in 1901.
The property was added to the National Register of Historic Places in 1984.
Oliver Properties announced the redevelopment project on September 25, 2026.
The apartments are expected to be move-in ready by mid-October 2026.

Culture Shift

This project reflects a broader trend of repurposing aging urban office stock into residential housing amid shifting commercial demands. The revitalization follows the preservation standards mandated by the National Register of Historic Places to maintain the architectural legacy of the city.

Residents can anticipate the addition of 74 modern housing options to the Downtown West district by mid-October 2026. This project directly impacts neighborhood density and the availability of updated living spaces in the city core.

The takeaway

Adaptive reuse projects offer a practical solution to urban vacancy by transforming historical properties into functional housing. Potential tenants should monitor leasing updates as the building prepares for its mid-October opening.