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Preservation of Affordable Housing has been selected as lead developer on a revamp of the Clinton-Peabody Apartments, St. Louis' oldest public housing complex

POAH Selected to Redevelop St. Louis’ Oldest Public Housing Complex

Following years of discussion about the future of St. Louis’ oldest public housing site, the St. Louis Housing Authority (SLHA) selected Preservation of Affordable Housing (POAH) as lead developer of the Clinton-Peabody Apartments. Built in 1942, the development includes 358 apartments spread over 24 acres and 31 buildings. The complex at full capacity served 950 residents, but today houses far fewer because of chronic vacancy. 

“Redeveloping the Clinton-Peabody Apartments is a key priority for the St. Louis Housing Authority,” said SLHA executive director Alana C. Green. “Although the COVID-19 pandemic delayed our efforts, I am pleased that we are now able to move forward with an experienced and thoughtful development team headed by POAH.” 

POAH’s work will be led by VP Julie DeGraaf-Velazquez, a veteran development professional. The site’s full redevelopment will occur in multiple phases over the next several years, with at least $100 million in new investment projected.  


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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