Luxury apartments coming to Trust Building, developer says

January 4, 2013

in Local

By Kyle Siegel
Staff writer

The historic Trust Building in downtown Sedalia has long set empty and Greg Rodewald with Crowne Development, out of Oklahoma City, is looking to change that.

Rodewald is a former Sedalia resident, and along with Community Development Director John Simmons and architect George Esser, have been working tirelessly to get the ball rolling of repairs and development of the building.

“We have been working on this for 14 years. We have been looking for a new owner all of that time, and we came close a few times,” Simmons said.

Rodewald and Crowne Development may be names known to some. They were the driving force behind the Lincoln-Hubbard project several years ago.

There have been many hurdles to overcome in the purchasing and development of the Trust Building, including a lien from the Missouri Department of Natural Resources.

“In 1998, the State of Missouri put a rout on the building with a DNR grant and a lien was put on the property.

“We went to the state and requested that they forgive the lien on the property with the successful, substantial completion of remodeling the entire building. That is in place,” Simmons explained.

He added, “We got that done twenty months ago this winter. It was important to get this shored up, because time is not on the side of the building.”

“Some routine maintenance has been done to the building over the years, thanks to the CBCD stepping in.

“The CBCD over the years, they have safeguarded the building by replacing the windows, taking care of a termite infestation and a flea infestation. They know the worth of the building.”

Sedalia architect George Esser was targeted to make design plans for the proposed remodel and Rodewald intends to make use of those plans.

Rodewald was asked if the purchase of the building has been completed.

“The money is in escrow with Pettis County Title,” Rodewald said.

Rodewald was asked when he decided that fixing the Trust Building was something that he wanted to accomplish.

“I actually walked through it for the first time in 2006 or 2007. At that point we decided to do the Lincoln-Hubbard School project. We have circled back and decided to see what we could do with this building,” Rodewald explained.

He added, “It is a beautiful, old building and it needs to be brought back to its old glory.”

Rodewald discussed what his plans for the building renovation will be in the near future.

“We are sort of looking at our options, but right now we will take the plans that George Esser has worked on.

“Right now it looks like we will be looking at luxury apartments on floors two through four. The first floor is kind of up in the air.

“Right now we do have proposals out for structural engineers. There is a lot of up-front work that isn’t too sexy right now,” Rodewald said.

Rodewald was asked if there was a figure yet for the cost of the project.

“We ended up with $10 million renovation for Lincoln-Hubbard, but we are not sure what this one is going to cost,” he said.

Rodewald is excited for the opportunity to work on the historic building.

“I am local. Being a native of the area, it is an honor to do another landmark there. It is an honor as a native to have the trust of the city,” Rodewald said. Photo by Randy Kirby, Sedalia News Journal.

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