Lux Living's St. Louis Complex Sold After Fraud Allegations
St. Louis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Lux Living Sells St. Louis Apartment Complex Tied to Federal Indictment
The Vue on the Avenue, once at the center of a federal indictment against its leaders for bank fraud and misusing pandemic relief loans, has been sold to a Chicago-based investment firm. The sale, following the dismissal of the indictments earlier this year, marks a clean break for the former owners after years of legal battles. Tenants express mixed feelings, with some welcoming the change and others worrying about rent hikes or evictions. The new owners promise upgrades and stability for residents, closing a messy saga in St. Louis real estate.
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