As its leaders fight fraud charges, Lux Living sells U City apartments for $72 million

As its leaders fight fraud charges, Lux Living sells U City apartments for $72 million

he sale of the 251-unit McKenzie apartments at Delmar Boulevard and Interstate 170 in University City comes as Lux Living principals Vic Alston and Sid Chakraverty recently hired the U.S. Attorney General's brother to fight their federal fraud charges.

Lux Sells McKenzie Apartments for $72 Million - Construction Forum

From St. Louis Business Journal: Developer Lux Living has sold one of its apartment complexes for $72 million. The apartment development firm sold The McKenzie apartment complex in University City in a deal that closed Monday, the firm said. The 402,700-square-foot complex is located at 8400 Delmar Blvd., off Interstate 170. The buyer was multifamily real estate investment firm CS3 Investments, founded by President Carlos Salguero. Based in Fede…