The Allen Building is now owned by Allen Lofts, LP, a subsidiary of St. Louis-based Capstone Development Group. The developer took ownership of the property Tuesday after working with the previous owner - the Trustees for the Citizens of Lebanon - to complete the closing transaction.
In addition, as part of the initial project plans, last week the City of Lebanon began removing a single-story portion of the building that will be converted into new parking space as part of the overall construction efforts.
For more on this story see the LCR.
