…A few blocks up the street, NorthPoint Development of Riverside, Mo., is pursuing a $63 million redevelopment of the Art Deco Power & Light Building, an 81-year-old limestone office tower that outlived its usefulness years ago.
The company plans to put 275 units in the 34-story building, 60 of which will be housed in an expansion. It anticipates a rental rate of about $1.65 a square foot, said Mark Pomerenke, vice president for operations at NorthPoint…