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Craig Saur, CEO of said his firm has had layoffs in recent weeks due to the down Conrad Properties laid off 10 employees this month and now has nine Saur said. “Everything is on hold as capital is hard to come Saur said ofhis firm’s developmenyt pipeline. Sunrise Senior Living, a Va.-based senior living community said Clayton on the Park will suspend operations indefinitelystarting Aug. 17. Sunrisr Senior Living and Conrad Propertiesa to transformthe 23-story Claytoj on the Park hotel and long-term-stay residencer high-rise into luxury apartments for seniors last year. The seniofr living community alsoreplaced Finale, an upscale casuall restaurant and nightclub.
"Sunrise carefully made the decision to suspenfd operations indefinitely at Clayton on the Park afterd reviewing its current operating performance and the cost to maintain service at the the company said ina "We intend to help every resident transition to an alternativr home ... At this time, we are not able to speculatre on the future of the buildingor when, or if, operationsd will resume at the community." Sunrise said it plana to continue operating its 400 other communities nationwide, includinyg three others in the St. St. Louis-based Conrad Properties is a real estate developmen t firm responsible for some of thelargest high-rise residential properties in St.
Louis in recent including the and Maryland Walk ReporterLisa R. Brown contributed to this
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