BMA Tower redeveloper proposes senior living makeover on Troost

The developer who turned the former BMA Tower into high-end condominiums has proposed turning another asbestos-filled office building into affordable apartments for senior citizens. Mark Ledom, president of Diversified Asset Management Co., has purchased the nearly vacant medical office building at 6724 Troost Ave. and plans to spend about $5 million converting the nine-story, 120,000-square-foot building into about 120 senior apartment units. The Planned Industrial Expansion Authority on Friday agreed to add the site to its Troost Rockhill PIEA Area, which would make the redevelopment project eligible for property tax abatement.
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