Delmar & MLK Redevelopment

Highlights:

• Development Opportunity in Downtown West St. Louis
• Located in an Opportunity Zone, Enhanced Enterprise Zone, & Hub-Zone
• Rare Opportunity to Acquire 3/4ths of a City Block
• +/-51,000 SF of total Building Area
• +/-2.07 Acres of Land Near the New MLS Stadium

Description:

Salient Realty Group is pleased to exclusively offer this development/redevelopment opportunity for sale. An incredibly rare opportunity to purchase 3/4ths of a city block in the central corridor of the City of St. Louis. Very few prime parcels are left undeveloped. The subject property is close to the new MLS Stadium ($457MM) as well as the new NGA facility ($1.75B & 3,000+ Federal Employees). In addition, an incredible amount of development activity is taking place all around the property in the Downtown West area.

The properties offer multiple development/redevelopment strategies – multifamily, industrial, office, retail, hospitality, and mixed-use are all viable options.

The existing buildings on the property total approximately 51,000 SF of building area. Highest and best use may be to tear these down for new construction. The total acreage is +/-2.07 AC and is approximately 3/4ths of the entire City block.






DOWNTOWN WEST has seen an explosion of activity in the past few years. Most notably, a new Major League Soccer Stadium ($457MM) has been completed just South from the subject property. This has been a major draw for development and for new businesses flocking to the area. Before the stadium was announced, many businesses decided to move into the area, such as Twain Financial Partners, who redeveloped the property at 20th and Washington Avenue as their new headquarters. Multiple apartment developments have been recently completed – Monogram on Washington, Adler Annex, the Lofts at the HUPP, the Beatrice, and multiple others, as well as a newly announced $200MM mixed-use project by AHM Group on Washington Ave. Development/redevelopment opportunities have become increasingly rare in the area. In addition, just to the North of the neighborhood is the new headquarters for the National Geospatial Agency. This Federal project is underway and has a projected cost of $1.75 Billion. The Agency currently has 3,000+ high paying jobs and that number is expected to increase over the next few years.

Salient Realty Group is pleased to exclusively offer this development/redevelopment opportunity for sale. An incredibly rare opportunity to purchase more than three quarters of a city block in the central corridor of the City of St. Louis. Very few prime parcels are left undeveloped. The subject properties are close to the new MLS Stadium as well as the new NGA facility (3,000+ Federal Employees). In addition, an incredible amount of development activity is taking place all around the property in the Downtown West area.

The properties offer multiple development/redevelopment strategies – multifamily, industrial, office, retail, hospitality, and mixed-use are all viable options.

The existing buildings on total approximately 51,000 SF of building area. Highest and best use may be to tear these down for new construction. Total acreage is +/-2.07 AC.

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