Washington & Delmar Sites

Highlights:

• - Located in an Opportunity Zone
• - Enhanced Enterprise Zone & Hub-Zone
• - Rare Opportunity to Acquire Sites w/ Great Frontage
• - Incredible Ground-Up Potential
• - 305' Wash Ave Frontage
• - 188' Delmar Frontage

Description:

Salient Realty Group is pleased to exclusively offer this ground-up development opportunity for sale. An incredibly rare opportunity to purchase more adjoining lots 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, including a $200MM mixed used project across the street on Washington Ave recently announced by AHM Group.

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

Total acreage is +/-2.22 AC across five parcels. The property on Washington Avenue has a total of 305 feet of frontage and the Delmar Blvd property has a total of 188’ of frontage.


DOWNTOWN WEST has seen an explosion of activity in the past few years. Most notably, a new Major League Soccer Stadium has been built one block from the subject property. This has been a major draw for development and for new businesses flocking to the area. Even 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 redevelopments have been successfully completed – Monogram on Washington, Adler Annex, the Lofts at the HUPP, the Beatrice, and multiple others. Development/redevelopment opportunities have become increasingly rare in the area. In addition to all of this, 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.

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