St. Louis Office

The subject site is a unique opportunity to acquire a suburban multifamily development site that has LCRA abatement approval for development with 320 units. The 28-acre site is currently developed with a former golf driving range and building with an asphalt paved parking lot. The site is level and is mostly a grass field. The property is located in an area that is truly superior in terms of accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located near State Line in Missouri, less than one mile east of the Leawood, Kansas, and just north of Loch Lloyd. The immediate area consists of several national retailers along primary thoroughfares. The site is located along "Main Street" in Martin City and has access from East 135th Street, which is a primary roadway in the area.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marlowe, a premier, expert-crafted trophy asset located in the heart of the Central West End neighborhood of St. Louis, MO. With exceptional architecture and purposeful finishes, the asset draws an affluent, top-shelf tenant demographic, accompanied by custom community amenities - including an upscale speakeasy, the market’s only nine-hole putting green and largest dog walk - along with a variety of tailored floorplans.

With premier walkability (82 Walk Score – Very Walkable), Marlowe also offers residents direct access to some of St. Louis’ largest employment centers and local attractions. Most notably, Forest Park (rated #1 park in the U.S.), which hosts the St. Louis Zoo, St. Louis Art and History Museums, Forest Park Golf Course, and the Muny Amphitheatre. St. Louis’ Central West End is also home to the Washington University Medical Campus, which includes Barnes-Jewish Hospital (MSA’s #1 Employer), and Shriner’s Children’s Hospital, which serve as major catalysts behind the 41K+ jobs within a 1-mile radius of the asset.

The infill nature of the location also provides added resiliency, as strong in-place leasing trends – 0% LTL on last 50 move-ins and 3.5% increases on recent leases over in place averages - serve as a key driver leading into 2025. Henceforth, Marlowe offers the rare opportunity for the forthcoming investor to acquire a trophy asset in an irreplaceable Central West End location with material organic upside.

***Marlowe contains a PILOT tax payment schedule through 2032.

The Vlasis Park land parcel is a unique, one-of-a-kind opportunity to acquire a premier development site that has been approved for multifamily development. The site consists of three contiguous parcels that total 4.72 acres and the site is vacant and ready for development. The property is truly superior in terms of its West County location, accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located at the northwest corner of the signalized intersection of Manchester Road and Seven Trails Drive, with frontage on four roadways and adjacent to Vlasis Park. Manchester Road is one of the most heavily traveled roadways in the St. Louis MSA with traffic counts at +/- 40,000 vehicles per day at the subject site. The immediate area consists of most national retailers along Manchester Road and residential uses in the secondary positions. The site is located in the Ballwin Multifamily Submarket, which is one of the leading submarkets in the MSA with 5,988 units, effective rent at $1,295/month or $1.40/sf, YOY rent growth at 9.0%, and 97.6% occupancy.