- Nearly $300/unit in rent premium after unit interior upgrades
- Extremely attractive basis, significantly below replacement cost
- Significant recent capital expenditures (over $28 million in total) including:
- New plumbing stacks and risers
- New roofs and elevators
- New parking structure
- A+ downtown St. Louis, a premier urban destination
- The only truly large-scale asset located within the
- Downtown West neighborhood
- High-profile asset located in one of St. Louis’ most desirable,
- under-served, and highest barriers-to-entry multifamily submarkets
- Proven value-add with significant upside remaining
Downtown West | An Unrivaled Location
Downtown West is an A+ urban CBD location. With easy access to the entire St. Louis MSA and in the heart of the largest employment center in the St. Louis region – the downtown CBD with over 85,000 employees – Downtown West is primed for continued mixed-use growth.
St. Louis’ Most Dynamic Submarket
CityView is one of the only truly large-scale assets located within the City of St. Louis – and the only asset with such significant scale in the downtown submarket. Downtown St. Louis is home to over 300 dining establishments, 20+ hotels, 11 Fortune 1000 companies, 5 co-working and incubator spaces, 130+ creative agencies, 9 of the 10 largest creative firms in the region, 7 of the 10 largest architecture firms in the region, 7 of the 10 largest law firms in the region, and 6 of the 10 largest accounting firms in the region. This strong and diverse employment base and countless food and entertainment options continue to make downtown St. Louis an attractive, convenient, and enjoyable place to live, work, and play.
The Sports and Cultural Epicenter of St. Louis
CityView’s Downtown West location is positioned perfectly within walking distance of all the sporting venues and many of the cultural and entertainment venues that St. Louis has to offer. With STL City’s new MLS soccer stadium completing construction next door, CityView is primed to leverage the renewed interest in downtown and the additional traffic in the immediate area. In addition, CityView offers the closest apartments to Enterprise Center (St. Louis Blues), Stifel Theatre, and the St. Louis Aquarium – walkable amenities that are unmatched throughout the region.
