Cortona at Forest Park_Property for Sale
Cortona at Forest Park_Property for Sale
5800 Highlands Plaza Dr, Saint Louis, MO, 63110-1397, US

Cortona at Forest Park

Asset Description

Jones Lang LaSalle (“JLL”) is pleased to present Cortona at Forest Park (“Cortona”), a 278-home mid-rise apartment building featuring a premier location next to St. Louis’ Forest Park, as well as nearby downtown Clayton and Central West End. Cortona offers an unbeatable live/work/play location that is a short commute to all Forest Park has to offer, as well as top employers, entertainment, retail, restaurants, and downtown St. Louis.



Number of units
278 units
Year built
Building area Net
40,001 m²


Investment Highlights

Premier Location

  • Adjacent to beautiful Forest Park
  • Abundance of entertainment, restaurant and retail options surrounding Forest Park, including Clayton and Central West End
  • Proximate to Barnes Jewish Hospital, Wash U, Saint Louis University, Cortex Innovation District, and other top employers, education and healthcare

Value-Add Story

  • Competitive apartment finishes primed for interior value-add
  • Verified renovation to modernize homes and achieve $300 premiums 
  • Opportunity to reimagine some amenity spaces 

Incredible Tax Benefits 

  • Desirable tax abatement in-place through 2038 
  • Owner only pays 50% of tax bill with no reassessment 

Best-In-Class Development with Top Amenities 

  • Part of walkable master-planned development inclusive of restaurants, fitness, healthcare, hospitality, office and private park
  • Unbeatable community amenities including resort-style pool

Superb Property Performance

  • Last 75 leases show a 7% premium over in place effective rents 
  • Strong Occupancy (98%) 
  • 60% Retention 
Cortona at Forest Park 4_Property for Sale
Cortona at Forest Park 4_Property for Sale

Contact brokers

Cortona at Forest Park (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 May 2023