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.

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Attributes

Number of units

278 units

Occupancy

95.00%

Year built

2014

Building area Net

40,001 m²

Media

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