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300 S BroadwaySt. Louis, MO 63102
Ballpark Heights
Asset ClassMultifamily, Mixed Use
Call For Offers12/16/25
78-unit Boutique Class A Asset Offered at Steep Discount in Trophy Location
overview of deal

Overview

The GREA Midwest team is pleased to present the exclusive opportunity to acquire Ballpark Heights (the “Property). This brand-new redevelopment seamlessly blends historical architecture with modern luxury, resulting in a boutique trophy asset offering significant long-term appreciation potential. As an alternative to the adjacent One Cardinal Way complex, Ballpark Heights offers a similar first-class lifestyle without the high price tag.

 

Located in Downtown St. Louis, the Property is set in the center of a renaissance that is reigniting growth in the area. Downtown St. Louis continues to attract billions of dollars in major investment, with a heavy concentration surrounding Busch Stadium and Ballpark Heights. Busch Stadium and Ballpark Village anchors the growth and vibrancy occurring Downtown and serves as a catalyst that continues to spur major investment in the CBD. Ballpark Height's AAA location is poised to benefit longterm as the strong momentum in Downtown continues.

 

A pride-of-ownership asset, Ballpark Heights is offered to investors f ree and clear of debt with a 10-year real estate tax abatement at 90%. Ranked the #1 City for New Grads to Start a Career in 2022, ahead of major metros such as San Francisco, Denver, Austin, and Nashville, Ballpark Heights delivers investors an exceptional opportunity to make a statement with the acquisition of this trophy, AAA located asset.

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Investment Highlights

# Units
78
Year Built
1901
Year Renovated
2022
AVG SF
15,390
  • Brand New ‘Class A’ Community Delivered in 2022
  • Owned and Self-Managed by Developer
  • Offered at a Significant Discount to Replacement Cost (~63% below replacement cost)
  • Immediate Value-Add Opportunity via Professional Management / Operating Team
  • Irreplaceable Location Adjacent to Busch Stadium and Ballpark Village, a $400M Entertainment District
  • Significant Operational Upside with Below Market Lease-Up Rents and Minimal Concessions
  • High Barrier to Entry and Limited Apartment Stock in Immediate Area
  • $6B Development Pipeline for Downtown St. Louis Revitalization
  • Top Employers Including New $1.75B NGA Campus and Entertainment Districts
  • 10 Year Tax Abatement Post-Acquisition
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300 S BroadwaySt. Louis, MO 63102

GREA Midwest Exclusive Advisors

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Listing provided by Revere CRE