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Prime University city site SAINT LOUIS, MISSOURI RE DEVELOP MENT ± ± 1.83 ACRE SITE << IDEAL FOR MULTIFAMILY REDEVELOPMENT << WALKING DISTANCE TO THE DELMAR LOOP << PROXIMITY TO WASHINGTON UNIVERSITY << available For sale Vernon Avenue Kingsland Walk Kingsland Avenue
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SAINT LOUIS, MISSOURI REKingsland Walk (the “Property”), located within walking distance of the Delmar Loop and primed for redevelopment. The Property is located at the corner

Oct 12, 2020

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Page 1: SAINT LOUIS, MISSOURI REKingsland Walk (the “Property”), located within walking distance of the Delmar Loop and primed for redevelopment. The Property is located at the corner

P r i m e U n i v e rs i t y c i t y s i t eSAINT LOUIS, MISSOURI

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EVELO

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±± 1.83 ACRE SITE <<

IDEAL FOR MULTIFAMILY REDEVELOPMENT <<

WALKING DISTANCE TO THE DELMAR LOOP <<

PROXIMITY TO WASHINGTON UNIVERSITY <<

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Page 2: SAINT LOUIS, MISSOURI REKingsland Walk (the “Property”), located within walking distance of the Delmar Loop and primed for redevelopment. The Property is located at the corner

Total Site Size:

±1 .83 acres

Address:

6668 Vernon Avenue ±0.91 acres

848 Kingsland Avenue ±0.42 acres

852 Kingsland Avenue ±0.16 acres

858 Kingsland Avenue ±0.34 acres

Parcel #:

18H431221 18J640679 18H431012 18H431023

P r o p e r t y O v e r v i e w

CBRE, as exclusive investment advisor and broker, is pleased to offer for sale

Kingsland Walk (the “Property”), located within walking distance of the Delmar

Loop and primed for redevelopment. The Property is located at the corner of

Vernon Avenue and Kingsland Avenue in University City. Kingsland Walk sits less

than one mile north of the Washington University campus, and is approximately

8 miles from both Saint Louis-Lambert International Airport and Downtown Saint

Louis.

The Property is ideally suited for multifamily redevelopment. With excellent

frontage along Kingsland Avenue, the Property has tremendous visibility and

access.

N e i g h b o r h o o dU n i v e r s i t y c i t y , M I s s o u r i

University City, Missouri is an

inner-ring suburb of the City of

Saint Louis, a vibrant, diverse

community of about 40,000

people at the heart of the Saint

Louis metropolitan area. University

City is a full-service city, providing

its residents with police and

fire service, full recreational

s i t e d e s c r i p t i o n

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Vernon Avenue

Delmar Boulevard

K i n g s l a n d W a l k

Page 3: SAINT LOUIS, MISSOURI REKingsland Walk (the “Property”), located within walking distance of the Delmar Loop and primed for redevelopment. The Property is located at the corner

facilities, a library and solid waste

services. With dozens of churches

and synagogues, parks, numerous

community organizations and

active entertainment and restaurant

districts, University City has

something for everyone in the family.

University City lies at the western

edge of Saint Louis, Missouri, in the

center of the Greater Saint Louis

Metropolitan region of Missouri and

Illinois. Interstate I-170 and other

primary roadways connect University

City to the rest of the Metro region,

with Lambert-Saint Louis International

Airport only minutes away. University

City was one of the first suburban

interfaces to Metrolink, the region’s

light rail system which is used by

thousands of riders each day.

The mix of suburban friendliness and

urban elements has never been more

embodied than in University City. The

city has extensive mature tree cover,

more than 200 acres of park space

and a nine hole municipal golf course.

There is a unique character to the

city’s neighborhoods, with a wealth

of housing options as diverse its our

residents. The area’s cost of living is

less than the national average and

by far the lowest of any Midwestern

metropolis. For businesses, lower

overhead costs convert into increased

profitability and healthy growth

potential.

Historic landmarks and districts are

preserved and promote University

City’s rich educational, cultural and

economic history. The Delmar Loop is

one such historic district that includes

book and record stores, restaurants

and cafes, a movie theater, galleries,

boutiques and nighttime entertainment

venues. The American Planning

Association named the Delmar Loop

one of the nation’s “Great Streets”.

Buildings along Olive Boulevard, a

second major commercial corridor,

include some of the oldest surviving

commercial structures in the region.

t h e d e l m a r l o o p

The Delmar Loop, or just “The Loop,”

is a six-block district located within

University City along Delmar Avenue

generally between Trinity and Des

Peres. The Loop is the home to some

of Saint Louis’ most famous restaurant

and entertainment attractions,

including the legendary Blueberry

Hill, a restaurant and live-music

venue that has attracted top names

throughout the years, The Pageant and

The Tivoli Theatre. Day or night, The

Loop is always active. The American

Planning Association recently named

the Loop “One of the 10 Great Streets

in America,” and The Loop serves as

a model for communities across the

country.

Along the Loop, you’ll find an eclectic

mix of businesses and retail operations,

including attorney’s offices, apparel

and gift stores, salons, restaurants

and more. On the west end of The

Loop, closest to Trinity, the Center for

Creative Arts makes its home, as does

The 560 Music Center of Washington

1 m i l e r a d i u s 3 m i l e r a d i u s

2014 Estimated Population 20,092 132,872

2014 Estimated Average Age 35.42 38.26

2014 Estimated Households 8,477 57,775

2014 Estimated Average Household Size 2.26 2.16

2014 Estimated Average Household Income $61,575 $66,146

2014 Estimated Housing Units 9,924 69,728

2014 Estimated Average Housing Value $271,514 $272,530

D e m o g r a p h i c s

Page 4: SAINT LOUIS, MISSOURI REKingsland Walk (the “Property”), located within walking distance of the Delmar Loop and primed for redevelopment. The Property is located at the corner

University. A post office, library, police

and fire department and city hall are

also located in this area.

Access to the many amenities of The

Loop is easy, with the Delmar Loop

Station MetroLink stop located on the

eastern end of the Loop, and Skinker

Boulevard providing quick access to

Forest Park Parkway, a critical artery

through Saint Louis. Forest Park itself

is located only about 6 blocks south of

The Loop, as is Washington University

in Saint Louis, which provides a

constant stream of young people to the

area. A streetcar line is in development

that will connect Forest Park and The

Loop with the MetroLink stations, with

construction set to start in Summer

2014. The project received $25 million

in federal funding that will be matched

by private funds.

Other recent developments have

included more retail and restaurant

space, as well as the addition and

renovation of many apartments in key

sections of The Loop, creating more of

a live/work environment.

W a s h i n g t o n U n i v e r s i t y Located in proximity to Kingsland Walk,

Washington University in Saint Louis

is one of the country’s premier private

universities, with approximately 14,000

students, nearly equally split between

undergraduate and graduate studies.

The school boasts more than 3,400

academic staff, and was ranked #14 in

the country by U.S. News and World

Report for 2013. Wash U provides a full

range of academic programs and has

graduate programs in Law, Medicine

and Business, among others, including

its George Warren Brown School of

Social Work, which has been ranked

the #1 social work program in the

country. The school’s student-to-faculty

ratio is low, at 7:1, and more than 70%

of classes have fewer than 20 students.

The University has a major presence in

the city with its close affiliation to the

burgeoning industries of biotechnology

and plant sciences. The school has

hosted more presidential and vice

presidential debates than any other

institution, with presidential election

debates being held at the school in

1992, 2000 and 2004, and hosted the

only vice presidential debate in 2008.

• Downtown Saint Louis

12 Minutes

• Lambert International Airport

12 Minutes

• Spirit of Saint Louis Airport in Chesterfield

25 minutes

• Almost anywhere in the Saint Louis metro area

20 minutes

T r a v e l T i m e s

Page 5: SAINT LOUIS, MISSOURI REKingsland Walk (the “Property”), located within walking distance of the Delmar Loop and primed for redevelopment. The Property is located at the corner

Redevelopm ent

© 2014 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no

guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only

and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors.

You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their

respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in

the United States and other countries. All other marks displayed on this document are the property of their respective owners.

P r i m e U n i v e r s i t y C i t y R e d e v e l o p m e n t o p p o r t u n i t y

Matt BukhshtaberFirst Vice PresidentCapital Markets, [email protected]

F o r A d d i t i o n a l I n f o r m a t i o n , p l e a s e c o n t a c t :

The Delmar Loop

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Vernon Avenue

Delmar Boulevard

Olive Boulevard

West

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Vernon Avenue

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K i n g s l a n d W a l k

Metcalfe Park

Washington University

Lewis Center

University City Police Station

University City City Hall University City

Public Library

Washington University

Music Center

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