One of downtown St. Louis' riverfront towers is officially up for grabs, with a $53 million asking price that is sure to turn heads in local real estate circles.
The 28-story residential high-rise, part of the larger Mansion House and Gentry's Landing complex, is being marketed as a largely stabilized asset. Marketing materials tied to the offering show the building is about 94.2% occupied and include roughly 62,000 square feet of ancillary space plus hundreds of parking stalls.
As reported by the St. Louis Business Journal, those figures and the $53 million price tag come from the offering memorandum, which is being circulated to institutional and regional buyers.
Building basics
The tower sits within the mid century Mansion House and Gentry's Landing complex along North 4th Street, a familiar presence on the downtown skyline. Data from Yardi Matrix lists The Gentry's Landing at 400 North 4th Street with about 416 units and roughly 286,500 square feet of residential space.
Neighboring Mansion House is recorded as a similar 28 story block, and together the two properties represent a significant share of downtown's rental inventory. For prospective buyers, the portfolio scale and existing tenant base are part of the pitch.
Height and layout
The Council on Vertical Urbanism's SkyscraperCenter records the building at roughly 287 feet tall with 28 floors, which keeps it firmly in the "signature high-rise" category along the riverfront. Those upper-floor views of the Mississippi and the Arch are highlighted in the marketing materials as a key amenity for renters and a selling point for investors looking for steady cash flow.
Why buyers might be watching
The listing lands at a moment when downtown St. Louis is in the middle of an ongoing identity check, with big redevelopment questions hanging over several aging or underused properties. City leaders and private developers have spent years circling large assets that could be repositioned if the numbers pencil out.
One of the most high profile examples is the long-vacant Millennium Hotel site, a riverfront property that has drawn plenty of speculation but little visible movement. First Alert 4 reported on that listing last year, underscoring how waterfront real estate continues to attract interest even when turnaround plans are not fully formed.
What’s next
According to the St. Louis Business Journal, the offering is currently being shopped to prospective investors. Whether the tower sells close to the $53 million asking price will depend on bids, due diligence, and how financing conditions shake out.
Sellers and brokers are expected to spend several weeks reviewing offers before a deal, if any, takes shape. Any eventual transaction will be watched closely as a real time test of investor appetite for downtown St. Louis and its riverfront skyline.
