Hibernia
100 Unit Luxury Multifamily + Retail Opportunity in Premier St. Louis Location | Hibernia Apartments
Marketing description
CBRE is pleased to offer for sale, Hibernia Apartments, a luxury multifamily property located in St. Louis, Missouri.
This newly-constructed residential property features 100 luxury rental apartments throughout the unique five-story building. Additionally, the Property houses an impressive 15,530 square feet of retail space, further enhancing the appeal of this multifamily property.
Hibernia offers 17 unique floor plans. Residents can choose between refined one two bedroom apartment homes, all of which showcase unique and modern details. Situated on Clayton Avenue in the heart of Dogtown, one of the best features living at Hibernia offers is the proximity to endless cultural experiences, nature, dining, shopping and family fun. Hibernia is less than half a mile from Forest Park, offering easy access to the sprawling park, museums, and the St. Louis Zoo. Nestled between two major interstates, Hibernia is a quick 10 minute drive to Downtown St. Louis and the Clayton CBD.
Investment highlights
BEST- I N -CLASS PRODUCT QUA L I TY
Hibernia is in the top tier for St. Louis area multifamily buildings with some of the highest quality finishes in the market. Well-appointed kitchens featuring custom cabinetry, granite counter tops, energy efficient stainless steel appliances, in-unit washer and dryer, and luxury plank flooring are just a few of the unique interior finishes that set the building apart. The modern common areas and ample amenities are of exceptional quality and create an unmatched persona for the building. Hibernia truly embodies a lifestyle of elegant architecture, infused with the latest in modern unit amenities and design.
PREMIER LOCATION
Hibernia is located in the historic Dogtown neighborhood of St. Louis which is well known for its history, culture, and annual St. Patrick’s Day Parade. Dogtown is centrally located in St. Louis, providing access to Downtown St. Louis (10 minute drive), the Clayton CBD (10 minute drive), and the St. Louis Lambert International Airport (20 minute drive). Hibernia is located less than half a mile from Forest Park, which is known as the “Heart of St. Louis.”
LIFESTYLE
Hibernia offers a lifestyle of convenience, service, and amenities. The Property caters toward residents’ active lifestyles with amenities like a fitness center, amenity deck with bocce ball court, on-site business center, package receiving, and controlled-access parking in the covered garage. Pets are also right at home at Hibernia. The Property features both a dog park and pet spa for residents’ convenience
RETAIL SPACE
Hibernia has two retail spaces on the first floor of the building totaling 15,530 square feet. F45, a functional group fitness gym occupies 2,570 square feet, The remaining 12,960 square foot space (formerly occupied by Fields Foods) is vacant, providing the opportunity for value-add through lease-up.
TAX INCREMENT FINANCING
The City of St. Louis has issued a promissory note payable from property and related taxes generated by the Hibernia mixed-use project through August 15, 2040. This note is payable to the holder of such note, has a current principal balance of $2,817,500 and accrues interest at 7.04%.
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