Cushman & Wakefield’s Jeff Altenau and Zach Yarnoff represented the development joint venture in its financing transaction with Oaktree Capital Management.
One Foundry Way, located at 3835 Foundry Way, delivered in September 2024 and includes 270 luxury multifamily units in the initial stages of lease-up. Each residence boasts expansive floor-to-ceiling windows with panoramic views of the city, modern two-tone cabinetry, plank flooring, designer lighting and custom quartz countertops. Amenities include a state-of-the-art fitness center, on-site pool with sun deck, covered and heated pet park, co-working and private meeting rooms, a chef-inspired community kitchen with an open seating fireplace and dining area and a tranquil garden terrace.
In addition to its best-in-class building amenities, One Foundry Way is differentiated due to its coveted location within the City Foundry district, a widely acclaimed, 15-acre mixed-use campus that features an abundance of on-site shopping, dining, and entertainment options. Residents at One Foundry Way benefit from direct access to the adjacent retail, which is home to an expansive food hall, featuring 20 chef-driven concepts curated by a James Beard Award-winning chef; a Fresh Thyme Public Market (Meijer Companies); Puttshack; City Winery; Alamo Drafthouse; and numerous other retailers and restaurants. In addition, One Foundry Way’s proximity to St. Louis University, Washington University in Saint Louis, and the Cortex Innovation District places it at the nexus of the market’s affluent, educated workforce; primary transit modes and arteries; cultural and leisure amenities; and major employment and R&D hubs.
“One Foundry Way is ideally located in St. Louis’s most vibrant submarket, Midtown, and its quality and amenities are unsurpassed,” said Altenau, Cushman & Wakefield Vice Chair. “Those attributes, among many others, made it attractive to a broad spectrum of lenders seeking to place capital in best-in-class multifamily properties.”