$96M Apartment Tower Opens at City Foundry
Date Posted: December 17, 2024
Posted In: News, Projects,
From St. Louis Business Journal: A $96 million expansion at City Foundry has opened, adding 270 apartments at the mixed-use development.
Tenants have moved into One Foundry Way, a 14-story tower at 3835 Foundry Way in Midtown. The new tower is part of the second phase of development at City Foundry, a redevelopment of a 15-acre former manufacturing site. City Foundry is a project of New + Found, the St. Louis-based real estate and development company of CEO Steve Smith and his son Will Smith.
One Foundry Way includes ground-level retail; a six-story, 481-space parking garage; and eight-stories of apartments with 270 units. The project has a rooftop pool, fitness center and zen garden. One Foundry Way adds to the initial phase of City Foundry that includes a food hall, retailers, entertainment concepts and office space.
One Foundry Way includes studio, one, two and three-bedroom units, with the apartments having floor-to-ceiling windows. A spokesperson for the project’s developer did not respond to a question regarding the rate of leasing so far. Rents for studio apartments begin at $1,240 per month, with the tower’s three-bedroom, three-bath apartments renting at $4,500 monthly, according to the apartment building’s website.