According to the St. Louis Business Journal, a New York-based developer, DMG Investments, plans to add apartments in Cortex area.
DMG Investments, a real estate and development firm that specializes in multifamily and student housing, is looking at 3901 Forest Park Ave. in the Central West End. The site is within the Cortex district and nearby Saint Louis University and the City Foundry mixed-use development.
The project is called “Air St. Louis” and still in its preliminary phases. A zoning-only building permit application filed Aug. 19 lists the project’s estimated costs at $25 million. The parcel is currently zoned industrial, Prelimary plans call for ground-floor retail space and several floors of apartments.
The 1.63 acre site at 3901 Forest Park is owned by Cortex.
The Cortex MetroLink Station was completed in 2018 and is the most recent station added to the MetroLink alignment. Located between the Central West End and Grand MetroLink Stations, it serves many of the employees commuting to work in the Cortex Innovation District. CMT and its partners spearheaded the feasibility study to bring this station to fruition.