The brothersand business partners have plans to renovate andreposition the property at 1511 Westminster St. and have renamed it Phalen VillageApartments.

The units will be managed by St.Paul-based Meridian Management Inc., which is owned byDoug Simek. The Simeks own 370 apartments, mostlyin St. Paul, and plan to add more.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.