The council's approval of the first phase of housing, which is a separate project from the US Bank portion of the development, includes 130 units of high-rent and owner-occupied condominiums to be built next spring along the Mississippi River. The housing developers are George Sherman, a Minneapolis-based housing developer, and Jerry Trooien, a St. Paul developer who owns the land.
The housing development of the urban village would be completed over a seven-year period, and would include 880 rental units, 190 condominiums and 65 townhomes. A last-minute compromise at the state Capitol protected all projects "in the pipeline," including the West Side Flats and the Upper Landing urban villages, which has alreadybroken ground, said Mike Sweeney, head of the city's planning and economic development department.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
