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County, Ryan Sign Jail Redevelopment Deal

ST. PAUL-Ryan Cos. plans to build a $65-million, 170-unit condo project with Welsh Cos. and MetroPlains Development of St. Paul. The group will buy Ramsey County's vacant riverfront jail property for $3.4 million.

By Jim McCartney | Updated on November 29, 2004

ST. PAUL-A deal with Welsh Cos., Ryan Cos. and Metro Plains Development for redeveloping Ramsey County’s vacant riverfront jail property was recently approved by the county’s board of commissioners. Minneapolis-based Ryan, along with a partnership of Bloomington-based Welsh Cos. and MetroPlains Development of St. Paul, plan to build a $65-million project that would have at least 170 condominium units, a variety of restaurants on the jail site plus street-level retail space in the former West Publishing Building on Kellogg Boulevard.

The site offers a view of the Mississippi River. In March, Ryan’s proposal beat out a $126-million, 245-unit housing development project proposed by locally based NewCorp Development that won the initial favor of the commissioners in a non-binding vote. Coming in third was a smaller project proposed by Minneapolis-based developers Michael Lander and George Sherman.

The original deal had to be renegotiated, although the final agreement isn’t too much different from the original. The group will buy the property from the county for $3.4 million.

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