266 New Apartments Planned for Downtown St. Paul
- May 06, 2015
Sherman Associates of Minneapolis is moving forward with a $50 million multifamily development adjacent to its West Side Flats near downtown St. Paul, the Star Tribune reports. The development, designed by Bloomington-based Kaas Wilson Architects, will include 184 market-rate apartment units and 82 affordable units and is expected to break ground in the spring of 2016.
The two-building project is in the process of obtaining approval from the city of St. Paul and the neighborhood association, according to the Minneapolis/St. Paul Business Journal. The property is adjacent to George Sherman’s 178-unit West Side Flats apartment community at 84 S. Wabasha St., which was completed in 2014 and is currently 94 percent occupied.
The new development will include 8,500 square feet of retail space and a 5,000-square-foot patio attached to one of the buildings, the Minneapolis/St. Paul Business Journal reports. The 266 apartments are expected to open in late summer 2017.
Sherman Associates is currently developing several projects in Minneapolis as well, including The Encore luxury rental community and Thresher Square near the new Vikings Stadium.
Rendering courtesy of Sherman Associates via the Minneapolis/St. Paul Business Journal