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Stoneleigh Companies to Develop Multifamily OZ Project in St. Paul

The property is located in the Saint Paul Opportunity Zone segment and when completed Waterford Bay will be one of the first Opportunity Zone projects in St. Paul.

A rendering of Waterford Bay Apartments. Photo Courtesy of Stoneleigh Companies LLC A rendering of Waterford Bay Apartments. Photo Courtesy of Stoneleigh Companies LLC

ST. PAUL, MN—Stoneleigh Companies LLC of Barrington, IL reports it has acquired a 10-acre development parcel along the Mississippi River here where it will build the 242-unit Waterford Bay Apartments community.

The property is located in the Saint Paul Opportunity Zone segment and when completed Waterford Bay will be one of the first Opportunity Zone projects in St. Paul. No financial terms of the land purchase were disclosed.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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