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

ST. PAUL, MN—Stoneleigh Companies LLC of Barrington, IL reportsit has acquired a 10-acre development parcel along the MississippiRiver here where it will build the 242-unit Waterford BayApartments community.

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

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John Jordan

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