ST. PAUL, MN – A plan to convert to office space into 112 apartment units on the top seven floors of the Lowry Professional Building in downtown St. Paul was scrapped this week as the project’s developer, Avex Lowry Property, wasn’t able to meet the City’s deadlines. Financing for the $17 million plan couldn’t be completed in time for the City to use its State allotment of $16 million in housing credits, which would be lost if not used by year-end. Avex bought the property on St. Peter Street between Fourth and Fifth Streets for $2.5 million from the St. Paul Port Authority two years ago.

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