Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ST. PAUL, MN-The first phase of housing for the West Side Flats urban village has been approved by the city council after months of uncertainty over how changes in property tax made by the Minnesota Legislature would affect tax increment financing. The $210-million mixed-use development on the opposite banks of the Mississippi River, from Downtown St. Paul between Robert and Wabasha bridges, would include an office and retail component anchored by US Bank and 1,135 housing units.

The council’s approval of the first phase of housing, which is a separate project from the US Bank portion of the development, includes 130 units of high-rent and owner-occupied condominiums to be built next spring along the Mississippi River. The housing developers are George Sherman, a Minneapolis-based housing developer, and Jerry Trooien, a St. Paul developer who owns the land.

The housing development of the urban village would be completed over a seven-year period, and would include 880 rental units, 190 condominiums and 65 townhomes. A last-minute compromise at the state Capitol protected all projects “in the pipeline,” including the West Side Flats and the Upper Landing urban villages, which has alreadybroken ground, said Mike Sweeney, head of the city’s planning and economic development department.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.