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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.

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