ST. PAUL-The St. Paul Public Housing Agency recently moved into its new, $12-million headquarters at Minnesota and 11th streets and now is looking to lease extra space in the building. The agency sold its Central Administrative Office building at 480 Cedar St. to Minnesota Public Radio two years ago.

The public radio station plans to tear down the building this summer and build its own office complex.

The new building at 555 Wabasha St. is located on the north edge of Downtown, directly across from the State Capitol. The new project includes a 107-space parking ramp for agency clientele and employees and a rain garden at 11th and St. Peter streets.

Using the sale proceeds from Minnesota Public Radio and other resources, the St. Paul Public Housing Agency constructed the new office building next to its 545 Wabasha Hi-Rise in Downtown St. Paul.

The new building houses the St. Paul Public Housing Agency’s administrative offices for public housing and Section 8, including the rental office. Almost one-quarter of the new building will be rented to commercial tenants, generating revenue to supplement the agency’s federal housing subsidies.

St. Paul Public Housing Agency is currently leasing space in the new building to tenants look for anywhere from 1,000 sf to 10,000 sf. The agency has assigned Marilyn Porter, its technical services director, as leasing contact.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.