The St. Paul housing market had a surprising event occurring in October of this year. Rents, which had been climbing faster than inflation, finally dipped. Despite this improvement, in the third quarter of 2019, none of the 643 housing units being constructing in St. Paul were considered affordable. A Minneapolis-based affordable housing data and listing […]
Ryan Construction and the City of St. Paul agreed on a $1.4 billion redevelopment of the Ford Motor Site in Highland Park this week. The redevelopment will cover the whole 122 acre site and is expected to bring 3,800 housing units; 265,000 square feet of office space; and 150,000 square feet of retail space. The […]
San Francisco-based Prologis Inc. has announced that it struck a deal to acquire Liberty Property Trust, a company that owns millions of square feet of industrial space in the Twin Cities area, for $12.6 billion.As part of the deal, Prologis will sell off $3.5 billion of assets. The purchase includes $2.8 billion in non-strategic logistics […]
In 2017, Rob Clapp co-founded Can Can Wonderland, a subterranean 19,000 square-foot space that houses a mini-golf course, collaborates with local artists, and includes bars and a vintage arcade. Clapp now plans on developing every non-occupied building in the former Hamm’s Brewery complex into an entertainment complex designed by local artists. Numerous buildings in the […]
The city of St. Paul put out an ad to private developers earlier this month for the “RiverCentre Ramp Opportunity Site” this week. The site falls within a federal Opportunity Zone, offering tax benefits for private developers who take on the job. The city’s Housing and Redevelopment Authority is offering “air rights” above the RiverCentre […]
Minnesota Attorney General Keith Ellison sued a Minneapolis landlord this week, accusing him of scheming to profit off of evictions and punishing tenants for reporting housing problems. The landlord in question, Steven Meldahl, controls 25 properties in North Minneapolis. Ellison’s lawsuit alleges that Meldahl’s tenants live in deteriorating properties, are forced to pay thousands of […]
A dispute between Afton Marina and Yacht Club and the City of Afton arose when BJS Restaurants proposed a new boat-in restaurant on the marina’s property back in 2017. Afton Marina sits on the St. Croix River, right in downtown Afton. Marina officials requested a permit to install a driveway leading to 32nd Street, an […]
Minneapolis City Council is expected to vote today, Friday, September 13, 2019, on an ordinance that would limit the ability of landlords to screen applicants. Under the proposed ordinance, landlords would be unable to deny an applicant based on a misdemeanor conviction that is older than three years, a felony conviction that is older than […]
Kraus-Anderson has begun the process of tearing down a vacant St. Paul office building in order to make room for an upscale 92-unit apartment building. The original building—Capital Professional Office Building in the Capitol Heights neighborhood—was also built by Kraus Anderson in the 1960s. The office space has been vacant for two years. Kraus-Anderson received […]
Ramsey County and Arden Hills have been at an impasse for months regarding a dispute over the redevelopment of a 427-acre property, formerly known as the Twin Cities Army Ammunition Plant. The judge overseeing the dispute ruled this week that the parties must enter into mediation before the suit can move forward. This dispute began […]