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Penfield in Saint Paul Back on the Table

Posted by Homes of Minnesota Team on Friday, December 5th, 2008 at 11:02pm.

Earlier this year in July, I wrote a post about how due to a decline the condo market, the Pennfield condominiums expected to be developed at 100 E. 11th Street had been canceled. Now, new plans for the Pennfield site in Saint Paul have been given preliminary approval by the city. Instead of a $131 million dollar, 313-unit condo tower, it will now be an $88 million mixed-use project that includes 208 upscale apartments, a 170-room hotel, and a Lund’s full-service supermarket.

Construction is slated to begin in 2009, with the store to be completed by late 2010 and that the hotel and apartments to be finished in late 2011. The Lund’s supermarket is of particular importance to the downtown Saint Paul neighborhood. Once completed, the 30,000-square-foot store would be the only full-service supermarket in the downtown area.

The design details are still being determined, as the developers want to get input from neighborhood organizations and residents. The one- and two- bedroom apartments will range from 694 square feet to over 1,148 square feet. The hotel and apartments will likely be in two separate buildings. The Hyatt Place Select Service hotel will be the first full-service hotel to be built in downtown St. Paul in 20 years.

Developers expect the project to tap the growing population of Downtown St. Paul. Though residents there number less than half the population of Minneapolis’ downtown at 14,000, the population has climbed dramatically from the 9,700 residents living there in 2000. Some of this is due to the expansion of Regions, United and St. Joseph's hospitals into downtown St. Paul in recent years.

Two years is a long time to wait for your Pennfield apartment to be finished. If you work in downtown St. Paul, maybe even at one of the medical facilities listed above, you may want to move closer to shorten your commute and make your life easier. There is no need to wait. There is plenty of Saint Paul real estate available right now!

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