Currently working through the development process in South St. Paul, the examples below represent the next wave of dynamic and high-quality investment coming to South St. Paul, with opportunities to add jobs, tax base, and high-quality housing.
The long-vacant former Wells Fargo at 161 Concord Exchange North was officially sold on January 24, 2018. Development partners Master Properties and Simek Realty have begun to renovate and repurpose the 70,000 square-foot, four-story building into a 67-unit market rate apartment complex. The unit mix mainly consists of 1-bedroom units in addition to a few studio and 2-bedroom units. The amenity-rich residential community will include in-unit washer/dryer, a full kitchen appliance package, an interior common room and workout facility. Façade improvements include new brick and glass at the existing entryways, new windows throughout and a rooftop community lounge and patio. A portion of the lower level will be converted to underground parking in addition to repurposing the drive through lanes for additional parking.
While Concord Street (now Concord Exchange) was a hub of eateries, social establishments, and activities in the early- to mid- 1900s, it hasn’t welcomed a new dining establishment since the late 1980s and today houses only two eateries along its nearly mile-long stretch. That number will increase to three in 2018, when KC LLC - a development group headed by property and business owners in the BridgePoint area - breaks ground on a 5,000 square foot, “upscale casual” restaurant offering a full food and beverage menu, outdoor dining, and live entertainment.
Frankot Properties purchased 820 Southview Boulevard in 2018 with plans to reutilize the building as office space for an Allstate Insurance Agency with additional space for a sub-tenant. Architectural changes include new larger windows to provide more visual interest, EFIS accent panels and a new primary access for the new owner that will be added to the southwest corner. The alley will be redirected to the side street at 8th Avenue to improve the pedestrian environment on the block.