2 minute read
Housing
from page 1 report by HousingLink, median rent for 1-bedroom units increased only 1%, to $1,007; 2-bedroom units increased 3%, to $1,340; and 3-bedroom units increased 2%, to $1,698. Construction of affordable housing continues in the metro and surrounding areas. Affordable housing in St. Paul is identified as costing 60% of the area median income (AMI) and “deeply affordable” housing as 30% of the AMI. Currently, 83% of vacant properties are affordable, 56% are available for 50% AMI and none are deeply affordable. There are 4.2% fewer rental properties available compared to last year but 1,479 multifamily units have been permitted for new construction, a 79% increase from last year.
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New developments
Work is underway on Soul Apartments, scheduled to open in spring 2024 at the former Red Cross building site at Robert Street and Plato Boulevard on the West
Side. The 5-story building will have 178 units ranging from 1- to 4-bedroom units, 143 of which will be affordable and 35 deeply affordable. The building will also have nearly 9,250 square feet of commercial space, surface and underground parking, a community room and fitness room, kid rooms, outdoor playground area and bike storage. The developer is Minneapolis-based Schafer Richardson.
Farwell Yards, a 5-story market-rate apartment building under construction at 150 Water St., is expected to open in June 2024, offering 221 units ranging from 1-bedroom to 2-bedroom with a den. It will also have a fitness center, wi-fi lounge, plaza and nearly 2,600 square-feet of commercial space on the first floor. The developer, Edina-based Buhl Investors, is creating another apartment complex nearby at 115 Plato Boulevard. The Harbourline Apartments will feature 5670 units, six of which will be affordable. It is slated to open around the same time as Farwell Yards. Amenities include garden plots, surface parking, a computer center, event room, clubhouse and outdoor dog run.
The 16-story tower at 386 Wabasha St., formerly known as the Ecolab University office tower, will reopen in mid-2024 as The Kaeding apartment complex.
Indiana-based Inland Real Estate Acquisitions, LLC purchased the property and Kaeding Development Group, LLC is the developer. The building will have 178 units, ranging from studios to 3-bedroom units. Amenities include a rooftop sky deck, access to a parking garage and several skyway connections.
Florida-based Affordable Housing Preservation Corporation (AHCP) is in the process of purchasing and renovating the 122-unit Sibley Court apartment building at 484 Temperance St. and the 114-unit Sibley Park apartment building at 211 E. Seventh St. In mid-May, the City of St. Paul gave preliminary approval of multifamily housing revenue bonds to support the project. Currently, 149 of 236 units are deemed affordable. When AHCP takes over, all units will eventually be reserved for households with incomes at or below 75% AMI, with 20% reserved for 50% AMI.
The second phase of The Reserve at Mendota Village, 720 S. Plaza Way in Mendota Heights, opens July 1. The building has 58 market-rate 1-bedroom, 2-bedroom and
History Theatre
30 E. 10th St. St. Paul 651-292-4323
Historytheatre.com
“Glensheen” is presented July 8-23. Set in 1977, this dark musical unravels the mystery of an heiress and her night nurse who are found dead in the Glensheen mansion in Duluth. Tickets start at $30.
Landmark Center
75 5th St. W. St. Paul 651-292-3225 landmarkcenter.org
Music on the Cortile events are offered each Wednesday, noon-1 p.m., on Musser Cortile. This month’s lineup features Lazerblade, June 28; Jaspar Lepak, July 12; and Jeff Ray, July 26.
The Landmark Center offers 60-minute guided walking tours Wednesdays at 10 a.m. The following tours are free, but reservations are required: “Rice Park,” June 28 and July 26; “St. Paul’s Origins,” July 12; and “The Great River,” July 19. For more information, visit www.landmarkcenter. org or call 651-292-3276.
Ordway Center
345 Washington St. St. Paul 651-224-4222 ordway.org
“ Ordway Inside Out: Finding Her Beat ,” 7:30 p.m., Saturday, July 15, at Rice Park. This event includes a live Taiko drumming performance followed by a screening of the locally based documentary “Finding Her Beat.” The film tells the story of women making their way in the world of Taiko drumming, which had been off-limits to women for thousands of years. Directed