The Saint Paul Condo Blog


The Commerce Building (on the failed project list) and Mears Park Center (never even made it to the proposed) are full steam ahead as apartments.  The Commerce building, located across the street from City Hall is so close to being ready, they are moving renters into their new apartments in June!


The Commerce building is being managed by CommonBond Communities, the largest nonprofit developer/manager in Minnesota.  The building is finished with a fusion of loft styling, I'd go so far to call it a "Soft Loft".  The building took advantage of tax-credits, so the building will have income limits.  All that means is it will be more affordable than if they did not receive the credits.

I know one of the main problems of this as a condo building was the parking situation.  Well with apartments it really doesn't matter if you "own" your parking stall, so problem solved!

 

Now for Mears Park Centre...  The building is being renamed "Lowertown Lofts", which is interesting since there is already a building down here called that!  The original Lowertown Lofts is a beautiful artist co-op, so I bet there will be a showdown over the proposed name of the new building.


Well, whatever the new name is, it's going to be a very nice building!  This one would have been a very nice condo!  With lots of amenities and a very loft feel the rents get up there.  The range is from $835 to $2495.

I'll keep you posted to any new developments in the name game.


Posted by Bud Kleppe on May 19th, 2008 11:18 AMPost a Comment (2)

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