Mid-City Area Keeps Growing

The Raymond & University neighborhood continues to grow even in this tough economy. The great location combined with future light rail makes it a perfect opportunity.

The Chittenden & Eastman building at 2402 will be converted into market rate apartments. The seven story building is currently occupied by many artists and a variety of smaller businesses.

http://finance-commerce.com/2010/10/apartment-conversion-planned-for-vintage-building-on-lrt-line/

Also the St. Paul Port Authority is developing the site at Wabash and Pelham - the former Overnight Express trucking company. The old buildings have been demolished and a purchase agreement has been put in place to develop the land.

These two projects will revive two underutilized and run-down sites. Update is excited for the new energy that is definitely flowing into the neighborhood.

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Developments continue in Raymond/University Despite COVID

More apartments are planned for 2225 University Avenue (next to the McDonald's) This is the former site of Paster Enterprises office building. We are excited to see more density for the neighborhood and more residents to support our local restaurants and retail.

Congratulations to Dave Anderson!

One of Update Company's long time tenants is awarded a Bush Fellowship. Dave Anderson, from All Parks Alliance for Change is one of the 2020 Bush Fellows, 24 visionary leaders who are thinking big about how to solve problems and shape a better future for their communities. The Bush Fellowship is an investment in individual leaders. It provides Fellows with up to $100,000 over 12 to 24 months to pursue formal and informal learning experiences that help them develop the skills, attributes and relationships they need to become more effective, equitable leaders who can drive change in their communities and region as a whole. The Fellowship is distinctive in its flexibility, allowing Fellows to articulate what they need to become more effective and agile leaders.

Platform Apartments Really Taking Shape!

The construction site is very busy at University and Hampden where the Platform Apartments are under construction. This is going to be a great addition to the neighborhood - replacing two blighted buildings - turning the corner into a beautiful place to live. A roof top patio will be a great amenity, as will the underground parking lot. We are excited for our new neighbors to move in this fall. St. Anthony Park is really growing - adding many new neighbors close to University. Hopefully this development will bring a new restaurant!

Update on the Midway

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