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.
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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