Minnesota Department of Employment and Economic Development (DEED) released the following statement earlier today:
St. Paul Port Authority – United Village at Midway Block B Development Project
The St. Paul Port Authority was awarded $635,089 in cleanup funding for this 2.1-acre site contaminated with petroleum and other contaminants. Historically used as part of a streetcar construction and maintenance facility, this site will be redeveloped into two residential towers with 234 apartments and 15,000 sq. ft. of retail, and a commercial building with 19,000 sq. ft. of retail space and 29,000 sq. ft. of co-working office space.
The project is anticipated to create 151 new jobs, retain 78 jobs, and increase the tax base by $1,811,199. Matching costs will be paid by the developer and other grant sources.