2700 University Avenue, Saint Paul, MN

Landon Group secured financing

HUD 221(d)(4) loan; Deferred financing from Minnesota Housing, City of Saint Paul, Metropolitan Council; LISC funds

• 232 rental units, 47 affordable; 3,000 square feet of retail
• $52 million total development cost
• Kraus-Anderson Construction
• UrbanWorks Architecture LLC

2700 University, a gateway development for the City of St. Paul, is located at the intersection of University and Emerald Avenues directly adjacent to the Westgate Station of the Green Line. This transit-oriented development is comprised of 34 studios, 128 one-bedroom, 11 one-bedroom + den, and 59 two-bedroom apartment units with modern amenities including laundry facilities in each unit, community space, fitness rooms, and a large outdoor pool deck with grills, seating areas and pergolas.

2700 University, developed by Flaherty & Collins, is a mixed-use development with retail along University Avenue and below grade structured parking.  20% of units are affordable to households earning at or below 50% area median income.

Due to its location on the Central Corridor, 2700 University provides convenient access to jobs for the residents:  the Court International Building is a short walk away, while the downtown St. Paul and Minneapolis job cores, Regions and University Hospitals, the University of Minnesota, and other employment centers are just a short bus or train ride away.  The synergy between Westgate Station and this high-density development creates a “sense of place” beckoning transit riders to the area.

2700 University was selected as a Top Project of 2016 by Finance and Commerce.