Marshall Avenue Flats

1619 Dayton Avenue, Saint Paul, MN

Project Type: New Construction


Project Stage: Construction

Size: 98

Year Constructed: 2024

Developer: Pak Properties (Saint Paul)

Project Cost: $33.4 million

Funding Sources: 4% LIHTC, City deferred funding, Met Council, first mortgage

Landon Group role: Structure and secure financing, coordinate underwriting and financial closing, coordinate draws

Utilizing a variety of public funding mechanisms, Marshall Avenue Flats will bring 98 units of affordable housing to Saint Paul and Ramsey County.