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The original item was published from 8/5/2013 1:26:00 PM to 8/31/2013 12:05:01 AM.

Planning and Economic Development

Posted on: August 5, 2013

[ACTIVE] The Penfield Leasing Office Now Open in Saint Paul

The Penfield, Saint Paul, MN

Construction on the Penfield, a 254 market-rate rental housing development located on Robert Street between 10th and 11th Street in downtown Saint Paul, is on schedule for the first residents to move in at the end of November. In addition to the housing, there will be a full service Lunds grocery store on the first floor occupying 27,500 square feet of commercial space. Lunds will be opening in spring/summer of 2014.

“The Penfield is a perfect example of Saint Paul’s commitment to preserving historic character while creating vibrant places to be,” Saint Paul Mayor Chris Coleman said. “In just a few short months, new residents will be moving into The Penfield, and current downtown residents will have a full-service grocery store just a couple blocks away. I’m looking forward to the grand opening.”

The building preserves a portion of the façade from the former Public Safety Building. A historical interpretive display with the history of the Public Safety Building will be installed in addition to public art that includes a corten light wall, corten steel lighted benches, cut granite benches and a Spirit of the Mississippi statue.

“It’s very exciting to see all of the construction activity at The Penfield,” said Saint Paul Housing and Redevelopment Chair Dave Thune. “This project is a key piece in downtown’s renaissance that is adding a housing option for all generations to live in a premiere location with views of the Capitol.”

The Penfield will cater to the discerning renter who wants to take advantage of all downtown Saint Paul has to offer. Units will feature modern luxuries, including stainless steel appliances, in-unit washers and dryers, granite countertops and kitchen islands, wood floors and open, airy layouts. Renters can choose from three finish packages, and will enjoy large 36-inch soaking tubs, custom closets and many more luxury details.

Community amenities will be just as spectacular as the unit features, including an 18,000 square-foot courtyard and green roof with an outdoor pool, hot tub, fire pit, cabanas, dog run and green space. Residents will also be able to take advantage of the sundeck, clubroom with gourmet kitchen, fitness center, enclosed parking and many other comforts.
“The Penfield is the premier luxury apartment community in Saint Paul, and will greatly contribute to the revitalization of the downtown area. The building is a unique combination of a historic façade and the modern luxuries and amenities today’s renter wants in a home,” said Stefanie Balsis, regional marketing director, Village Green, The Penfield’s property management company.

The first residents are expected to move into the north tower at the end of November. The remaining units and common areas will be completed by the end of the year.

The pre-leasing office is located at 508 Jackson Street, Saint Paul, MN 55101 and is open Monday-Wednesday and Fridays from 9 a.m. to 6 p.m., Thursdays from 9 a.m. to 7:30 p.m., Saturdays from 9 a.m. to 5 p.m. and Sundays from 12-5 p.m. For more information about The Penfield, visit www.thepenfieldapts.com, or call the leasing office at 651-333-4950.

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About The Penfield
The Penfield is one of the first market rate mixed-use projects constructed in downtown Saint Paul in 20 years. This $62 million project covers an entire city block bounded by 10th, Minnesota, 11th and Robert streets and will have 254 apartment units and a 27,500 sq. ft. Lunds grocery store.

The Penfield broke ground on June 25, 2012 and will be completed by December 2013. The construction project will result in $20.5 million of direct labor or 200 union construction jobs. Weis Builders is the general contractor.

Earlier this year, The Penfield was recognized with a Best in Real Estate award from the Minneapolis-Saint Paul Business Journal in the multifamily market rate category.

The Penfield is owned by the Saint Paul Housing and Redevelopment Authority. Financing for the project was provided by AFL-CIO Housing Investment Trust Fund, Dougherty Mortgage, U.S. Department of Housing and Urban Development, Saint Paul Housing & Redevelopment Authority, Metropolitan Council, Minnesota Department of Employment & Economic Development and Ramsey County.

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