Sherman Associates is moving forward with plans to build a pair of apartment buildings across the Mississippi River from downtown St. Paul next to West Side Flats, which the company completed last year. The new buildings will bring an additional 266 apartments to the area, including 184 market-rate units in one building and 82 units - most of them for lower-income renters - in a second building. Sherman's 178-unit West Side Flats project has been 95 percent occupied over the past several months, emboldening the company to continue building in the area, which is near the intersection of Fillmore Avenue and Livingston Avenue, according to Tony Kuechle, a senior vice president of development for Sherman.
Kuechle said the company hopes to begin construction in early spring of 2016. The buildings will include some commercial space, including room for a 5,000 square foot restaurant with outdoor patio on the river and facing downtown. "[We're] talking with a couple of operators but nothing signed," Kuechle said.
The company recently completed a rental conversion project and owns several buildings in the city, but isn't pursuing any other projects in the area at the moment. The company has several housing projects underway in Minneapolis, including The Encore luxury rentals near Gold Medal Park in the Mill District and the Thresher Square block near the new Vikings stadium, which will include new apartments, a grocery store and a hotel in the historic Thresher Square office building.