There really is going to be a lot of new business and residents living around Minnesota United's new soccer stadium in St. Paul — but not until it is done.
RD Management, a New York-based property management company, which owns 20 acres in the Midway area of St. Paul where the Allianz Field stadium is being built, said Monday it has plans for new buildings that would "add additional retail, office, residential, entertainment, and hospitality options to its property."
The redevelopment would follow the completion of the adjacent $200 million stadium in 2019.
"I think the biggest thing about this announcement is it is a reality. … We think this is going to be a significant addition to the neighborhood," Minnesota United FC owner Bill McGuire said in an interview.
While there has already been significant interest in the site, the announcement is informing potential partners nationally "that this property is out there and all of its merits and virtues and that it is moving ahead," McGuire said.
Minnesota United is heavily involved with the development and McGuire said the team could eventually have a variety of roles at the property.
The proposed development would align with the master plan the St. Paul City Council approved last year for the area.
Its vision called for a new commercial and entertainment district anchored by the stadium that would transform that portion of the neighborhood that falls between University Avenue and Interstate 94 east of Snelling Avenue.
