trending Market Intelligence /marketintelligence/en/news-insights/trending/np4lngrfmmb6-un12gwxdw2 content esgSubNav
In This List

Ryan Cos. proposes building 3,800 housing units on St. Paul, Minn., site

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Ryan Cos. proposes building 3,800 housing units on St. Paul, Minn., site

Ryan Cos. US Inc. proposed its plan for a 122-acre former Ford Motor Co. plant in the Highland Park neighborhood of St. Paul, Minn., adding that the mixed-use project is expected to bring more than $1 billion of economic development to the area.

Over a span of 10 years, the Minneapolis-based developer seeks to build 3,800 housing units on site, including 2,250 market-rate apartments, 750 affordable units, 280 row houses, 35 single-family homes, 85 condos and 400 senior rentals, the Minneapolis / St. Paul Business Journal reported. The project will also offer 265,000 square feet of office space, 150,000 square feet of retail space, and over 50 acres of public and open space.

Zoned for up to 10 stories in some places at the site, the development will not feature buildings taller than six stories. Ryan is in talks with potential partners who will develop the row houses, single-family homes and affordable housing, the Oct. 10 report added.

Ford Motor, which used the site as a Ford Ranger assembly plant until 2011, gave the Minneapolis-based developer development rights in June.

Moving ahead, Ryan will submit their master plan and zoning amendment requests to the St. Paul City Council for master site plan approval, with plans to commence infrastructure work in the fall of 2019, according to a company release.