Thursday, October 21, 2021

Developer plans 174 affordable apartments at Plato & Robert in St. Paul

A Minneapolis developer has proposed a five-story building at Plato Boulevard and South Robert Street in St. Paul that would house 174 affordable apartments, as well as 10,000 square feet of ground-level commercial and community space. The new structure will replace an older American Red Cross office building.

Shaffer Richardson’s proposal effectively extends recent housing and mixed-use developments within the city’s revitalized West Side Flats area, off the Mississippi River. The flat was home to a bustling Latino and Jewish community until the early 1960s, when the city cleared the area of ​​residents and installed a levee wall in response to heavy flooding.

The Red Cross continues to maintain a blood and platelet donation center at a neighboring site.

Shaffer Richardson, in a zoning variance application, indicated that the proposed U-shaped building at 174 South Robert St. would set rents for its one- to four-bedroom units at levels that are intended for families who live in the area. Earn no more than 60 percent of the median income. . A letter included with the application indicates that the developer hopes to add some deeply affordable apartments for families earning an average income of 30 per cent of the area.

Read Also:  SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare

The developer is applying for financial assistance, including a low-income housing tax credit, brownfield cleanup grants, federal tenant-based rental assistance, the State Department of Employment and Economic Development Fund, and the Transit-Oriented Development Fund through the Metropolitan Council .

One level of parking will be underground.

Under city zoning rules, a mixed-use building in an industrial zoning district must reserve no more than 50 percent of its ground level for dwellings. Schaefer Richardson, which plans a series of three-bedroom and four-bedroom townhome-style units on ground level, is seeking a variation for 75 percent of ground level to be devoted to residential use, including Facilities like fitness room are included.

A variation hearing before the St. Paul’s Board of Zoning Appeals is scheduled for October 18 at 3 p.m.

In a September 21 letter to the city’s Department of Planning and Economic Development, Monica Bravo, executive director of the West Side Community Organization, said that remarkable affordability would be a prime asset for mixed-income neighborhoods that are home to a large home. Latino population.

“WSCO considers this project to be of high importance to the community, as it is a gateway development into the neighborhood of St. Paul’s West Side,” Bravo wrote.

Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -