The Penfield

The Penfield

The City of St. Paul offered millions in public financing to help get this 300-unit, 40-story project off the ground. Condos would have ranged from $200,000 to more than $1 million. The project got knocked down to 33 stories, then 11. This year, with private developers out of the picture, the city took over.

Location: Downtown St. Paul; bounded by 10th, 11th, Minnesota, and Robert Streets. 

First Proposed: 2005

Original Project: 40-story condo tower, townhomes

Original Developers: Alatus LLC (Minneapolis), Sherman Rutzick and Associates (St. Paul) 

Current Project: Six stories, 281,000 square feet, 254 luxury apartments; Lunds on first floor

Current Developers: St. Paul Housing & Redevelopment Authority 

Projected Groundbreaking: June

Expected Completion: December 2013

Price Tag: $62 million