333 sibley Street Lowertown Saint Paul 333 on the Park Timberland Partners closed on the purchase August 2014 At time of purchase building was commercial office and was over 80 vacant Six tenants in the building ID: 333766
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333 on the Park333 sibley Street / Lowertown Saint PaulSlide2
333 on the Park
Timberland Partners closed on the purchase August 2014
At time of purchase, building was commercial office and was over 80% vacant. (Six tenants in the building).
Redevelopment Plan:
134 Market Rate Apartments
2,500 SF of retail/commercial on Mears Park
Building listed on National Register of Historic Places December 2014Construction Start: December 2015Completion: January 2017Slide3
333 on the ParkHistory:
Built: 1913 as the Gordon & Ferguson Building
Architect: Clarence H. Johnston Sr.
Contractor: Butler Brothers
Purpose: Manufacturer of hats, leather, fur goods, overcoats, and outdoor clothingSlide4
333 on the ParkSlide5
333 on the ParkSlide6
333 on the ParkSlide7
333 on the Park
Financing Plan
$40 million Total Development Cost
Financed utilizing HUD debt, developer equity, and proceeds from sale of State and Federal Historic Tax Credits.Slide8
333 on the Park
Community Amenities
:
Rooftop Sky Lounge
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Floor Club LoungeTheater RoomDog Grooming StationCoffee BarUnderground ParkingFitness Center with Yoga RoomSkyway ConnectedOn LRT stopOn Mears ParkOffice Suites for Tenant UseSlide9
333 on the Park
Unit Amenities
Granite countertops and vanities
Exposed ceilings and ductwork
Stainless steel appliances
In-unit washers/dryers
Large WindowsWine refrigerators (select units)3-story penthouses with walkout patiosLarge units vs. competitionSlide10
333 on the Park / SKY LOUNGESlide11
333 on the Park / CLUB LOUNGESlide12
333 on the Park / sky loungeSlide13
333 on the Park / Fitness CenterSlide14
333 on the Park