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333 on the Park 333 sibley Street / Lowertown Saint Paul

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Presentation on theme: "333 on the Park 333 sibley Street / Lowertown Saint Paul"— Presentation transcript:

1 333 on the Park 333 sibley Street / Lowertown Saint Paul

2 333 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 2014 Construction Start: December 2015 Completion: January 2017

3 333 on the Park History: 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 clothing

4 333 on the Park

5 333 on the Park

6 333 on the Park

7 333 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.

8 333 on the Park Community Amenities: Rooftop Sky Lounge
2nd Floor Club Lounge Theater Room Dog Grooming Station Coffee Bar Underground Parking Fitness Center with Yoga Room Skyway Connected On LRT stop On Mears Park Office Suites for Tenant Use

9 333 on the Park Unit Amenities Granite countertops and vanities
Exposed ceilings and ductwork Stainless steel appliances In-unit washers/dryers Large Windows Wine refrigerators (select units) 3-story penthouses with walkout patios Large units vs. competition

10 333 on the Park / SKY LOUNGE

11 333 on the Park / CLUB LOUNGE

12 333 on the Park / sky lounge

13 333 on the Park / Fitness Center

14 333 on the Park


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