Downtown St. Paul’s historic Commerce Building sold, but apartments will retain ‘affordable’ designation

Pioneer Press
Written By HBG

Source:
Pioneer Press
https://www.twincities.com/2025/03/12/st-paul-pak-properties-to-buy-historic-commerce-building/

Author:
Frederick Melo

Article Excerpt:
In downtown St. Paul, PAK Properties and the Halverson and Blaiser Group plan to purchase the historic Commerce Building at Fourth and Wabasha streets from an affordable housing provider, in a deal that relies on the city forgiving more than $1.22 million in unpaid municipal loans…

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