The city of St. Paul, Minnesota, is sometimes overshadowed on the national scene by its neighbor, Minneapolis.
But when it comes to adaptive reuse projects, St. Paul is about to move into the limelight.
This spring, the city’s 1934 Custom House will again come to life when it opens its doors as a 740,000-square-foot mixed-use mecca of apartments, dining, and a hotel.
In May of 2016, the building will open with 202 apartments and a rooftop terrace, with 149 Hyatt Place hotel rooms and a restaurant to follow.
According to Exeter Group Chairman Jim Stolpestad, the $120 million project wouldn’t have happened without roughly $40 million in state and federal historic tax credits.