Is the Penfield Finished?

By
Real Estate Broker/Owner with Saint Paul Home Realty

Rumors are bouncing off the wall right now about the demise of the project.  I've been waiting for this "big announcement" for about three months now and nothing.  Now the rumor mill is full of "the plug has been pulled" variants.

So, I strolled down to the sales center hoping to get the scoop.  Instead, a hand written note on the door... "Sales Center is Temporarily Closed"  Also, the place is starting to look a little run down - it almost looks abandoned.

If the rumors are true, it's a sad day for Saint Paul real estate.  During the boom of the 2001-2006, Saint Paul was not able to add a single new-construction high rise.  Minneapolis on the other hand added more than I care to admit.

The truly sad part about this is we will likely get another ugly State office complex on the site instead of a the remarkable piece of architecture that would alter the skyline forever, aka the Penfield.

www.YourStPaulHome.com

 

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Bud Kleppe

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