Timberland Partners’ recently opened multifamily renovation project, 333 on the Park, was featured in May as one of two multifamily properties in the Minnesota Multi-Housing Association’s (MHA)’s Tour of the Trends.
During the tour, the MHA’s guests were provided with personal insight on the building’s renovation process from Timberland Partners, as well as a guided tour of the facility’s model apartment homes and amenities.
The eight-story property, which reopened in March, began life in 1913 as the home of Gordon & Ferguson, a hat, leather, and fur goods manufacturer. Like many commercial buildings in the area, the building was designed by the city’s most talented architects. Historic images of the building are featured throughout the space. The original ceilings and columns remain, and the original skylights have been refurbished.
The project offers 24 floor plans across 134 units, including studio apartments and one-, two-, and three-bedroom apartment homes and 10 multilevel penthouse apartments with views of nearby Mears Park and the Mississippi River. Living spaces feature 12-foot ceilings, stainless steel appliances, and other designer features. Community amenities include a rooftop terrace, sky lounge, theater room, fitness center, and business center. The building also features an art gallery, which will be home to rotating art collections from local Lowertown artists.
The Lowertown neighborhood and 333 on the Park are located within walking distance of Metro Transit, the St. Paul Farmers Market, and shops and restaurants.
“We like downtown, and Lowertown in particular, because of its neighborhood vibe. There is a sense of community that’s very hard to achieve in a downtown setting,” said Ryan Sailer, Timberland Partners’ vice president of development, in a statement. “It’s a very mature neighborhood in terms of development opportunities, meaning there are very few infill or redevelopment sites available; we feel this will help us in the long term by limiting the chances of the area becoming overbuilt. … It’s transforming from [a neighborhood] that was typically active only during the workday to one that’s becoming an entertainment destination because of the influx of new residents.”
Timberland Partners currently owns and manages over 12,000 apartment units across 61 communities in 12 states.
