ST. PAUL, Minn., September 17, 2014 – Paster Enterprises, a leading owner and manager of retail and mixed-use developments in the Twin Cities, and Bader Development, an experienced multi-family property developer, announced today plans to redevelop Sibley Plaza. Paster Enterprises President Howard Paster and Bader Development Vice President of Acquisitions and Development Robb Bader made the announcement.
The redevelopment plan, which was presented publicly for the first time at the Highland District Council Community Development Committee meeting on Tuesday, September 16, outlines a brand new mixed-use development featuring retail and residential space slated for completion in Spring 2017. The plan calls for the existing building located on West 7th Street and Davern Street to be razed and replaced with a multi-story development including 97,600 square feet of retail space, and approximately 120 market-rate apartments. Steven Scott Management is the property management partner of Bader Development and will be responsible for the leasing and management of the apartments.Continue Reading