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Developer finalizes deal to buy 122-acre plot at former Ford site in St. Paul

Updated: December 31, 2019 11:39 AM

Ryan Companies finalized the purchase of a 122-acre plot of land at the site of the former Ford plant in St. Paul, the firm said Thursday in a news release.

The developer was cleared to buy the parcel for $61 million after the St. Paul Housing and Redevelopment Authority signed off on the deal on Dec. 4. Ryan plans to turn the site into a huge mixed-use development that includes housing, offices, retail and green space that Mayor Melvin Carter called "probably one of the biggest undertakings that the City of St. Paul has ever taken on."

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At the culmination of the Ford site project, Ryan said it expects it will contain more than 3,000 "market rate" housing units, 760 affordable housing units, 265,000 square feet of office space, 150,000 square feet of retail space and 50,000 feet of "civic or institutional space."

Redevelopment planned for former Ford plant site in St. Paul

The development would also have more than 55 acres of public and open space, including four new city parks, according to the release. Two little league ball fields currently on the site would remain.

Ryan also announced partnerships with Weidner Apartment Homes, Project for Pride in Living and CommonBond Communities to develop apartments.

As part of the deal, Weidner bought several parcels of land for development over the next decade. Ryan touted the Daymark project at Lake Street and Holmes Avenue in Uptown Minneapolis as a current collaboration with Weidner.

Project for Pride in Living and CommonBond were brought on to support the affordable housing segment of the development. According to the news release, Ryan's deal with the city of St. Paul mandates that 20% of all housing units must be affordable.

“There will be several more announcements regarding partners, retailers, and users in the months and years ahead, and the real estate closing is a significant milestone in the overall redevelopment of the Ford Site," said Tony Barranco, Ryan’s Senior Vice President of Development. "We are grateful to all those that have supported and challenged us along the way — especially the city of Saint Paul, the residents of Saint Paul, and Ford Motor Company."

A Ford factory used to sit on the land, but it was shut down eight years ago and has sat empty ever since. The automaker tore down the plant and spent years cleaning it up for redevelopment.

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Kyle Brown

Copyright 2019 - KSTP-TV, LLC A Hubbard Broadcasting Company

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