Saint Paul Public Schools has hired Cushman & Wakefield NorthMarq to facilitate a sale of the former Riverside Elementary school building at 900 Albion Avenue in St. Paul.
The team of Paul Donovan, Jaclyn May and Jeremy Striffler will list the property for sale, with the most likely outcome a thoughtful redevelopment of the 5.4-acre site. The site is guided for mixed-use, as part of the West Seventh Street transit corridor, and is also part of the popular Highland neighborhood and a short drive from the St. Paul Central Business District.
“There are a lot of great things happening on West Seventh,” said Tom Parent, Director of Facilities for Saint Paul Public Schools. “But this property isn’t part of the school district’s strategic needs for the next decade, and the resources that go into it are better utilized in supporting our 71 other sites.
The West Seventh Street and Highland Park areas have been magnets for new multifamily, hospitality and retail development and redevelopment during the past decade. Nearby Shepard Road and West Seventh are popular corridors for mixed-use multifamily housing. Positioned on the southwest quadrant of Seventh Street and Interstate 35E, the location provides easy access to the downtown St. Paul core, as well as the Mall of America and Minneapolis/St. Paul International Airport.
For more information on the Saint Paul Public Schools site, visit spps.org/900albion.