With office building owners struggling to find tenants in the post-pandemic era, conversions are fashionable again — and downtown Saint Paul is in a good place to capitalize on that trend, according to a new report from the Saint Paul Downtown Alliance.
The Downtown Investment Strategy report — which was based on market analysis, community input, stakeholder feedback and an economic impact analysis — cites public realm improvements and robust predevelopment efforts as keys to improving downtown.
But conversions stand out in the 115-page report as perhaps the most impactful way to increase density and vitality.
“I think we have a number of good conversion candidates, and it’s worth pointing out that we’re not new to this,” Joe Spencer, president of the Saint Paul Downtown Alliance, said in an interview.
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