St. Paul, MN – July 21, 2017 – Gaughan Companies, Commercial Real Estate Developer and General Contractor, closed on the purchase of 304-308 Snelling Avenue in St. Paul on July 12, 2017. The final decision for the purpose of the new development is still being considered. Gaughan Companies is eager to develop in the city of St. Paul again.
Just off of I-94, the property is within walking distance of the Minnesota United FC Stadium and the Snelling Avenue Metro Transit Green Line. In addition to a new Whole Foods, this ideal neighborhood is also conveniently located near several major universities, including Concordia University, Hamline University, Macalester College, University of St. Thomas and St. Catherine University. Over 42,000 vehicles pass by this corner every day.
The current building was constructed in 1913, and the property has been owned by the same person for nearly 40 years. Gaughan Companies is looking forward to the opportunity to redevelop this site and build a new facility for the community.
For more information, visit www.gaughancompanies.com.