A mixed-use development is underway on St. Pauls West Side

Construction is under way on Farwell-on-Water, a new mixed-use neighborhood on St. Paul’s West Side.

According to Edina-based investment firm Buhl, the 7.25-acre site will include market-rate housing and affordable housing as well as artist studios, offices, a restaurant, and a public green space of one acre.

This architectural rendering shows the one-acre green space that will open to the public in the summer 2024 as part of the Farwell-on-Water district on St. Paul’s West Side. (Courtesy of Buhl Investors)

The construction of the $113 Million project is expected to be completed next summer.

The rents for the affordable units have yet to be determined, but they will be available for people earning up to 50% of median area income.

St. Paul mayor Melvin Carter spoke at a ceremony of a ceremonial ground-breaking on Friday morning. He was joined by developers Pete Deanovic, Harrison Mohagen.

The project was described by Deanovic, the founding principal of Buhl Investors as “a place where art, culture, and community can flourish.”

The project overlooks the St. Paul Cathedral and downtown St. Paul. The former Farwell, Ozmun, Kirk & Co. building, which housed artist’s studios on 102 Water St., is included in the development.

The project will include 221 units at market rate and 63 units with income restrictions, including seven units for housing support services for those who are homeless or disabled.

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