Inland Opens St. Paul Apartments
The community helps fill a gap in a traditionally undersupplied submarket.
Inland Private Capital Corp. (IPC) has taken the wraps off The Arlow on Kellogg, a newly developed, Class A rental community in the downtown district of Saint Paul, Minn. As of last Friday, the apartment community was 82 percent leased.
Rising six stories in height at 253 Kellogg Boulevard West, The Arlow on Kellogg features studio apartments as well as one-, two- and three-bedroom residences. Features and finishes of units include energy-efficient appliances, spacious closets, hardwood floors, in-unit washers and dryers and private patios or balconies. A live and work lobby with co-working spaces is among the prominent amenities of the property. The apartment community also features 136 parking spaces for its 144 apartments.
“The Arlow is in a prime location in Downtown Saint Paul, right across the street from the Xcel Energy Center,” Dan Zatloukal, IPC executive vice president, told Multi-Housing News. “Even so, this market has traditionally been undersupplied with apartments. The Arlow was conceived to fill the apartment gap in this desirable market.”
The location puts the apartment community near the Saint Paul RiverCentre and the Roy Wilkins Auditorium. Residents are nine miles from the central business district of Minneapolis, and seven miles from Minneapolis-Saint Paul International Airport.
“The project was coming out of the ground during the depths of COVID, which was a totally unforeseen challenge that continued to morph over the next several years,” Zatloukal said. “Along with our partner, Carl Kaeding, we were able to navigate all of these different phases, including lockdowns and inflationary pressure on both labor and materials, to deliver the project both on time and on budget.”
Last week, IPC formed a joint venture with Core Spaces to target off-campus, purpose-built student housing.