845 Grand Avenue

857 Grand Avenue, St. Paul, MN
Grand and victoria
Grand and victoria

Located at 857 Grand Avenue, the Grand & Victoria project is poised to redefine the intersection of Grand Avenue and Victoria Street with a six-story, mixed-use development. Spearheaded by Afton Park Development, this $40 million initiative will introduce 87 market-rate apartments atop 12,000 square feet of street-level retail, blending contemporary living with the historic charm of St. Paul.

Project Highlights

  • Address: 857 Grand Avenue, St. Paul, MN

  • Developer: Afton Park Development

  • Residential Units: 87 market-rate apartments

  • Retail Space: 12,000 square feet

  • Project Cost: $40 million

  • Status: Predevelopment (Rezoning approved March 12, 2025)

  • Estimated Groundbreaking: Early 2026

  • Estimated Delivery: Late 2027

Residential Vision

The Grand & Victoria development aims to meet the growing demand for high-quality housing in the Grand Avenue corridor. With unit sizes ranging from 550 to 2,300 square feet, the apartments are designed to appeal to both downsizing locals and young professionals seeking modern amenities in a walkable neighborhood.

Retail Activation

Afton Park Development is actively curating a retail lineup to enhance the Grand Avenue experience. Negotiations are underway with a flagship retail tenant, and the remaining spaces are expected to attract top-tier food and beverage concepts, reinforcing Grand Avenue's status as a regional destination.

Market Outlook

Despite national slowdowns in the multifamily sector, the Twin Cities market remains robust. In the third quarter of 2024, the region experienced an absorption of over 3,100 units, nearly triple the 2015-2019 average, marking the second consecutive quarter of top-five multifamily demand since CoStar began tracking the data in 2000 . This resilience, coupled with limited new supply in core neighborhoods and favorable public incentives, positions the Grand & Victoria project for long-term value.

Developer Profile: Ari Parritz, Afton Park Development

Founded in 2021 by Ari Parritz, Afton Park Development focuses on sourcing, designing, entitling, financing, and managing new projects. Parritz, a Twin Cities native, has developed nearly 1,000 units of multifamily housing over his seven-year development career, including mixed-use projects and for-sale condominiums. 

Nearby Local Gems

  • Café Latte: A popular spot known for its desserts and wine bar, located just steps from the development.

  • Grand Ole Creamery: A local favorite for handcrafted ice cream, offering a nostalgic experience on Grand Avenue.

  • The Nook: A cozy neighborhood bar and grill, famous for its Juicy Lucy burgers.

  • Cathedral of Saint Paul: An architectural landmark offering panoramic views of the city, located a short drive away.

  • James J. Hill House: A historic mansion providing insights into the Gilded Age, situated near Summit Avenue. 

Stay Informed

The Grand & Victoria project represents a significant investment in the revitalization of St. Paul's Grand Avenue corridor. By integrating modern residential units with curated retail spaces, Afton Park Development aims to create a vibrant, walkable community that honors the area's rich history while meeting contemporary needs.

Project Details

Developer

Afton Park Development

Type

Multifamily

Unit Count

87

Financing

$40 million

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