Oxbō Apartments give a downtown respite from city life – Finance & Commerce – Minnesota News

Oxbō Apartments give a downtown respite from city life – Finance & Commerce – Minnesota News

From the one-third-acre pool deck on the second floor of the Oxbō Apartments in downtown St. Paul, it’s easy to forget that there’s a National Hockey League arena and busy Kellogg Boulevard just a block away.

From the pool at the 191-unit, mixed-use luxury building at 202 W. Seventh St., the only features in sight are the Mississippi River, bluffs, the Victorian homes of the Irvine Park neighborhood, and a sliver of Seventh Street.

“At times, you may want to have more of that quiet, serene feel,” said Nick Murnane, a senior real estate development manager with Opus, in an interview.

Oxbō was built on the former site of Seven Corners Hardware, a spot where it is part of downtown and an oasis from it, according to its developer, Minnetonka-based Opus Group.

The total project cost was $30.9 million, according to permits filed with the city.

Opus’ architecture division and Minneapolis-based ESG Architects designed Oxbō with a southern exposure that brings sunlight onto the deck. Oxbō is designed in a U-shape around the deck, and about half of the resident balconies face it.

Opus threw Oxbō a grand opening party on Thursday to give members of the development team, current residents and possible future residents a look at the apartments. Oxbō opened for move-in on March 1. Thirty-five percent of the units are now occupied, Murnane said. Total leasing and preleasing has reached 45 percent.

The six-story, wood-frame complex is part of a larger redevelopment site at the corner of Seventh Street and Chestnut Street North. In 2015, Opus paid $4.1 million for hardware store site at 216 W. Seventh St.,…

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