Type: New Construction
Role: Developer, Owner, Manager
Building Space: 82 Income Restricted Units
Financing: Cedar Rapids Bank & Trust, Tax Increment Financing - National Bank of Commerce, Met Council, LIHTC, HOME Passive House
Location: Saint Paul, MN
Year Completed

Overview / Details

Project Value: $29 Million

Verdant delivers 82 income-restricted apartment homes to the West Side neighborhood of St. Paul. This six-story development consists of five stories containing 82 residential units and common areas, and one level of underground parking with 72 rentable parking spaces; in addition to 11 surface level parking spaces.

Verdant is the first certified, mid-rise, Passive House multifamily building of this construction type in this climate zone. This design follows principles that are geared towards maximizing energy efficiency and can make a building up to 90% more energy-efficient than a standard building.

Passive House standards are used to design houses and buildings that are heated and cooled through passive means like solar panels, heat recovery air exchangers, hot water recovery, insulation, and more. To achieve Passive House certification, buildings must reach multiple standards that incorporate the five main principles of Passive House design, which include: high performance, triple-pane fiberglass windows; continuous, super-insulated envelope; airtight construction; no thermal bridge; and mechanical heat recovery. Benefits include excellent air quality, even temperature distribution, lower utility bills, and reduced noise levels.

Verdant is part of Sherman Associates’ mixed-income, sustainable development in St. Paul. Verdant is located between The Scenic, a market-rate property of 171 luxury apartment homes, and West Side Flats, which brings 142 market-rate and 36 affordable apartment homes, as well as 6,185 SF commercial space to the neighborhood.

Units have open-concept layouts with a variety of floorplans to accommodate any household size and are equipped with large triple-pane fiberglass windows for sound control, energy efficiency, and airtightness. Building amenities include a club room, private conference room, fitness center, outdoor tot lot and package concierge.

Located across the Wabasha Street Bridge from Lowertown and the Green Line at Union Station, Verdant offers direct driving, walking, or biking access to the numerous shopping, entertainment, retail, and dining options that Lowertown and the Downtown Core have to offer; while still maintaining a natural balance and sense of separation from urban living with an abundance of greenspace, parks, and trails.

Energy usage at Verdant is partially offset by two solar gardens developed by Sherman Associates located in Carver County and Washington County.