With Lowertown development, union pension fund invests in Building Trades workers

The AFL-CIO Housing Investment Trust treated the men and women working to redevelop a property in St. Paul’s Lowertown district to lunch Aug. 31, highlighting the trust’s unique approach to investing union pension funds in union-built construction projects. The development, 333 on the Park, is transforming an eight-story office building, originally constructed in 1913, into […]

Union investment fund backs $42.3 million project in Lowertown

A union investment fund announced plans today to renovate an aging, eight-story office building in St. Paul’s Lowertown district. The project will create 134 market-rate multifamily housing units and an estimated 190 union construction jobs. The AFL-CIO Housing Investment Trust (HIT) unveiled the $42.3 million project, dubbed “333 on the Park,” in a press release. […]