Union Investment Fund Backs $42.3 Million Project in Lowertown

From Union Advocate 2/18/16:  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. A fixed-income investment company, the HIT manages over $5.5 billion in assets for over 380 investors, including union and public-employee pension plans.  Read entire article here.