The last slices of St. Paul's riverfront will cost you

A new house on the Mississippi River in St. Paul is going to cost you $475,000 to $1.15 million — and that's just for the land.

What's happening: Ryan Cos. and Coldwell Banker Realty – Crocus Hill are marketing 20 of the 34 lots they plan to sell along the river parkway as part of their larger redevelopment of a former Ford assembly plant.

• There will be design standards for the custom homes, including sustainability requirements.
• The total cost for finished homes will likely run from $1.3 million to more than $3 million, Coldwell Banker realtor Jim Seabold told the Minneapolis/St. Paul Business Journal.

What's next: The housing lots hit the market Monday, Ryan Cos. said. Construction will start by the end of the year and homes could be move-in ready by summer 2022.

This story first appeared in the Axios Twin Cities newsletter, designed to help readers get smarter, faster on the most consequential news unfolding in their own backyard.

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