Penn Station Apartments
6501 Penn Avenue South, Richfield, MN 55423
Development Overview
Residential Affordable Housing
42 Units (1-Bedroom, 2-Bedroom, 3-Bedroom, 4-Bedroom)
Amenities: In-unit Washer & Dryer, Balconies, Fitness Center, Indoor Playground, and more
Penn Station Apartments is JO Companies next affordable housing development, and is a $23 million new construction development that will deliver 42-Units of affordable, and supportive housing units to the City of Richfield located at 6501 Penn Avenue South.
Penn Station Apartments' modern design reflects innovation, and redefines what affordable housing looks, and feels like. This development will offer one-, two-, three- and four-bedroom units for households making incomes of 30%, 50%, and 60% area median income. Penn Station will be an amenity-rich development. Every unit will have a washer and dryer, balconies, and residents will have access to a fitness center, community room, below grade and surface parking. Penn Station Apartments will also have an indoor playground for children, and will also be adhering to SB 2030. Penn Station Apartments is located on transit, minutes away from Southdale, Mall of America, Minneapolis-Saint Paul International Airport, major employers, grocery, and major highways.
Pope Design Group is the architect and Doran Construction is the general contractor.
Penn Station is projected to close on new construction financing in the second quarter of 2025.