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Home / News / Construction & Development /'Entry- level' rentals planned near Northstar station <br />CommonBond Communities plans to build affordable apartments on a two -acre site directly west of a market -rate apartment and <br />townhome project connected to the Northstar Commuter Rail station in Ramsey. (Staff photo: Bill Klotz) <br />`Entry - level' rentals planned near Northstar station <br />St. Paul -based affordable housing developer CommonBond Communities and the city of Ramsey <br />reached a purchase agreement this week for two acres of land between Veterans Drive and <br />Sunwood Drive in the COR (Center of Ramsey) area surrounding the Northstar Commuter Rail <br />station. <br />The nonprofit developer plans to build a 47 -unit building directly west of The Residence at the <br />COR, a $30 million 230 -unit apartment and townhome complex by Flaherty and Collins <br />Properties. The two developments will share a north -south access drive. <br />While the project is in the early conceptual stages, it will be at least two or three stories tall with <br />a mix of one -, two- and three- bedroom units, said Patrick Brama, assistant to the city <br />administrator. The city is aiming for an urban feel in the town about 30 miles northwest of <br />Minneapolis. <br />The two -acre parcel sold for $435,000. The Anoka County Housing Redevelopment Authority <br />will provide $250,000 for the project and the city is seeking Metropolitan Council transit - <br />oriented development grants. <br />The proximity to transit will make the project more competitive as CommonBond applies for <br />funding, according to Amanda Novak, CommonBond's vice president for development. <br />