Pak Properties

Empowering St. Paul's Urban Landscape

Pak Properties stands as a trusted name in St. Paul's real estate landscape, driven by a passion for transforming and enriching the cityscape. Led by visionary founder Rich Pakonen, our entrepreneurial spirit has resulted in the development and rehabilitation of diverse residential and commercial properties throughout the city.

Our Vision & Expertise

Founded in 1994, PAK Properties has established itself as a leader in urban and in-fill development, specializing in:

• Residential: Luxury condominiums, market-rate and low-income rental housing, assisted living facilities.
• Commercial: Retail spaces, office buildings, redevelopment of historic properties.
• Mixed-Use: Innovative conversion of vacant buildings into vibrant residential and commercial spaces.

A Commitment to Community

We believe in fostering vibrant and sustainable communities, ensuring our projects enhance the character and functionality of St. Paul. We work hand-in-hand with city stakeholders, prioritizing:

• Collaboration with local businesses and entrepreneurs.
• Preservation and rehabilitation of historic structures.
• Creation of diverse and inclusive housing options.
• Enhancement of public spaces through innovative development.

Our Proven Track Record

Throughout our journey, PAK Properties has completed numerous successful projects, including:

• The Lowry: Conversion of a historic building into a mixed-use development featuring residential and retail spaces.
• Osborn370: Modernization and transformation of a towering office building.
• Pioneer Endicott: Resurgence of a landmark building into a vibrant community hub.

Join Us on the Journey

Pak Properties is driven by a dedicated team of professionals with extensive experience in real estate development, investment, and construction. We are passionate about shaping the future of St. Paul and fostering a thriving and connected community.