Developer buys part of St. Paul school site for senior housing

J.A. Wedum Foundation is moving ahead with its plan to build senior housing at the site of a St. Paul school, buying one piece of the Highland Park property for $1.7 million. 

Finance & Commerce reports on the deal for a portion of the school site at 848 Albion Ave. (The full property’s price is $3.4 million, but the site was split into two separate transactions because Ramsey County is doing some rejiggering of the three-way intersection at Seventh Street, Montreal Avenue and Lexington Parkway,…