St. Paul Foundation to Expand Downtown Office Footprint
The foundation is adding floors in the Osborn370 building to house new community spaces for local strategic partnerships.
Updated on Oct. 26, 2026 in Philanthropy
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The St. Paul and Minnesota Foundation is expanding its headquarters in the Osborn370 building to the 17th and 18th floors. This move, which follows the foundation's move to the property in January 2025, supports a broader $15 million commitment to downtown St. Paul revitalization.
Why it matters
By increasing its footprint in the urban core, the foundation is physically centralizing its philanthropic operations to better support local economic development. This expansion signals a long-term strategic focus on downtown density and community partnership capacity.
The foundation manages nearly $2 billion in charitable assets and recently committed $15 million to downtown revitalization efforts. The Osborn370 building currently houses 25 tenants across its 20 stories.
The players
St. Paul and Minnesota Foundation
A philanthropic institution founded in 1940 that manages nearly $2 billion in charitable assets.
Chanda Smith Baker
The president and CEO appointed in summer 2025 to lead the foundation's strategic initiatives.
The details
The foundation is moving its internal offices to the 18th floor starting next month to consolidate its presence. Meanwhile, the 17th floor is being repurposed into a dedicated community space designed to foster strategic partnerships. This physical integration into the multi-tenant Osborn370 office environment aims to facilitate closer collaboration with local stakeholders.
Timeline
The foundation moved to the Osborn370 building in January 2025.
Chanda Smith Baker took over as president and CEO in summer 2025.
A $15 million commitment for downtown revitalization was announced in August 2026.
Relocation to the 18th floor begins in November 2026.
The community space on the 17th floor is scheduled to open next year.
Market Landscape
The headquarters expansion follows the $15 million downtown St. Paul revitalization commitment, cementing the foundation's role in the city's urban strategy. This move mirrors trends of philanthropic entities embedding themselves within commercial office hubs to increase stakeholder access.
Operators in the downtown area should monitor the foundation's upcoming community space as a potential hub for strategic partnership opportunities. The relocation underscores the importance of physical proximity for businesses engaging with large-scale local investment programs.
The takeaway
The foundation's expansion demonstrates how large institutional players are anchoring their operations to drive urban revitalization. Business owners should track the 17th-floor community space opening next year as a signal of where local strategic partnership activity will be concentrated.
What happens next
The foundation will open its dedicated community space on the 17th floor in 2027.
Further reading
For broader insight into local capital allocation, visit the Philanthropy section.
Source note: This article includes information reported by Twin Cities.
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