Affordable Housing

ARTSPACE PLANS AFFORDABLE ARTIST APARTMENTS

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Artspace is planning more affordable artist apartments in Minneapolis, this time in the Harrison neighborhood.

Northside Artspace Lofts will be built on a site that is currently home to a warehouse located at 221 Irving Avenue N. Once complete the building will stand 5-stories tall and will feature commercial space, amenity space and 100 affordable apartments for working artists.

The ground floor of the building will house the lobby, a 2,565 square commercial space, three art studios, two large common studios, a dance/exercise room and a large community room. Floors two through five will house the residential units. 104 parking spaces will be located on the ground floor and one underground level of the building.

Units within the building will range in size and will include studios, one-bedroom, two-bedroom and three-bedroom units.

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10 of the 26 three-bedroom units will be available to those with project-based section 8 vouchers. 70 of the units within the building will be available to households with an income at or below 60 percent of the area median income (AMI). 20 units within the project will be reserved for households within an income at or below 50 percent of the AMI and ten units will be reserved for households with an income at or below 30 percent of the AMI. 

Did you get all that? Message us if you’ve got questions.

One exciting aspect of the project is that the commercial space has already been leased to Juxtaposition Arts. They’re a local youth oriented non-profit visual art center that is known for their community collaborations, studio classes and workshops, public mural programs, art exhibitions and more. Talk about the perfect tenant for a project like this.  

The team working on Northside Artspace Lofts includes Collage Architects, Wellington Management, Artspace, LHB and Wenck.

Construction on the project is anticipated to begin later this year.

 

AFFORDABLE APARTMENTS PLANNED FOR THE NORTH LOOP

A planned mixed-use project in the North Loop has made the switch from market-rate to affordable apartments.

The Redwell will be constructed on the corner of N 10th Avenue and N 3rd Street at 1000 N 3rd Street. The site is currently occupied by the Zuccaro’s Produce warehouse which will be demolished in order for the new building to be constructed.

The new building once complete will stand six stories tall and will feature 109 affordable apartments and 10,200 square feet of ground floor commercial space. In order to secure a unit within the building an applicant’s income will need to be 60 percent or less of the area median income.

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Schafer Richardson is the developer behind The Redwell. They have a number of complete projects within the North Loop and also were the developers who recently constructed a large parking ramp with ground floor retail space next to the site that The Redwell will occupy.

This isn’t the first proposal for the Zuccaro’s Produce site. Originally Schafer Richardson had proposed keeping the existing warehouse and adding two additional floors of office space to the building. Those plans never came to fruition and the company returned last year with the original proposal for The Redwell. At that time the project was proposed to include 129 market-rate apartments and roughly the same amount of commercial square footage.

UrbanWorks is the architectural firm that has been working on both proposals for the site. With the new proposal the overall design for the building has remained largely the same, however throughout the residential floors a few units have been combined in order to create 2-bedroom units (hence the decrease in the overall unit count).

A development with affordable apartments will be a welcome addition to the North Loop neighborhood especially after Dominium’s proposed conversion of the Duffy Paper building in affordable apartments fell through last year. 

Construction on The Redwell is anticipated to begin later this year.

 

NORTH LOOP'S DUFFY PAPER BUILDING COULD BECOME HOUSING

Domimium's proposal for 528 Washington Avenue N.

One of North Loop's last remaining large warehouses may soon see new life as housing.

The Duffy Paper building (528 Washington Avenue N) is one of the last remaining undeveloped properties located on Washington Avenue in the North Loop. The massive building once housed Duffy Paper's offices and production facilities, however in 2016 the business ceased operations within the building and since then it has sat largely vacant.

Plymouth based Dominium would be responsible for the new redevelopment of the building. Dubbed "Iron Store", that project would bring 200 affordable housing units to the North Loop. The project is unique in the fact that 100 percent units would be affordable units, something that the North Loop, one of the most expensive areas to live in Minneapolis, is greatly lacking.

THE PLANS

The large seven story building located at the corner of Washington Avenue and N 6th Avenue would have it's exterior restored and the interior converted into apartments. In addition, Dominium would renovate two additional 1916 warehouses located to the right of the Duffy Paper building into apartments with the grand total for apartments in all three buildings coming in around 140.

But wait, there's more.

Dominium also has plans for the vacant parking lot at the corner of the site at the intersection of Washington Avenue and N 5th Avenue. Plans for that site would include a new residential building that would also house affordable apartment units, about 60 in total, along with underground parking.

Dominium hopes to begin construction on the project in 2019 with an anticipated completion in 2021.

ABOUT DOMINIUM

Based out of Plymouth, MN, Dominium "is one of the nation’s largest and most innovative affordable housing development and management companies." They're no stranger to developing housing and affordable housing is one of their specialties. To top it off, they're skilled in restoring and reconfiguring historic buildings.

A-Mill Artist Lofts

A-Mill Artist Lofts

Take for example the A-Mill Artist Lofts, one of Dominium's projects that is within the historic Pillsbury mills located along the Mississippi River. Dominium converted that massive building and a few surrounding buildings from run down warehouses into a thriving artist community of 251 lofts. Best part? 100% of the units are affordable. The total project cost came in around $175,000,000, a huge investment for the neighborhood.

Schmidt Artist Lofts

Schmidt Artist Lofts

Another prime example of Dominium's expertise is the Schmidt Brewery. Completed in 2014, Dominium took that run down site and brought it back to it's former glory, converting the brewery into 247 loft apartments and 13 townhomes. The total investment? $130,000,000.

Those are just two local examples of Dominiums commitment to developing affordable housing. We can't wait to see what magic they work on the Duffy Paper building.