THE SECOND PHASE

Phase two would be constructed at 510 West Lake Street and would include a 6-story residential building that essentially mirrors the design of phase one exactly. The building would include 111 units of affordable workforce housing which would be the same amount of affordable workforce housing as what is included in phase one.

In addition to apartments, the building would have ground floor walk-up townhome units located on along Harriet Avenue, 1,000 square feet of retail space, a fitness facility, business center, clubroom, bicycle maintenance/repair room and other community spaces.

56 enclosed parking spaces would be located on the ground floor and one underground level of the building.

A number of green initiatives would also be featured in the project including a green roof and a 40 kW Solar PV collection system that would power the common areas within the building.

THE THIRD PHASE

Located directly next to phase two will be phase three.

Phase three would be a seven-story building with 92 market-rate apartments along with 2,600 square feet of ground floor retail space split into three different spaces. 44 parking spaces would be included on one above ground and one underground level.

Units within the building will include studios, alcoves, one-bedroom and two-bedroom apartments.

Residents would have access to a large ground floor lobby, a bike room with space for 81 bikes, a second level outdoor courtyard and indoor clubroom/lounge, and last but not least a seventh-floor sky lounge with views of Downtown Minneapolis.

Construction on phase three would occur at the same time as phase two and would begin in May 2020. Both projects are anticipated to be complete in late 2021.