Schafer Richardson, in partnership with Seward Redesign and Noor Development, Begins Work on Seward Neighborhood Site for Transit-Oriented Multifamily Development Project in Minneapolis
Posted Under: News
It is with great pleasure to announce that Schafer Richardson, in partnership with Seward Redesign and Noor Development, has successfully closed and begun work on The Bessemer at Seward. The project is located at 2200 Snelling Avenue and will include 128-units of market rate housing. This will be the first new construction, non-income restricted housing in the Seward neighborhood in over 40 years.
The Bessemer at Seward will be transit-oriented as it is situated directly adjacent to the METRO Blue Line and Hiawatha Bike Trail and one block from the Franklin Avenue Station. Building amenities will include a club room, fitness center, outdoor terrace, dog-run, controlled entry, 24/7 secure package system, bicycle storage and bicycle repair station, pet-wash station, and on-site management.
The project is part of a community led, master planned redevelopment called Seward Commons that will ultimately include four rental housing buildings with a total of 260 units for a range of tenant incomes and circumstances, and two commercial projects providing space for small business and arts organizations that reflect and serve the Seward neighborhood.
The project team includes: LHB as the architect, Greiner Construction as the general contractor, Steven Scott Management as the property management company, and Catalyst Opportunity Funds and Schafer Richardson Opportunity Zone Fund as the equity partners. Funders for the project include: Merchants Bank, Hennepin County, Metropolitan Council, MN Department of Employment and Economic Development, and the City of Minneapolis.
About Seward Redesign, Inc.
Redesign is a place-based nonprofit community development corporation dedicated to the Seward and Longfellow neighborhoods of South Minneapolis. Started as a grassroots initiative in 1969, Redesign has grown to offer a range of comprehensive services including community planning, housing and commercial real estate development, and small business technical assistance. We envision the neighborhoods where we work as healthy, diverse, and sustainable communities where all people have the opportunity to thrive.
About Noor Companies
Noor Companies (NŌR) is a minority woman owned for profit social enterprise General Contractor and Developer. Our work is centered on delivering exceptional construction and development projects with a larger impact on building the future talent and the next generation of leaders in the construction industry. We collaborate with our customers public, private, and nonprofit entities to plan, engage, design, build and sustain vibrant environments for communities to live, work and pursue their dreams.