The rendering shows the building facing northwest. Image courtesy Aeon

Affordable housing developer Aeon wants to build a six-story development near U.S. Bank Stadium in downtown Minneapolis.

The building would be at 920 3rd St. S., on what is now a parking area between the office of Tiger Oak Media and a retail and restaurant building that fronts on Washington Avenue.

The 100-unit development would offer one level of underground parking, bike storage and amenities such as a fitness room. Twenty-eight units would be market-rate with the rest designated as affordable housing.

"We like the parcel because of it's proximity in downtown and the light rail station," said Miranda Walker, a senior project manager at Aeon.

On Tuesday, Walker gave details about the project to the Downtown Minneapolis Neighborhood Association.

The property is owned by Timeshare Properties, which was once Aeon’s landlord. Timeshare had been interested in developing affordable housing on the property and reached out to Aeon. The two organizations plan to co-develop the parcel, Walker said.

The image shows the building along 3rd Street and the Hiawatha Bike Trail.

Older Post

Rand Tower sells

Newer Post

Cushman & Wakefield purchases CWN in Twin Cities