One of the most-anticipated apartment projects in south Minneapolis is on its way.
Sherman Associates recently closed on financing for its $28.5 million Longfellow Station project -- a 180-unit mixed-income and affordable rental project that will anchor redevelopment of a once-industrial stretch along Hiawatha Avenue in South Minneapolis.
The project is not far from the Mississippi River and is along the Hiawatha Light Rail line, which has been the subject of a broad effort to encourage development along public transit routes. Already, several hundred condos and apartments have been built along the rail line, and this particular stretch of Hiawatha had long been an industrial rail corridor with tall concrete grain silos and metal train sheds. Throughout the city, thousands of rental units are being built, though few of them have an affordability component. Construction is expected to take about 14 months. For details go to www.sherman-associates.com.
