A Minneapolis mansion that was once considered among the most endangered historic places in the state is being rescued by a trio of developers who will connect the 133-year-old stone structure to a new apartment building with a three-story glass breezeway.
Crews started work this week on a new five-story apartment building that will be married to the three-story Alden Smith mansion, which will be repurposed as a one-of-a-kind amenity that incorporates a billiards room with community piano, cocktail lounge and co-working spaces for residents. The $26 million project will also include a 64-foot-tall "green wall" that will give residents on the back of the apartment building a view of live plants rather than nearby buildings.
The 124-unit project is less than a block from Loring Park on the campus of the Minneapolis Community and Technical College (MCTC), which has been pursuing redevelopment options since 2010. The development team, which includes W+Noordijk, Yellow Tree Development and Sentinel Management Co., acquired the mansion at 1403 Harmon Place and two adjacent undeveloped parcels from the state of Minnesota in late October.
In 2016, MCTC asked the city to assist with the sale of the mansion, which had been considered by other developers who deemed it too costly and complicated to renovate.
Paola Bernardi Sipe, president of Sentinel Management, said that while the company normally doesn't partner with other developers, she was willing to participate because of the opportunity to save the mansion.
"This is one of the most unusual and exciting projects we've done," she said.
For the developers, the project has been a yearslong commitment that has been far from routine. It comes at a particularly challenging time in the rental market, which has no shortage of new, low-rise buildings with similar designs and amenities in a city that's reeling from a global pandemic and a summer of civil unrest.
Brian Woolsey, principal at W+Noordijk, said that the project has gone through several iterations and several potential partners. He hopes the literal connection to the mansion and a host of unusual amenities will help it stand out in a market that's considerably more competitive than when he first starting working on the project several years ago.