A proposed development, located at the northeast corner of Lake and Harriet, is set to include two buildings with 222 affordable housing units, including several units targeted for homeless veterans. The first six-story apartment building was approved by the City of Minneapolis Planning Commission.
Lupe Development, which is proposing the project, is partnering with nearby VFW Post 246 to provide supportive services to the veterans living at the proposed development, according to the VFW.
“Lake Street Apartments will bring much-needed affordable housing to this neighborhood,” said Steve Minn, vice president and chief financial manager of Minneapolis-based Lupe Development Partners, which is proposing the project. “Our partnership with the local VFW will ensure that our veterans are well supported in this new environment.”
The proposed development would include a mix of studios, one- and two-bedroom units and townhouses. To be eligible for the housing, residents would need to earn no more than 60 percent of the median family income.
Located close to the Midtown Greenway, bike storage and a bike repair room are included in the proposed development. Other amenities include green roofs, solar panels, a fitness facility, business center, community rooms, outdoor decks, and murals.
Pending city approvals, construction is expected to begin in early 2019 with leasing beginning in 2020.
Lupe Development is a prominent affordable housing developer and has completed several recent affordable housing projects including the Mill City Quarter in Minneapolis and East Side Apartments in Saint Paul.
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