Broadway Street Development announced the closing for a new affordable housing project that will bring 237 units to 580 Manning Ave. S. in Woodbury, Minnesota.
Construction of The Meadows at Prairie Ridge, a four-story multifamily residential project that will sit just south of I-94 is scheduled to begin in early summer, with the target of welcoming residents in spring 2027.
The Meadows at Prairie Ridge will have 233 surface parking spaces and 243 interior garage stalls. In addition, community amenities will include a clubroom, a courtyard with a pool, grilling stations and patio space, playgrounds and a fitness center with a separate group and yoga studio featuring free access to on-demand fitness programming. The complex will also feature a year-round interior kids’ playroom, a secured package room, work from home suites, a reservable conference room, a pet spa and dog park, on-site management and maintenance staff and secure access to the building.
“We are thrilled to announce The Meadows at Prairie Ridge, and we’re grateful for all the partners who are helping make it possible to bring 237 units of affordable housing to Woodbury,” said Mike Hudson, Vice President at Broadway Street Development. “This development will continue to show how affordable housing can be reimagined and will build a community where people can thrive. We look forward to breaking ground and bringing these new homes to life.”
This development will be situated between a newly constructed Amazon light industrial facility to the north, and the City of Woodbury’s Prairie Ridge Park to the south. The project dedicated 3.5 acres of woodland to the City of Woodbury to expand Prairie Ridge Park and provide direct access for tenants to walking paths in the park. The Meadows at Prairie Ridge will comply with the Minnesota Overlay to Green Communities, which includes an Energy Star for Multifamily Certification. The development also includes public improvements such as a public road connection to the site, expansion of public trails and the construction of turn lanes for the project on Manning Avenue.
The development is made possible by many partners, including the Washington County Community Development Agency, the City of Woodbury Housing & Redevelopment Authority, U.S. Bancorp Impact Finance, KeyBank, Greater Minnesota Housing Fund, Bridgewater Bank, US Bank Trust Company, First American Title Insurance, Roers Residential, Colliers Securities, ESG Architecture & Design, Eastside Builders, and Loucks.
