Schafer Richardson, in partnership with Seward Redesign and Noor Development, has successfully closed and begun work on The Bessemer at Seward. The project is located at 2200 Snelling Ave. in Minneapolis and will include 128 units of market-rate housing. This will be the first new construction, non-income restricted housing in the Seward neighborhood in more than 40 years.
The Bessemer at Seward will be transit-oriented as it is situated directly adjacent to the METRO Blue Line and Hiawatha Bike Trail and one block from the Franklin Avenue Station. Building amenities will include a club room, fitness center, outdoor terrace, dog run, controlled entry, 24/7 secure package system, bicycle storage and bicycle repair station, pet-wash station and on-site management.
The project is part of a community-led, master-planned redevelopment called Seward Commons that will ultimately include four rental housing buildings with a total of 260 units for a range of tenant incomes and circumstances and two commercial projects providing space for small business and arts organizations that reflect and serve the Seward neighborhood.
The project team includes LHB as the architect, Greiner Construction as the general contractor, Steven Scott Management as the property management company, and Catalyst Opportunity Funds and Schafer Richardson Opportunity Zone Fund as the equity partners. Funders for the project include: Merchants Bank, Hennepin County, Metropolitan Council, MN Department of Employment and Economic Development and the City of Minneapolis.
