Ford Center

New Markets Tax Credit Coalition

Minneapolis,
MN
(2011)

Ford Center

Community, Historic Rehabilitation, Mixed-use, Mixed-use and Commercial

Renovation of historic office building with community facilities.

Investment

NMTC Amount: $22,451,000
Total Project Cost: $74,834,762

IMPACT

110 FTE jobs
225 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
269,000 sq. ft. of real estate

CDEs

CCG Community Partners, Midwest Minnesota CDC, WNC National Community Development Advisors

Investor

US Bank

Project Description

Renovation of historic office building with community facilities. United Properties Investment, LLC has successfully completed the Ford Center redevelopment project by transforming a former automobile factory into a 269,000 sq. ft., LEED-certified Class A office building targeted to creative services businesses. The Ford Center redevelopment project returned a 95-year-old, dilapidated Ford Assembly plant to its historic condition for lease to office tenants. It is the first office project in the “North Loop” neighborhood for over 10 years and the aesthetically pleasing redevelopment and environmentally friendly design served to stimulate other economic development in this historic neighborhood.

MAP

Address: 420 Fifth Street North, Minneapolis, MN 55402

Census Tract: 27053126100

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