Plaza Verde

The rehabilitation and renovation of the former Antiques Minnesota building in the Midtown Phillips neighborhood of south Minneapolis to create high-quality retail, office/incubator, and non-profit arts space.

Investment

  • NMTC Amount: $4,086,253
  • Total Project Cost: $5,626,724

IMPACT

  • 40 FTE jobs
  • 70 construction jobs

Investor

Project Description

The Plaza Verde project involved the rehabilitation and renovation of the former Antiques Minnesota building in the Midtown Phillips neighborhood of south Minneapolis to create high-quality retail, office/incubator, and nonprofit arts space.

MAP

Address: 1516 East Lake Street, Minneapolis, MN 55407

Census Tract: 27053125800

PDF Profile

Other Minnesota Projects

The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 sq. ft. warehouse building in Wadena, MN, purchase equipment, and provide working capital.
The acquisition of a renovated 32,000 square foot building that now houses educational and job training programs sponsored by Hmong American Partnership.
Financing for a nonprofit that offers care and support to children and young adults with a shortened life-expectancy, and to their families who love them
New facility to serve the Twin Cities area as a center of excellence in children’s mental health.