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 financing for construction and other project costs associated with a 23,040 SF manufacturing facility, 7,800 SF warehouse and improvements/upgrades to an existing 4,000 SF building located in Pine
Financing for the Child Youth Services Center with boys and girls club and headstart
New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.
Recognizing the need to expand services along the Rice Street corridor, OCHC purchased a building at 916 Rice and has renovated and opened its second clinic.