Four years after a tornado damaged dozens of homes and businesses in the district’s heart, North Minneapolis is experiencing a development resurgence. At the intersection of Penn Avenue and Golden Valley Road, the Commons at Penn
mixed-use project is nearing completion; it’s slated for occupancy in early spring.
Less than a mile north on Penn, at the busy five-way intersection of Penn and Broadway, an even more ambitious mixed-use property is taking shape: Broadway Flats
, North Minneapolis’ largest workforce housing project in more than a decade.
Rose Development, a North Minneapolis company owned by a prominent local family, is taking the lead on the project with help from a $1.4 million pay-as-you-go TIF grant
. ESG Architects designed the building. Broadway Flats sits squarely in the track of the 2011 North Minneapolis tornado, which damaged or destroyed dozens of homes and businesses in the neighborhood.
“In the aftermath of the 2011 tornado, a vibrant future is taking shape on the corner of Penn and West Broadway avenues,” said Dean Rose, principal at Rose Development, in a recent post. “Broadway Flats...[is] bringing new vitality and opportunity to West Broadway.”
Broadway Flats’ plans call for 103 units of workforce housing and “a level of quality and amenities not previously available in the community.” Renderings show an oblong, four-story structure that fronts on Broadway and occupies most of an irregularly shaped block.
Broadway Flats will have nearly 20,000 square feet of first-floor retail. About half of that space will be occupied by an expanded and redesigned Broadway Liquor Outlet, which is also owned by the Rose family. The store was extensively damaged in the 2011 tornado and is currently located in a smaller structure across Broadway. Rose Development hasn’t announced tenants for the rest of the first-floor space, but has previously indicated an interest in attracting a high-end restaurant or locally owned retail.
According to Broadway Flats’ website, residents can look forward to a host of high-end amenities that wouldn’t look out of place in the North Loop or Uptown: a high-tech business center; a fully outfitted fitness center; conference, community and party rooms; and heated underground parking.
Plans also call for a partially covered, heated transit platform serving the popular 19 bus. If Metro Transit stays on track with plans for the bus rapid transit C Line, currently slated for a late-decade opening, the Penn Avenue platform will receive an upgrade and/or new signage.