A new affordable living community, Ladder 260, has opened in the Minneapolis Mill District as part of ongoing redevelopment efforts. Developed by Sherman Associates and financed by various organizations including RBC Community Investments and Minnesota Housing, this $34 million project offers 90 new construction affordable homes at its location on Portland Avenue.
According to Chris Sherman, President of Sherman Associates, Ladder 260 is a highly anticipated addition to downtown Minneapolis. This development marks the second phase of their multi-phase redevelopment plan for the city block which also includes a newly built fire station for the City of Minneapolis.
The final phase will be O2 – a luxury tower with 240 units currently under construction on Washington Avenue and Portland Avenue. It is set to open this fall with retail space spanning over 5,500 square feet.
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