Community Planning & Economic Development

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1800 Plymouth Avenue Townhomes

Olson Development is planning an 18-unit townhome development on this vacant site in the Willard-Hay neighborhood in North Minneapolis. The site is just blocks away from the Heritage Park Project and less than three miles from Downtown Minneapolis. Each unit will have a garden level unfinished expansion space of approximately 500 square feet with a roughed-in second bath. Sales prices will start at $201,600. Buyers earning less than 50 percent of median income will be eligible for assumable second mortgage assistance.

Developer:

Olson Development

Architect:

LHB

City Financing:

$180,000 Affordable Ownership Housing Program (AOHP) Buyers 2nd Mortgages

            

$50,000 - Empowerment Zone

 

$146,126 – Neighborhood Revitalization Program/Northway Area Foundation

Total Development Cost: 

Approximately $4.1 million

Number of Units: 

18

Unit Sizes: 

Units will include approximately 1,100 square feet of finished living space and private screened porches.

Parking:

Single-car garages

Construction to begin: 

TBD

Expected completion date:

12 – 18 month construction period

Information subject to change.

December 2007

Last updated Oct 28, 2011

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