Community Planning & Economic Development

Phone: (612) 673-5095
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Bottineau Commons on University

1800 University Avenue NE

The Bottineau Commons on University project will be developed on the Jubilee Foods site at 18th and University and will occupy about two-thirds of that site. The project will consist of 119 newly constructed rental units in a U-shaped apartment building and will include approximately 28 one-bedroom units, 63 two-bedroom units, and 28 three-bedroom units.

Developer:

Sherman Associates

Financing: 

$9,450,000 Tax Increment Financing (TIF)

 

$3,075,000 Minnesota Housing Finance Agency MARIF funds

 

$2,384,742 Syndication Proceeds

City Investment: 

$9,450,000 TIF

Total Development Cost: 

$15,085,043

Number of Units: 

119

Unit Sizes: 

28 one-bedroom, 63 two-bedroom, 28 three-bedroom

Number of Affordable Units: 

25

Construction began:

January 2002

Completion Date: 

Spring 2003

For More Information:

Sherman Associates - (612) 332-3000

Information subject to change.

January 2003

Last updated Oct 28, 2011