Community Planning & Economic Development

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Gaar Scott Historic Lofts

614 First Street North

Gaar Scott Historic Lofts is another riverfront housing project. The  30-unit project includes 9 one bedroom rental units affordable to individuals at or below 50 percent of the Standard Metropolitan Statistical Area, and 15 loft units at market rents. Six of the market-rate units are furnished and leased to the Minnesota Opera for their out-of-town performers. An adjacent concrete building was torn down to provide 24 surface parking spaces for the apartments.


Brighton Development


$3,000,000 Tax-exempt Housing Revenue Bonds


$300,000 Taxable Housing Revenue Bonds


$846,561 Syndication Proceeds


$631,527 Developer Loan


$697,500 Development Account

City Investment:


Total Development Cost: 


Number of Units:

21 rental housing units


9 one bedroom affordable units 

Renovation Began:  

September 2000

Renovation Completed:

December 2001

For more information:

BDC Management (612) 371-0766.

Information subject to change.

January 2002

Last updated Oct 28, 2011



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