Location: Corner of Glenwood and Penn Avenues North
Status: Completed in 2007
Objective: The redevelopment of this historic North Minneapolis landmark addresses several of CPED’s community development goals, providing life-cycle housing to serve diverse household sizes, lifestyles and incomes, as well as a catalyst for the ongoing revitalization of the surrounding neighborhood.
Description: Preservation and restoration of a nationally recognized, historic maternity hospital in the Harrison neighborhood produced 52 mixed-income apartment homes and eight for-sale townhomes on a 1.9 acre site. Named for Dr. Martha Ripley, one of the nation’s first female doctors, the project includes the rehabilitation of three historic structures that had become boarded and vacant. Underground parking preserves the site’s historic character and enhances resident security. The largest development in the Harrison neighborhood in many years, Ripley Gardens provides diverse, high-quality housing opportunities as well as significant green space, walking paths and a play area for residents to enjoy.
Partners: The City of Minneapolis provided financial assistance using a variety of sources including Tax Increment Financing, the Affordable Housing Trust Fund, the Neighborhood Revitalization Program and Low Income Housing Tax Credits. The Low Income Housing Tax Credits resulted in over $5 million of private syndication investment. The redevelopment team included Aeon, Greater Metropolitan Housing Corporation, Hennepin County, the Housing Partnership Fund, Local Initiatives Support Corporation, Minnesota Green Communities, Minnesota Housing, National Trust for Historic Preservation, NorthWay Community Trust, Ripley Memorial Foundation, Southways Foundation and Wells Fargo.
City Contact: Donna Wiemann , (612) 673-5257
June 17, 2005 (pdf) – Starting on page 16 of 52
Updated: December 12, 2008
Last updated Oct 27, 2011