Posts by cinchws

As the first heavily built-up Minnesota community that drivers on Interstate 94 see after crossing the St. Croix River — and the last they encounter heading eastbound — Woodbury has for decades enjoyed higher visibility than many Twin Cities suburbs. Read More on Finance & Commerce

Two affordable apartment developments with nearly 500 units in total are advancing in Woodbury, including one project that failed to move forward in a previous iteration as a market-rate building and another with a rare “difficult-to-develop” designation. Read More on Finance & Commerce

Developers are pitching two projects that would bring nearly 500 apartment units to Woodbury. Read More on Minneapolis/St.Paul Business Journal

LS Black is building an $88 million rental community north of Austin, in Round Rock. None of the units are market rate apartments. The Preserve at Mustang Creek, will consist entirely of apartments priced for households that make 30% to 60% of the area median income. Read More on Connect CRE

Deeply affordable housing is headed to the northern reaches of the State Highway 130 corridor. Minnesota-based LS Black Development will develop the project that is expected to bring 252 badly-needed affordable apartments to the metro, according to an August announcement. In recent years, homebuyers’ purchasing power across the metro has been drastically reduced as Austin…

Commercial-industrial building permit activity in St. Paul was up sharply last month thanks in large part to a $65 million project that will bring more affordable housing and new office space to the Dayton’s Bluff neighborhood. Read More on Finance & Commerce

Three years ago partners Mike Hudson, Willy Boulay and Sterling Black launched LS Black Development in leased space in St. Paul. Now they’re getting ready to break ground on The Balsam on Broadway, a $65 million, mixed-use project that includes 128 units of affordable housing and 5,500 square feet of space where they can grow…

By unanimous vote, city officials authorized Round Rock Mayor Craig Morgan at a July 14 meeting to execute a development agreement with property owner LSBD Inc. regarding a future affordable housing option near SH 130. Read More on Community Impact

Construction is underway in northeast Minneapolis on Canvas Apartments, a $71 million, 160-unit affordable housing complex of up to three-bedroom units. Read More on Star Tribune