According to recent reports, the Red Lake Band of Chippewa Indians has acquired the Amble Hardware building located at 2109 Cedar Avenue South in Minneapolis with plans to develop an affordable housing project in its place.
The building site is situated near one of Minnesota’s largest concentration of American Indians, not to mention just a couple hundred feet from the Metro Transit Blue Line light rail station along Franklin Avenue.
As first reported by the Minneapolis/St. Paul Business Journal, the plan calls for demolition of the old hardware store building and the construction for a large mixed-use development that would include around 115 affordable housing units.
The project, which is being called Mino-bimaadiziwin (Ojibwe for "living the good life”), still needs to be approved by the city, and the tribe is also still working to secure financing, per the Business Journal report.
Should all go according to plan, construction for the new mixed-use development should start sometime in 2018. As the luxury market continues to soften, demand for affordable and entry-level housing in Minneapolis, and all over the U.S. for that matter, continues to soar, so don't expect many issues to arise throughout the approval process.