
There’s no more meaningful investment
in a neighborhood than making your home there. The Phillips
Partnership has funded, organized or helped support $35 million
in improvements to the neighborhood’s housing stock
and streetscapes.
Midtown Exchange (2004–2006)
For decades the
Sears center at Chicago and Lake supplied household goods
to the Minneapolis region. Now, the site's redevelopment into
the Midtown Exchange relies on housing to support its
mix of uses. In 2006, the Midtown Exchange began offering
approximately 360
units of new housing geared toward a range of incomes
from market rate to 50-percent area median income (AMI). These include rental apartments and for-sale condominiums within the original 1928 former Sears building, as well as for-sale townhomes and condos in the Midtown Exchange Condos, a new building immediately adjacent to the historic tower. Developed by Project for Pride in Living, the award-winning Midtown Exchange Condos offer a high-quality, secure, and amenity-filled housing option in the Midtown Phillips neighborhood. For more information on the project, including available units, click here.
Joseph Selvaggio Initiative (1998–2001)
A $6.8 million investment that stabilized a section
of West Phillips through home-improvement grants, multi-unit
housing rehabilitations and streetscape improvements. Housing
values have led the metro area three years in a row. Led by
Allina Health System.
East Phillips Infill Campaign
(1999–)
More than $1 million invested in 20 new single-family
homes built on vacant lots in East Phillips. Led by the Fannie
Mae Foundation.
Portland Place (1997–1999)
A
$12 million project to build 52 new owner-occupied homes.
Led by Honeywell.
Phillips Park Initiative (1997–1998;
2003–)
To date $15 million has been invested to create 29
new home-ownership opportunities in townhouses, condominiums
and carriage houses, and to improve adjacent properties. Twenty-four
new rental units are now underway as part of Phase II, with
additional new owner-occupied units planned. Led by Phillips
Eye Institute and Lutheran Social Services.
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