Schafer Richardson, a Minnesota-based real estate business, has begun work on the Peregrine housing project, which will bring 163 units of affordable housing to Minneapolis’ Hawthorne neighbourhood.
The project site, which was formerly occupied by a single-story commercial structure and a surface parking lot, is located on the Mississippi River at the intersection of West Broadway Avenue and West River Road North.
Peregrine will be a new-construction seven-story multifamily apartment structure with covered parking, residential amenities and on-site administration. It will offer one-, two-, three-, and four-bedroom apartment units, attracting both individuals and families, with income restrictions ranging from 30% to 80% of the Area Median Income.
Located in one of Minneapolis’ Green Zones, Peregrine housing is pursuing LEED green building certification through the US Green Building Council in order to give its inhabitants a sustainable and energy-efficient living environment.
Peregrine housing project team
UrbanWorks Architecture, an award-winning architecture firm in Minneapolis specializing in office, mixed-use, multifamily, and other complex urban infill projects designed the Peregrine housing in Minnesota, which will be built by Greiner Construction, a Minneapolis commercial contractor that provides strength from the inside-out—renovations, tenant improvements & new construction, and managed by Steven Scott Management, one of the largest locally owned property management firms in Minnesota.
Colliers International, a Canada-based diversified professional services and investment management company, Hennepin County, the City of Minneapolis, Metropolitan Council, Bridgewater Bank, AFL-CIO Housing Investment Trust, and Huntington Bank supplied funding for the project.