Jessica Welk joined Sherman Associates, Minneapolis based real estate developer, as...more details »
A collection of recent and significant news articles about Sherman Associates, Sherman Associates' properties and employees.
Sherman Associates, Inc., acting in the capacity of fee developer, recently closed on the financing for a memory care facility and senior services center in the Heritage Park area of Minneapolis. The Heritage Park Senior Services Center will house a YMCA facility, a clinic and several other resources for the community, while the Thomas T. Feeney Manor will house 48 units and will provide essential housing and supportive services to elderly low-income residents who experience memory loss. The memory care facility was also designed to be part of a ‘Green Initiative,’ using green building materials and being designed to reduce the development’s carbon footprint. The total development cost of just over $20 million was largely funded by the American Recovery & Reinvestment Act signed into action in February of 2009. Construction has begun and is expected to be completed in the fall of 2011. Sherman Associates held a reception recently to thank all the parties involved in this project and to celebrate the successful closing of the project financing.
View a rendering of the project below: