Restaurateur David Fhima Serving as Visionary for Food & Beverage in Sherman Associates’ Harmonia Development in Minneapolis

{MINNEAPOLIS, MINN., January 10, 2023}—Sherman Associates and David Fhima announce the vision for a new food & beverage concept within the Harmonia development, located at the southwest corner of South Washington Avenue and 3rd Avenue South in Minneapolis at 255 2nd Avenue South. Fhima is a local, award-winning restaurateur. Fhima is committed to the development and excited to work with Sherman on what he calls “the premier new development in downtown Minneapolis.” In August 2022, Sherman acquired the Harmonia development site, which is a full city block. Sherman’s concept includes three buildings that deliver a 10-story, mixed-income mid-rise apartment; a 20+ story, market-rate high-rise apartment; and a 25+ story, mixed-use high-rise building on the site. Harmonia Development rendering The Fhima family will work in collaboration with Sherman to create a vibrant food & beverage district including a flagship restaurant they will own and operate with other local chefs. They will lead the design and recruitment efforts to deliver optimal restaurant and retail spaces within the site along South Washington Avenue. Fhima is the founder and executive chef of Fhima’s Minneapolis, Artisans & Spice Catering, and Mother Dough Bakery and opening this spring, Maison Margaux. He is also the executive chef for the Minnesota Timberwolves and Minnesota Lynx and was recognized as the Twin Cities Business 100: Innovators and Newsmakers to Watch in 2023. Sherman seeks to produce an engaging dining and retail district to serve the neighborhoods downtown including the Mill District, North Loop, and Central Business District neighborhoods, as well as the future residents in the $400 million redevelopment of the block. “We have the flexibility to customize the design for almost any user whether they are seeking 20,000 SF of retail space or 200,000 SF of office space, which has attracted significant users and development partners that are excited about our vision,” said Chris Sherman, president of Sherman Associates. CONTACT: Sherman Associates Alyssa Olson, 612.616.3814 aolson@sherman-associates.com Fhima’s Minneapolis Jackie Kinsella, 612.275.5926 jackie@fhimasmpls.com Backgrounder: Sherman Associates Sherman Associates (www.Sherman-Associates.com) is a growing commercial real estate development and management firm based in Minneapolis with properties throughout the Midwest, Colorado, and Florida. Sherman develops, owns, and operates its assets with a long-term vision to build neighborhoods, enrich communities, and empower people. Sherman Associates has developed over 12,000 multifamily units and currently owns and manages over 6,800 multifamily rental units (affordable and market-rate). Sherman also owns and manages over 640,000 square feet of commercial space, five hotels, four Starbucks, three restaurants, and two solar gardens. Stay connected with Sherman on LinkedIn, Twitter, Facebook, and Instagram.