Condominiums: 88 Units
Project Value: $77 Million
Overview / Details
In 2004, a collaboration between developers Sherman Associates and Ryan Companies transformed the mammoth 1.2 million SF historic Sears, Roebuck & Co. building in South Minneapolis into a mixed-use masterpiece featuring 88-loft and penthouse condo units, 219 rental units (including affordable units), the headquarters of Allina Health Systems and a global food market. The Global Market features a variety of small businesses started by local entrepreneurs.
Midtown Exchange was designed, developed and financed in record time with construction beginning only six months after initial inception. Sherman Associates spearheaded the development of the condominiums and apartments at Midtown Exchange, which remains one of Sherman Associates’ most celebrated projects, earning continued awards and recognition from both local and national sources.
Awards & Recognition
2010 Property Excellence Award by Minnesota Multi Housing Association
2009 Best of the Decade by Minneapolis/St. Paul Business Journal
2007 Affordable Housing Finance Magazine: Best Historic Rehabilitation
2006 National Trust/HUD Secretary’s Award for Excellence in Historic Preservation
MIDTOWN EXCHANGE | CHICAGO LOFTS Minneapolis, Minnesota
2005 Best in American Living by Professional Builder Magazine
2004 Best in Real Estate: Best Overall by Minneapolis/St. Paul Business Journal