MINNEAPOLIS–North Minneapolis could prove fertile ground for a wave of new single-family homes, according to a Twin Cities homebuilder breaking ground on its first Northside home today. As reported in GlobeSt.com, the historically disadvantaged neighborhood has started to attract investment, especially from THOR Construction, which plans to build its new headquarters here, and the NorthPoint Health & Wellness Center, which plans a $60 million expansion.
Now homebuilder Sm+RT Homes LLP, partly owned by THOR Sustainability, has unveiled its blueprint to build dozens of new, affordably priced single-family homes on the many vacant lots spread across the city's Northside. The city of Minneapolis owns, through foreclosure, abandonment and tax forfeiture, nearly 350 vacant lots in north Minneapolis.
And rather than using traditional, “stick-built” construction, the company will use modular construction technology to reduce costs for new homeownership and deliver new houses from scratch in just 45 to 60 days.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
