Sherman Associates completes Ladder 260 apartments in the Minneapolis Mill District

The new low-rise features 90 units of affordable housing

Sherman Associates has completed Ladder 260, a new $34 million affordable housing development located at 260 Portland Avenue in the Mill District neighborhood of Minneapolis.
 
Kraus-Anderson (KA) is the general contractor for the multi-phase project for Sherman, which is redeveloping most of an under-utilized city block at Washington Avenue and Portland Avenue. The first phase of the overall $161 million development project was a new $12 million fire station for the City of Minneapolis, which was completed in 2022. The final phase, called O2, is a 22-story, 240-unit market-rate apartment tower at 250 Portland Ave., expected to be completed in early fall of 2024.
 
Designed by ESG Architects, Ladder 260 is a six-story, 82,225-square-foot low-rise apartment building,  featuring 90 affordable housing units.  Amenities include a hotel-like lobby and leasing center, fitness room, 2nd-floor lounge and a rooftop deck, bike storage/parking, and pet spa.  Walk-up units on the street level provide a unique unit type to the market and will enhance the vibrancy along 3^rd Street. The location is in proximity to light rail and bus routes and is highly walkable and bike-friendly.
 
KA and Sherman have worked together on several projects that have enhanced the downtown Minneapolis community.  Most recently, the 10-story Moment Apartments opened its doors in January 2023.  The mixed-use, 222-unit development also includes the Transitional Healing Center for Firefighters For Healing. The center located on the 2^nd floor includes 12 fully furnished suites for families of burn survivors, firefighters, and first responders traveling to the Twin Cities for care at nearby Hennepin Healthcare.
 
Ladder 260 is now pre-leasing.  Learn more at Ladder260.com.  
 
About Kraus-Anderson Companies
Established in 1897, Kraus-Anderson (www.krausanderson.com) is an integrated construction management and real estate development enterprise working independently and in collaboration with a family of companies and services, including facilities assessment, K-12 pre-referendum planning, strategic facility planning, sustainability, and insurance operations. Kraus-Anderson, an EOE AA M/F/Vet/Disability employer, is headquartered in Minneapolis, Minn., and has regional offices in Madison and Milwaukee, Wis., Fargo and Bismarck, N.D., Duluth, Bemidji and Rochester, Minn. and Phoenix, Ariz.