Seward Redesign Inc

BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES.

REAL ESTATE DEVELOPMENTREDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATEDEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW- AND MODERATE-INCOMERESIDENTS, WOMEN AND PEOPLE-OF-COLOR WITHIN THE SEWARD AND GREATER LONGFELLOWNEIGHBORHOODS.IN 2021, REDESIGN PURCHASED THREE PROPERTIES:1) AN 80,000 SQUARE FOOT HISTORIC COMMERCIAL BUILDING ON LAKE STREET ANDWILL REDEVELOP THIS PROPERTY IN PARTNERSHIP WITH PEOPLE-OF-COLOR LEDENTITIES, ENSURING THE EQUITABLE RECOVERY OF THE LAKE STREET COMMERCIALCORRIDOR,2) A 2,600 SQUARE FOOT OFFICE BUILDING IN THE SEWARD NEIGHBORHOOD, AND3) A 6,800 SQUARE FOOT RETAIL/OFFICE BUILDING FOR REDEVELOPMENT AND SALE TOAN EXISTING BUSINESS TENANT, AND VACANT LAND TO PROVIDE FOR FUTURE NEWHOUSING DEVELOPMENT.CURRENTLY, REDESIGN IS COMPLETING THE PROCESS FOR FINANCING AND DEVELOPMENT OFA 32-UNIT APARTMENT PROJECT DESIGNED FOR LOW-INCOME FAMILIES AT SEWARD COMMONSIN PARTNERSHIP WITH NOOR COMPANIES. MANY OF THESE UNITS WILL BE THREE- ANDFOUR-BEDROOM UNITS, SUITABLE FOR LARGER FAMILIES. CLOSING AND CONSTRUCTIONSTART ARE ANTICIPATED FOR THE FALL OF 2022.CURRENTLY, REDESIGN IS COMPLETING THE PROCESS FOR FINANCING AND DEVELOPMENT OF A 32-UNIT APARTMENT PROJECT DESIGNED FOR LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NOOR COMPANIES. AT LEAST 50% OF THESE UNITS WILL BE THREE- AND FOUR-BEDROOM UNITS, SUITABLE FOR LARGER FAMILIES. CLOSING AND CONSTRUCTION START ARE ANTICIPATED FOR THE FALL OF 2021 AND FALL OF 2022 RESPECTIVELY.

COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OPERATES MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOWAND SEWARD NEIGHBORHOODS INCLUDING FRANKLIN EAST, 3300 EAST LAKE, 2610 EAST32 ND , FIVE SQUARE, VERNA AND FOCUS ARTS BUILDINGS. ALL OF THESE PROPERTIES ARELEASED TO MULTIPLE SMALL BUSINESS AND COMMUNITY ORGANIZATION TENANTS, THEGREAT MAJORITY OF WHICH ARE WOMEN, PEOPLE-OF-COLOR AND/OR IMMIGRANT OWNED. ALLOF REDESIGN'S PROPERTIES ARE MANAGED FOR LONG-TERM SUSTAINABILITY TO ENSUREAFFORDABLE AND ACCESSIBLE COMMERCIAL SPACE.REDESIGN LEASES AND DIRECTLY MANAGES ALL OF THE COMMERCIAL PROPERTIES THAT ITOWNS. ADDITIONALLY, REDESIGN PROVIDES PROPERTY AND ASSET MANAGEMENT SERVICESFOR OTHER PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD TO ENSURE LONG-TERMAFFORDABILITY AND HIGH-QUALITY PHYSICAL MAINTENANCE. THESE PROPERTIES INCLUDESEWARD TOWERS EAST AND WEST AND TWO RESIDENTIAL TOWNHOUSE PROPERTIES THAT AREPARTLY OR WHOLLY OWNED BY REDESIGN.

INFRASTRUCTURE PLANNING AND ADVOCACYREDESIGN WORKS WITH RESIDENTS, BUSINESSES AND LOCAL INSTITUTIONS TO PLAN ANDADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS, INCLUDING ENHANCEMENTS FORPEDESTRIANS AND BICYCLISTS IN PARTICULAR, AND THOSE CHANGES THAT WILL ADDRESSCLIMATE CHANGE, INCLUDING INCREASED USE OF SOLAR ENERGY.REDESIGN ORGANIZED A MULTI-NEIGHBORHOOD COLLABORATION AND ADVISORY GROUP TOGENERATE ENGINEERING RECOMMENDATIONS FROM A COMMUNITY PERSPECTIVE TO GUIDE THEMINNESOTA DEPARTMENT OF TRANSPORTATION'S FUTURE RENOVATIONS OF THE I-94CORRIDOR. A COMMUNITY-SUPPORTED REPORT WAS GENERATED AS A RESULT OF THISPROCESS.REDESIGN IS ACTIVELY PURSUING PLANS WITH MINNEAPOLIS AND HENNEPIN COUNTY TOCOMPLETE A PEDESTRIAN BIKE/PATH CONNECTION BETWEEN FRANKLIN AVENUE AND THE LRTPED/BIKE PATH SOUTH OF EAST 22ND STREET IN CONJUNCTION WITH REDESIGNDEVELOPMENTS AT SEWARD COMMONS.REDESIGN HAS PROVIDED TECHNICAL ASSISTANCE TO SEVERAL BUSINESSES TO INSTALLSOLAR ARRAYS ON THEIR ROOF. REDESIGN HAS ALSO ADDED SOLAR TO THE ROOFS ATFRANKLIN EAST AND THE COOPERAGE.REDESIGN ENGAGES EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS INPROACTIVE PLANNING FOR FUTURE DEVELOPMENT AND TO ADVOCATE ON BEHALF OFCOMMUNITY-BASED DEVELOPMENT THAT SERVES THE NEEDS OF ALL RESIDENTS, INCLUDINGCOMMUNITIES-OF-COLOR, IMMIGRANT COMMUNITIES AND THOSE OF LOW AND MODERATEINCOME.

BUSINESS DEVELOPMENT AND GROWTHREDESIGN SEEKS OUT AND ATTRACTS NEW BUSINESSES TO THE SEWARD AND GREATERLONGFELLOW NEIGHBORHOODS BY PROVIDING TECHNICAL ASSISTANCE, ACCESS TO LOW COSTLOAN CAPITAL AND REAL ESTATE DEVELOPMENT ASSISTANCE. IN 2021, REDESIGNPROVIDED TECHNICAL ASSISTANCE TO 59 SMALL BUSINESS CLIENTS AND AND LOANS TO 7,WITH AN EMPHASIS ON NAVIGATING THE IMPACT OF COVID-19 PANDEMIC AND REBUILDINGFOLLOWING THE CIVIL UNREST DAMAGE ALONG EAST LAKE STREET THAT OCCURED IN THESUMMER OF 2020 IMPACTING MANY SMALL BUSINESSES. OUR FOCUS IS ON REACHINGBUSINESSES THAT HAVE NOT ALWAYS ENJOYED EQUAL ACCESS TO SUPPORT INCLUDINGIMMIGRANT, PEOPLE-OF-COLOR AND WOMAN-OWNED ENTERPRISES.REDESIGN PROVIDES COMMERCIAL BROKERAGE SERVICES TO LOCAL BUSINESSES TO ASSISTTHEM IN FINDING SPACE TO LEASE OR PROPERTIES TO PURCHASE IN THE COMMUNITY,INCLUDING DEVELOPING PLANS FOR THE IMPROVEMENT OF SPACES AND THE FINANCING FORTHOSE IMPROVEMENTS.REDESIGN ALSO MANAGES TWO LOAN POOLS THAT MAKE BELOW-MARKET LOANS TO SMALLBUSINESSES THAT CREATE JOBS WITHIN THE COMMUNITY AND PROMOTE THE SUCCESS OFLOCAL COMMERCIAL CORRIDORS. MOST OF THESE BORROWERS WOULD NOT OTHERWISE HAVEACCESS TO NEEDED AND EQUITABLE CAPITAL.