Minneapolis affordable housing developer Aeon has purchased the properties at 2147 and 2161 University Ave., at the northeast corner of University and Vandalia Street. Aeon plans to construct a mixed-use building at the site that will include first-floor commercial space and apartments above.
Gina Ciganik, Aeon’s vice president of housing development, presented the company’s plans at the Feb. 5 District 12 Land Use Committee meeting. If city funding is approved this year, Ciganik said the group hopes to begin building by mid-2016. Part of Aeon’s mission is to build sustainable affordable housing.
The company is “very aggressive in LEED work,” Ciganik said.
Aeon’s Renaissance Box at 200 E. 10th St. in downtown St. Paul received a LEED gold for multi-family housing as well as an affordable housing design award from the Minnesota chapter of the American Institute of Architects in 2013.