For years, this 43,000-square-foot, four-story structure formerly known as the Antiques Minnesota Building, sat vacant and blighted on Lake Street. Its shuttered windows and uncontrolled parking area hindered the growth potential of neighborhood businesses. Improving the property became a priority for neighborhood groups, residents and the area business association.
In 2003, NDC became the project’s lead developer, partnering with the Latino Economic Development Center (LEDC) and In the Heart of the Beast Puppet and Mask Theatre (HOBT), the building’s immediate neighbor as well as the stakeholder most adversely impacted by its condition. The three partners envisioned a revitalized retail destination for community-based businesses and a center for arts groups—a perfect blend of neighborhood and community assets and needs.
In 2005, the building was completely renovated, dedicated by the first Mexican Consul in Minnesota and renamed “Plaza Verde Benito Juarez” . It continues to provide high quality retail, office, and non-profit arts space. The renovation, which opened the building’s windows and street level entrances, has reclaimed the first floor of the building for store-front businesses and helped reinvigorate the street with commercial activity.
The second floor provides office space for organizations and businesses serving the burgeoning Lake Street commercial district.
The third floor provides affordable studio, office and performance space and fostering ongoing cultural development. The rental hall space has been host to many cultural celebrations, performances and neighborhood meetings.
1516 East Lake Street, Minneapolis
Contact: Jeff Alexander