US Bank to Donate Minneapolis Lake St. Branch Property to Seward Redesign for Redevelopment | Business
US Bank today announced its intention to donate ownership of its branch at 2800 E. Lake Street to the non-profit community development corporation Seward Redesign. Seward Redesign will partner with 4RM + ULA, an architectural design firm, to redevelop the property into four sub-divided plots to include affordable housing, commercial and outdoor retail space, non-profit services and artistic and cultural destinations. The partnership with 4RM + ULA represents an innovative model that will focus on design and aesthetics, community contribution and activation and will include several people of partners of color.
“In response to the civil unrest following the death of George Floyd, our communities have invested significant efforts to first stabilize themselves, and now rebuild Lake Street in a more equitable manner,” said Taylor SmrikÃ¡rova, Seward project manager Redesign. âOur team is strongly committed to ensuring that the US Bank property is set up as a demonstration site for wealth creation for communities of color. When this shared vision is realized, the result will be that each plot will belong to companies led by BIPOC or to community organizations.
Seward Redesign recently celebrated its 50th anniversary and is the only community development company to focus exclusively on the Seward and Longfellow neighborhoods in southern Minneapolis. 4WD + ULA is a nationally recognized award-winning company with a broad portfolio in the Twin Cities.
âWe are both touched and honored to have the opportunity to help facilitate this innovative process,â said James Garrett, Jr., partner at 4WD + ULA. âOur goal is to create a new model of equitable development and to demonstrate new ways in which architects can engage and associate with the community. “
Strategic partnerships with the Comunidades Latinas Unidas en Servicio (CLUES) and the National Native American Boarding School Healing Coalition (NABS) were the basis of the winning proposal submitted by Seward Redesign and 4RM + ULA. CLUES and NABS were asked to own and co-develop site specific plots. The preliminary concepts of the project include:
Â· Intensive community engagement and activation process to ensure broad and diverse participation.
Â· Creative interim uses and activation strategies of the site, including pop-up retail installations, public art installations, and community events / gathering spaces.
Ownership of clues to provide long-term service to Latin American communities in southern Minneapolis, including affordable housing, customer services, and an art and technology center
Â· Owned by NABS, including a National Center for Truth and Healing, affordable housing and retail.
Â· A development owned and operated by 4RM + ULA comprising affordable housing and commercial / retail space.
Â· The opportunity for an additional person of the developer / owner of the color to co-develop a remaining piece of land.
âAfter listening and learning alongside community partners through an extensive RFP process, we are delighted to announce our plan to donate this property to Seward Redesign,â said Reba Dominski, Head of Corporate Social Responsibility at the US Bank. âWe were looking for a community-driven developer who was aligned with our commitment to racial equity throughout the property donation process – in between and after the site redevelopment. Seward Redesign knows and deeply understands the Seward and Longfellow neighborhoods and will bring strong relationships, credibility to navigate community engagement and technical capacity to the project.
The development will be consistent with community feedback and will include a combination of affordable housing, commercial and retail locations, and outdoor community spaces. Seward Redesign and 4WD + ULA are exploring a range of interim uses of the property to engage the neighborhood through arts and culture, while creatively soliciting community input regarding the permanent uses of the site. A community engagement process will begin in the coming months.
Less than a mile from the Lake Street site, Seward Redesign is close to completing construction of the Seward Commons Master Plan, a multi-phase redevelopment focused on transit, mixed-use and mixed-income. The future master plan for the redevelopment of the Lake Street property will be part of a larger vision for equitable development in the Seward / Longfellow neighborhoods.
The Lake Street property was damaged during the civil unrest of May 2020. Shortly thereafter, the US bank set up a mobile banking unit in the parking lot that will continue to provide banking services to the on-site community until it is completing its redevelopment of a former commercial building at 3600 E. Lake Street in 2022. US Bank is also building a new branch at 919 E. Lake Street which will open in 2022.
To learn more about Seward Redesign, visit redesigninc.org. To learn more about 4WD + ULA, visit www.4rmula.com
About the Seward redesign
Seward Redesign is a non-profit community development corporation established in 1969. We are committed to improving the neighborhoods of Seward and Greater Longfellow in South Minneapolis. The organization provides comprehensive community development services, including housing and commercial real estate development, infrastructure advocacy, and small business development.
About 4RM + ULA
4WD + ULA designs for the ever-changing 21st century city. We believe in celebrating existing structures and improving engagement and communication between clients and the community. We integrate emerging technologies and construction practices, continually seeking innovative and smart ways to improve the quality of life in our community. We bring award-winning design and development through mutually beneficial partnerships that positively impact the community through creative, high-quality, and eco-friendly design and engagement.
About the American Bank
US Bancorp, with nearly 70,000 employees and $ 567 billion in assets as of September 30, 2021, is the parent company of the US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diverse mix of activities: personal and business banking; Payment services; Banking services for businesses and businesses; and Wealth and Investment Management Services. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the World’s Most Ethical Companies in 2021 and Fortune’s Most Admired Super-Regional Bank. Learn more at usbank.com/about.