CommonBond Communities rehabilitated and refinanced Seward Towers; a 640 unit affordable housing development that consists of two towers in south Minneapolis. The property houses over 1,000 residents that pay only 30% of their income on rent. With affordable housing in high demand in the Twin Cities, Seward Towers is a success story. Before the reconstruction Seward Towers was an aging property with aging sewer pipes, older mechanics and windows that no longer met code. Throughout the duration of the construction period, residents had to move out of their units to accommodate the apartment upgrades.
More than 35 families were relocated to a nearby apartment building, and the remaining households were temporarily moved within the buildings. With the well-being of residents as its top priority, CommonBond worked with a proven partner, Frerichs Construction, to complete the renovations in record time â€“ the construction schedule was reduced by more than six months. Kim Christoffel, a CommonBond Advantage Services Coordinator at Seward Tower, said that “This community is made up of some of the most resilient people I’ve ever met, and residents tried hard to see the positives of the renovation instead of focusing on the day-to-day challenges.” Renovation included new windows, flooring, countertops and appliances. There were also new mechanical and other technical upgrades to the building, and common spaces were also improved for the satisfaction of residents.