Developer Interested in Downtown Osseo Housing Project
The city of Osseo is discussing a potential new housing project, according to documents posted on the city’s website.
The city has received interest from a developer, identified as Minneapolis-based Hall Sweeney Properties, to redevelop five parcels in the 600 block of Central Avenue.
According to the city documents: city staff is working with the developer on a plan for a 145-unit rental housing project that would include a mix of market-rate and affordable units. The documents show the developer is expected to require tax-increment financing, or TIF, to help finance the project.
If the project happens, it would help further one of the city’s goals of developing its downtown area.
Rendering of potential housing redevelopment/courtesy Collage Architects
