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Community Planning & Economic Development

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Broadway Flats located at 2505 Penn Ave N, Minneapolis, MN 55411

In May 2011, the intersection of Penn and Broadway was decimated by the tragic tornado that ripped through North Minneapolis, leaving hundreds of homes and dozens of businesses in ruins. On Friday, September 16, five years later, the intersection has transformed into the Broadway Flats, a new housing and retail project developed by Rose Development LLC. The grand opening event was hosted by Dean Rose with speakers Mayor Betsy Hodges, Housing Commissioner Mary Tingerthal and HUD Midwest Regional Administrator Antonio Riley. Ward 5 Council Member Blong Yang attended the event, along with Council Member Lisa Goodman, who led support for affordable housing funding for the development.
Broadway Flats contains 103 affordable rental units including 10 studio, 78 one-bedroom and 15 two-bedroom units, with rent beginning below $600 for studios, $763 for one-bedrooms, and topping off at $1,150 for large two-bedrooms. Amenities include a green roof, balconies over West Broadway and Penn Ave., business and community rooms, shared surface parking, storage, laundry, and fitness facilities.
Approximately half of the 19,000 sq. ft. retail space facing West Broadway will be anchored by Broadway Liquor Outlet. The project expects there will be at least two additional retail tenants to occupy the other half of the space. The completion of Broadway Flats is an example of a plan that turned tragedy into an opportunity to reinvent the neighborhood.

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Last updated Oct 17, 2016