Construction value in Minneapolis surpassed $1 billion in 2025, bringing more affordable housing units, medical clinics and office renovations in the city. This is the 15th consecutive year that Minneapolis has hit the billion-dollar mark, showing a consistent local market for construction, investment in the city and inclusive economic opportunity.
At a news conference, Mayor Jacob Frey, City leaders and public housing officials debuted the top 10 highest valued projects that filled out the $1,072,174,289 total. The City of Minneapolis also contributed more than $20 million to a number of these projects thanks to programs like the Affordable Housing Trust Fund, Great Streets loans and housing tax credits.
“For the 15th consecutive year, Minneapolis has surpassed $1 billion in construction value. This isn’t just about cranes in the skyline – it’s about delivering on the promise to create stability for families, expanding access to health care, and building a stronger, more inclusive city for the future,” said Mayor Jacob Frey. “We know that people want to live, work and build their lives here – and we’re going to keep delivering on that promise for every current and future resident of Minneapolis.”
A historical project
The City’s top construction projects include the largest redevelopment of public housing in the City’s history. Spring Manor is bringing a four-story addition to its campus.
“This project is extra special to me as I watched the original buildings being built when I was a child,” said Council Member Michael Rainville, Ward 3. “Updating our MPHA properties allows us to continue providing quality low-income housing in our neighborhoods and they are an asset to the community.”
The top 10 projects also include new construction of community clinics, renovations of downtown facilities and office space, and new multi-family housing.
“MPHA is fully rehabilitating 221 units across two existing buildings while also building a new four-story building that includes 15 new, fully accessible units,” said Abdi Warsame, Executive Director/CEO of the Minneapolis Public Housing Authority (MPHA). “I want to thank Mayor Frey and City Council Member Rainville for the City’s $7.2 million contribution to this project. And special thank you to Mayor Frey, whose $1.3 million investment in his 2025 budget was the first financial commitment to this project, helping spur other funding partners to invest.”
Top 10 projects by numbers
The City of Minneapolis issued nearly 12,000 building permits in 2025 that contributed to the more than $1 billion in construction value. Construction value considers the costs of labor and materials that feed into a building or project’s overall value.
The top 10 projects in 2025 are:
- $50.4 million – Mechanical upgrade and remodel of existing data center at 1001 3rd S.
- $34.6 million – Addition and renovation of North Commons Park Community Center at 1801 James Ave. N. This will remodel the existing center and build a new fieldhouse.
- $29.6 million – New construction of Native American Community Clinic (NACC) and Housing at 1215 Franklin Ave. E. This is a mixed-use clinic and 83 new deeply affordable housing units.
- $25.5 million – Remodel of existing 221-unit MPHA Spring Manor at 828 Spring St. NE. It also includes a four-story addition with affordable, accessible units.
- $25.5 million – New construction of the Indian Health Board of Minneapolis – Menaandawiwe Wellness Campus at 2501 Franklin Ave. E. The new clinic will offer medical, dental and wellness services.
- $22.9 million – Remodel of Little Earth, the only Indigenous preference project-based Section 8 rental assistance community in the United States, at 2501 Cedar Ave. S.
- $22.8 million – New construction of a four-story office building for the Xcel Energy Chestnut Service Center at 1518 Chestnut Ave. W.
- $22.3 million – Addition and renovation to Exodus Residence, which adds 72 more affordable housing units, including many reserved for individuals exiting homelessness, at 827 2nd S.
- $18 million – 95 new family housing units at Snelling Yards at 3605 44th E.
- $17.8 million – New construction of 60 new affordable housing units in a six-story apartment building at 3120 Washburn Ave. N.
“Together these investments help ensure economic growth in Minneapolis is inclusive, regardless of our neighbors’ income level,” said Erik Hansen, director of Community Planning and Economic Development (CPED) for the City. “These numbers are proof that we’re making an impact on our neighbors’ lives and protecting the very homes that residents rely on for decades to come.”