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Sherman Associates has broken ground on a 10-story 222-unit apartment building next door to Thrivent Financial s downtown Minneapolis headquarters.
Thrivent sold the land to Sherman s Moment Minneapolis unit earlier this month for $3 million, according to the Minnesota Department of Revenue s electronic real estate listing.
Sherman broke ground Wednesday on the $80 million project, at the corner of 7th Street S. and Portland Avenue.
Designed by ESG Architects, the apartment building s first floor will house a day care center. The second floor will be leased by Firefighters for Healing, a transitional recovery center for burn victims and their families. The rest of the building will become apartment units.