Housing, new bank proposed at Wells Fargo site at Nicollet and Lake Project for Pride in Living to develop building, hire diverse workforce. April 12, 2021 5:35am Text size Copy shortlink:
Wells Fargo will rebuild its arson-destroyed site at Lake Street and Nicollet Avenue with a 200-plus unit residential building, bank branch and commercial space, developed by Project for Pride in Living, the developer-manager of affordable housing.
The 2.5-acre project being announced Monday will be worth more than $50 million, or 10% of the estimated $500 million in destruction to properties in Minneapolis and St. Paul from vandalism and arson in the wake of protests to the death of George Floyd in police custody last summer.