Lexington Commons Real Estate Case Study
Adaptive Reuse/Supportive Housing
Lexington Commons provides 48 efficiency apartments designed for single adults who have experienced significant periods of homelessness. Rent is income-based, and residents are offered Supportive Housing services, an important aspect of our Advantage Services programs offered to communities where residents are coming out of homelessness. This typically includes our most intensive case management for people with serious barriers to stability.
CommonBond’s development of Lexington Commons has transformed this abandoned nursing home facility into permanent homes and has offered a supportive, sober community for each resident. The project was designed to reuse the existing building structure and exterior brick, and to upgrade building systems, improve health and wellness of residents, and minimize environmental impact.
Development Partners
- Elness, Swenson, Graham Architects, Inc.
- Minnesota Housing
- Ryan Companies
Financing Tools
Lexington’s primary funding source is federal stimulus funds administered through Minnesota Housing for a total of $8 million. The development is one of the first in Minnesota to receive federal stimulus funds for affordable housing.
Amenities
- Computer Lab
- Laundry facilities
- Air conditioning
- Lounges and community spaces
- Elevator
- Conveniently located within ¼-mile of a Central Corridor Light Rail Transit Station
