Gladstone Village
1310 Frost Avenue, Maplewood, MN
Project Type: New Construction
DETAILS:
Project Stage: Under Construction
Size: 65 affordable rental units
Completion Date: 2025
Developer: JBVang Partners
Project Cost: $16.8 million
Funding Sources: 9% LIHTC, State/County deferred funding, IRA Energy Credit, MN Housing mortgage
Landon Group role: Secure financing, coordinate closing
Gladstone Village is a new construction, mixed-income affordable rental housing development targeting families in Maplewood. In addition, Gladstone will provide permanent supportive units for High Priority Homeless households and People with Disabilities.
Developer JB Vang Partners has had a longstanding working relationship with the Hmong American Partnership (HAP), an organization that focuses on empowering refugee and immigrant communities through its programming. Through this partnerhsip, JB Vang has incorporated feedback from focus groups of immigrant families into the design and amenities at Gladstone Village, including encouraging the cultural practice of multi-generational housing.
Gladstone Village is currently in financial closing, with construction scheduled to begin Q3 2024.