SCALE

25,000 sq ft Historic Lumber Exchange Building

29 Multi-family / extended stay units

LOCATION

Winona, MN

COSTS

Development:  $8,455,300

Construction:  $5,321,000

PROJECT TEAM

Sponsor:  Winona Community Real Estate Fund, LLC

Developer: Rebound Real Estate

Management:  G & H Management

DESCRIPTION 

The project consists of the acquisition and renovation of the historic Grain and Lumber Exchange Building located at 51 4^th Street East in Winona.  The building is currently a multi-tenant office building and will be converted to a residential property consisting of a mix of 29 apartments and short-term(VRBO/Airbnb) units.     

The building is on the National Historic Register and the project will be pursuing historic tax credits.  It is a 4-story building with a basement with approximately 5,000sf per floor.  The entire building will basically be gutted and renovated while working with the State and National Historic Preservation Offices to re-use as much material as possible and construct new improvements that recognize the building’s historical significance. Expected opening early 2023.