Pohlad Family foundation buys land for urban farm, affordable housing project

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The Pohlad Family Foundation spent $1 million to purchase a 3.4 acre site near the St. Paul campus of the University of Minnesota.

The Business Journal reports the foundation will partner with Common Bond Communities to build an urban farm and affordable housing project. The foundation expects to sell part of the property to Common Bond for the development of 47 residential unit, plus a distribution center, store and deli.

The Falcon Heights property is the former Larpentuer Avenue location of Hermes Floral and Garden Center, which moved across the street.

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