MAVEN Development Group proudly accepts two awards this week for its recent historic renovation of The Laurel Minneapolis including Finance & Commerce 2021 Top Projects Award, as well as Preserve Minneapolis Award.

MINNEAPOLIS, MN, May 25, 2022 /24-7PressRelease/ — The Laurel Minneapolis, a recently renovated historic apartment building in Minneapolis is proud to accept two prestigious awards this month.

Finance & Commerce presented its Top Projects Award to MAVEN Development Group for achievements in the construction industry and our community with its recent renovation of one of Minneapolis’s oldest buildings, The Laurel Apartments.

The Laurel Apartments project was a complete renovation of a beautiful, historic building in Minneapolis which was originally constructed in 1893. MAVEN selected the project as over the course of time, this beautiful, historic landmark had begun to decay…both in beauty and reputation. Knowing that the building was in a prominent location: situated in the heart of Minneapolis’s Loring Park neighborhood, overlooking the Basilica of St. Mary, and just blocks from the Orpheum Theater downtown Minneapolis, there would always be appeal and demand for this area.

The goal with the renovation was to bring the historic building back to life. To celebrate its original state of beauty once again by offering upscale, newly renovated apartment homes. The renovation would honor the history and charm of the original Queen Anne style architecture but blend modern conveniences and updates.

“Historic projects all have their own unique set of challenges, and The Laurel was no exception,” explained Nick Peterson, Principal at MAVEN. “The Laurel was equally, if not more challenging than the Rand Tower Hotel –(a historic rehab project five times the scale, which received a Top Projects Award in 2020), and we are extremely honored to be selected for this prestigious award two years in row!”

“Finance & Commerce Top Projects represent the best of the region’s built environment. Honoring the best building and construction projects in Minnesota. Every year, the projects seem to increase the creativity, level of difficulty and innovative construction technique. We are proud to honor each of these winners.” Bill Gaier, Publisher of Finance & Commerce.

In addition to receiving the Top Projects Award, Laurel Apartments has also been selected to receive a Preserve Minneapolis Award in the category of Historic Restoration, Rehabilitation or Adaptive Reuse and will be accepting the award this Wednesday at the Capri Theater.

About MAVEN Development Group

MAVEN Development Group (“MAVEN”) is a commercial real estate development company, focused on the complex scope of renovating existing multi-family and hospitality buildings. From initial acquisition through duration of ownership, MAVEN is proactive in adopting strategies to market conditions in order to produce the highest return on investment. With more than two decades of experience and a vast knowledge in the local markets in which they operate, the location and price-sensitive approach combined with creative financing strategies has resulted in the completion of over 1,400 residential units and transactions exceeding $1.5 Billion.

About Finance & Commerce

For 134 years, Finance & Commerce has delivered economic development, commercial real estate and construction industry news to Minnesota’s regional business leaders, developers and housing and community advocates. We provide the business community with in-depth analysis in our Beyond the Skyline podcast, host thought leadership programs that provide industry insight on topics ranging from clean energy to affordable housing and offer the region’s only Development Trackers of real estate, apartment and hotel development. Our award programs center on the region’s construction and real estate business, bringing together the entire development community, and our Top Projects program is one of the area’s largest events celebrating women in the industry.

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