Developer ready to break ground on $68 million project in north Minneapolis

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The North Side of Minneapolis hasn’t seen a housing and commercial development quite like Satori Village in more than a decade, according to developer Tim Baylor.

Baylor told 5 EYEWITNESS NEWS he will break ground on the $68 million apartment and retail complex next month at the corner of West Broadway and Bryant Avenue North, with the first phase consisting of more than 100 market-price apartments.

Baylor said there will eventually be two more phases with 78 units for senior living and 26 loft apartments, along with more than 3,000 square feet of commercial retail space. Part of the project will offer affordable housing.

The Satori Boutique Apartments, the first of three planned phases for Satori Village, will come with more than 100 market-rate apartments. (Courtesy of JADT Development LLC)

“We need affordable housing, but too much of it in one area is not well balanced,” Baylor said. “With market-rate units, employers will come to town and the area becomes what I like to say is like every other part of Minneapolis that has housing options that can attract everyone.”

Baylor owns 10 McDonald’s franchises, including one on the North Side, and started living in Minneapolis 41 years ago when he played with the Minnesota Vikings in 1979.

“Let’s create equality housing that can bring back a middle class into north Minneapolis,” Baylor said.  “Something that can bring back people with a diversity of color and a diversity of income — disposable income that can create a balance that creates a healthy community.”

Baylor said the official groundbreaking is May 12.