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What Where Cost Who Partnerships Impact Affordability Sustainability Building Timeline The Rose creates more than 90 units of mixed -income rental housing in a vibrant, mixed -use, 1.7-acre urban development community. The development's design is based upon the Living Building ChallengeTM standards. This replicable, integrated design process has achieved cost-effective and practical metrics, bringing true sustainability to a broad constituency. The Rose is the fourth and final phase of the South Quarter development, which transforms a formerly blighted and vacant urban intersection into a vibrant place to live and work. 1928 Portland Avenue South Minneapolis, MN 55404 Total development cost: $36,302,450 The Rose offers quality apartments for households of mixed -incomes, including a range of affordability for individuals and families earning low to moderate incomes. The South Quarter development is a partnership between Aeon and Hope Community, Inc. The Rose has a positive impact on the surrounding community by: • Creating a new model for practical and innovative community development based on the Living Building ChallengeTM. • Implementing a mixed -income, mixed -use development in a symbiotic relationship with environment, transit, health, employment and community. • Catalyzing further development of the area. • Ensuring long-term affordable housing options in a changing community. The Rose offers units affordable to households earning 30 to 50% of the Area Median Income (AMI) as well as market rate rental units. By embracing the framework of the Living Building ChallengeTM, The Rose has transformed the process of developing cost-effective, sustainable and affordable living. Initiated by the International Living Building Institute (ILBI) in 2006, the Living Building ChallengeTM asks the question, "What if every single act of design and construction made the world a better place?" Holistic design efforts on The Rose have moved beyond architecture to encompass site, water, energy, health, materials, equity and beauty. Authentic community engagement is also be at the forefront, including partnerships with the University of Minnesota's Center for Sustainable Building Research, the Center for Energy & Environment, PLACE and others. The building's apartment homes include a combination of studio, one-, two- and three -bedroom units. Underground parking which helps preserve the grounds for green space. The Rose was completed in October of 2015. 901 North 3'd St., Ste 150, Minneapolis, MN 55401 • 612-341-3148 • www.aeommn.ora,