Phoenix Development
Saint Paul, MN 2–10 employees 4 principals
Last updated by Andrea
About Phoenix Development
Phoenix Development is a real estate operator headquartered in Saint Paul, MN. Phoenix Development operates in Minneapolis-St.Paul, Minnesota and Santa Rosa-Petaluma, California. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.
Phoenix Development is a firm formed in 1997 focused on urban redevelopment of housing, commercial, and public-sector assets. It reports a collective track record exceeding 50 years of development experience. Its principal, Loren Brueggemann, has led work on more than 900 units of affordable rental and income-restricted for-sale housing. The company is active primarily in the affordable housing and mixed-use space, combining residential, commercial, community center and public uses. It has developed multi-family and adaptive reuse projects, including Atwell Grove (114 units) and Ortiz Plaza (30 units) in Minnesota and California. Phoenix partners with nonprofit and governmental organizations and uses financing tools such as tax-exempt bonds, federal housing tax credits, HOME funds, and other subsidy programs to execute redevelopment in aging urban neighborhoods.
Principals at Phoenix Development
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