Chicago Social Enterprise Seeks Community Investment in North Minneapolis Mall

POLICY WIRE — Minneapolis, MN — A Chicago-based social enterprise is set to acquire the Hawthorn Crossings strip mall in north Minneapolis, with an innovative approach that involves local residents in the ownership and management of the property.

The enterprise, which focuses on community-driven economic development, plans to offer neighboring residents the opportunity to purchase shares in the mall. This strategy aims to foster a sense of community ownership and engagement, ensuring that the mall’s operations align with the needs and desires of local residents.

“Our goal is to create a mall that truly serves the community,” said a representative of the enterprise. “By allowing residents to invest and have a say in how the mall is run, we believe we can build a space that meets the unique needs of north Minneapolis.”

The acquisition and subsequent community investment model are part of a broader initiative to revitalize urban spaces and promote economic inclusivity. The enterprise has successfully implemented similar projects in other cities, resulting in increased local engagement and economic benefits for residents.

The Hawthorn Crossings mall, which has faced challenges in recent years, is expected to undergo renovations and updates to improve its appeal and functionality. The enterprise plans to work closely with local businesses and community organizations to ensure the mall becomes a vibrant hub for the neighborhood.

This initiative comes at a time when community-driven development projects are gaining traction across the United States. By involving residents in the ownership and decision-making processes, such projects aim to create more resilient and sustainable communities.

Reporting by Policy-Wire (PW)