A Chicago-based social enterprise is purchasing the Hawthorn Crossings strip mall in north Minneapolis and is asking local neighbors to participate by buying into and owning part of the property, according to reports from multiple outlets. The proposal centers on expanding resident involvement in a commercial asset by turning the mall’s ownership into a shared local stake rather than keeping it solely with a distant investor.
The coverage describes the developer’s effort as part of a broader approach to community-led development, with the entity seeking support and investment from nearby residents as part of the acquisition and ownership structure. Details about the mall’s future plans are not fully consistent across summaries provided, but both outlets characterize the initiative as a neighborhood buy-in model tied to the purchase of the Hawthorn Crossings strip mall.
Overall, the reporting focuses on the transition of ownership to a social enterprise and the plan to incorporate neighbors as partial owners, highlighting a development strategy that emphasizes local participation in commercial redevelopment in north Minneapolis.
