Press Release

Aeon celebrates historic building, the Balmoral’s 100th birthday

Minneapolis, December 8 — Yesterday, Aeon, a nonprofit developer, owner and manager of affordable apartment homes, celebrated the 100th birthday of the Balmoral. Built in 1917, the Balmoral was originally upscale housing for young downtown workers. The property was carefully renovated by Aeon in 1990 to retain the historical integrity of the building and provide 58 affordable homes for individuals and families.

At the event, residents of the Balmoral came together with community members and Aeon staff to celebrate their home with stories of the building’s history and a birthday cake. Councilwoman Lisa Goodman spoke at the event.

“I love the beautiful old buildings in our city, and more importantly, the people who live in them. The Balmoral is one of the gems of the Elliot Park neighborhood, and I will continue to push our city to do more to create and preserve affordable homes,” shared Councilwoman Goodman.

Alan Arthur, President and CEO of Aeon, also shared remarks to celebrate the occasion. “Today we celebrate home, because home is the foundation that makes all else possible. This beautiful, historic building has been standing here for 100 years, but for many of those years, it languished,” Arthur continued. “Now the Balmoral is a community, a place where individuals and families find sanctuary and gather together. It is thanks to you, the residents and the many community members and partners who supported this Aeon project that the Balmoral is once again called home.”

In 1992, the Minneapolis Heritage Preservation Commission presented Aeon with the Historic Rehab Award for its renovation of the Balmoral. The renovation of The Balmoral was a part of Aeon’s larger Minneapolis Portfolio Preservation Project (MP3). The MP3 project included the renovation and preservation of ten buildings comprising a total of 582 affordable apartment homes in downtown Minneapolis.

About Aeon

Aeon is a responsive nonprofit developer, owner and manager of high-quality affordable apartments and townhomes which serve almost 8,000 people annually in the Twin Cities area. Since 1986, Aeon has been committed to helping people create homes where they feel safe and connected to the community around them. We believe that Home changes everything. For more information, visit aeon.org or follow us on Twitterand Facebook.