Aeon opens 70 new affordable homes in Edina
Aeon, a nonprofit developer, owner and manager of affordable homes, announced the opening of 70 new affordable homes in Edina. The property’s name, The Sound on 76th, pays homage to its history as the former site of Flyte Tyme Studios.
The new property offers much-needed affordable homes in the heart of Edina, one block off France Avenue near Southdale Center. The property is close to schools, jobs, parks and public transportation. Amenities at the property will include an outdoor play area and green space, indoor bike storage, fitness center, community room, and learning center with computers.
The majority of the homes are two- and three-bedrooms. Eight homes are designated for people leaving homelessness, and affordable at or below 30 percent of the area median income (AMI). The residents in these homes will receive supportive services from Haven Housing. Half of the homes are affordable at or below 50 percent AMI, with the remainder affordable at or below 60 percent AMI.
“We are thrilled to welcome more than 200 residents into the Aeon family at The Sound on 76th. We are so grateful for the City of Edina and the many other partners and community members that helped make these new homes possible,” said Dr. Eric Anthony Johnson, President and CEO of Aeon. “The demand we have seen for these 70 homes—especially for larger families—tells us they are needed, and our work must continue.”
Aeon partnered with the City of Edina, UrbanWorks, Kimley-Horn, Flannery Construction, Steen Engineering, BKBM Engineering, The Richard M. Schulze Family Foundation, Haven Housing, Hennepin County, U.S. Bancorp Community Development Corporation, U.S. Bank National Association, the Metropolitan Council, Minnesota Housing and others on the $23.7 million development. The support of dozens of generous Edina community members also made the property possible.
Flyte Tyme Studios is owned by music legends Jimmy Jam Harris and Terry Lewis, who recorded numerous No. 1 hits in Minnesota before moving their business to California. Original artwork depicting African-American musicians by local artist Ta-coumba Aiken that was displayed in the studio is now featured in the property.