Lendl Lofts proposes 22-unit residential building in Downtown Fargo

In a recent meeting held at the Cass County Commission, a significant proposal emerged that could reshape a portion of downtown Fargo. Andrew Hanson, managing member of Lendl Lofts, presented plans to redevelop a long-vacant site into a modern residential apartment building. The project aims to transform two dilapidated structures, which have stood empty for over five years, into a vibrant community space featuring 22 residential units and 21 enclosed parking spots.

Hanson emphasized the project's goal to cater to mid-range renters who wish to live, work, and play in the heart of downtown. The proposed unit mix includes 16 one-bedroom and 6 two-bedroom apartments, designed to maximize density on a compact footprint. However, the path to realization is fraught with challenges. Hanson highlighted rising interest rates, soaring insurance costs—some properties seeing increases of up to three times—and the looming threat of tariffs affecting construction expenses.

The commission's support is crucial for the project's success, as Hanson made clear that without it, the redevelopment may not come to fruition. During the discussion, Commissioner Capitan raised concerns about how the project would impact the county's 3% growth cap, to which Hanson responded that the property would initially be exempt from taxes, delaying any potential growth benefits until it is back on the tax rolls.

As the meeting progressed, the commissioners weighed the implications of the project, recognizing its potential to revitalize a neglected area while also grappling with the economic realities that could hinder its development. The outcome of this proposal could significantly influence the housing landscape in Fargo, making it a topic to watch in the coming months.