The HIT Celebrates Union Workers in St. Lous Park

The HIT Celebrates Union Workers in St. Lous Park

The AFL-CIO Housing Investment Trust (HIT) hosted a worker appreciation lunch at Beltline Station in St. Louis Park, MN to honor the approximately 250 union construction workers whose skill, dedication, and hard work are bringing two new residential buildings within the Beltline Station development to life. Joined by labor, government, an

d housing leaders, the workers took center stage in a celebration recognizing their contributions to the project and the community. HIT's Regional Director - Marketing Pat Harris opened the event by welcoming attendees and introducing several prominent community leaders who joined in honoring the workforce.

HIT is providing financing for the development of 298 rental units across two separate buildings, Building 1, a 7-story mixed-use structure with 152 rental housing units, and Solene (Building 3), a 5-story residential building with 146 rental units, as well as an adjacent six-story, 571-stall parking ramp. By the end of construction, the development is estimated to create 730,270 hours of union construction work. With a total development cost of approximately $108.9 million, the development is estimated to generate $26.6 million in additional tax revenue and result in a total economic benefit of $195.1 million for the community.*

As of September 30th, the HIT and its subsidiary, Building America CDE have financed 120 total projects in Minnesota, of which 89 are in the Twin Cities.* Beltline Station represents yet another example of the HIT's commitment to the state of Minnesota.

* Includes projects receiving NMTC allocations by HIT subsidiary Building America CDE, Inc. Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and Building America project data. Data is current as of September 30, 2026. Economic impact data is in 2025 dollars and all other figures are nominal. Building America is a portfolio investment of the HIT but, unless otherwise noted, its underlying projects are not held in the HIT's portfolio.