Luther Seminary announces a new partner in the pursuit of the sale of lower campus, Inland Development Partners.
The seminary remains committed to selling the lower campus for additional mixed-use housing, including affordable housing, and is in a solid position as the search for the right buyers continues.
“We are pleased to work together with IDP as we pursue the sale of the lower campus,” said Robin Steinke, president of Luther Seminary. “We continue to believe the lower campus is a historic opportunity in the heart of the metropolitan area and the need for more housing is endorsed by community partners.”
IDP has decades of real estate development experience and will focus on the steps needed to obtain community and government support, create individual building sites through a thorough review of the infrastructure and unique attributes of the site, and will support Luther Seminary’s efforts to sell those parcels to the entities that will build on them.
“Our existing relationships in this category along with our experience working on large, complex projects with multiple entities will serve Luther Seminary well,” said Kent Carlson, Partner at IDP. “We’re happy to act as master developer to ensure a solution that meets the needs of the community.”
As this process continues, the lease of Stub Hall to Ramsey County for a temporary shelter to house people experiencing homelessness has been extended through May of next year.
About Luther Seminary
Luther Seminary educates leaders for Christian communities across the country and around the world. An innovator in theological education, the seminary is committed to exploring leading-edge approaches for Christian ministry, proclamation, and faith formation in a rapidly changing world. As one of the seven seminaries in the Evangelical Lutheran Church in America, Luther Seminary has educated more than one-third of ELCA pastors, lay professionals, and leaders of many global Lutheran and ecumenical churches. Learn more at luthersem.edu.
About Inland Development Partners
Inland Development Partners (IDP) is the culmination of the talents and track records of real estate professionals Kent Carlson, Bob Cunningham, Steve Schwanke, and Tom Shaver. With more than 190 years of experience, successful developments mapped out in miles and a sheer enthusiasm for complex challenges, IDP transforms landscapes and communities through land development, site redevelopment and asset repositioning throughout the Twin Cities and the Upper Midwest.