Mille Lacs Corporate Ventures (MLCV) announced July 20 that it has completed the first construction phase of its latest economic development project — Lady Luck Estates — in Hinckley. Along with project partner Travois, investor Red Stone Equity Partners, and elected officials of the Mille Lacs Band of Ojibwe, MLCV held a grand opening ceremony on Friday, July 20, to showcase the 28 townhome-style development that will provide quality, affordable housing for hardworking families. To commemorate this milestone, a Princeton Elm tree was planted to signify growth of this neighborhood.
Lady Luck Estates includes 12 two-bedroom, 1.5-bath units and 16 three-bedroom, two-bath units. All homes have a one or two-car attached garage. The development includes two units with universal design features, fully adaptable to accommo- date tenants with physical disabilities.
The development is located just a mile west of Grand Casino Hinckley, which is the largest employer in Pine County. Lady Luck Estates is also strategically located close to important community resources and services to minimize transportation costs for future residents, a Mille Lacs Corporate Ventures economic focus.
“This development is the culmination of the hard work and commitment by many partners including the Mille Lacs Band, the city of Hinckley, Travois, Red Stone Equity and the dedicated staff of Mille Lacs Corporate Ventures,” said Joe Nayquonabe, chief executive officer of Mille Lacs Corporate Ventures. “We’re proud to meet the demand for affordable housing, which is a foundation to further economic development in the region.”
“We are proud partners of Mille Lacs Corporate Ventures and the Mille Lacs Band of Ojibwe,” said Elizabeth Glynn, chief executive officer of Travois. “The Band is focused on building its community in a smart way, fostering economic development through diverse businesses and strategically planning this new housing development and future developments.”
Photo: The Band celebrated the completion of the first construction phase on Friday, July 20. Pictured (left to right) are Joe Nayquonabe, CEO of MLCV; Dustin Goslin, Economic Development Director of MLCV; Chief Executive Melanie Benjamin, Mille Lacs Band; Sara Treiber, Property Manager, MLCV; ZachAtherton- Ely, Associate General Counsel, MLCV; Wally St. John, District III Representative, Mille Lacs Band; Sheldon Boyd, Secretary-Treasurer, Mille Lacs Band.