The Next Horizon

Project for Pride in Living: Building a brighter tomorrow.

Karla Henderson, President & CEO

JavaScript is required to play this video. Please enable JavaScript, or download the video in MP4 format.

Transcript: Project for Pride in Living

Karla Henderson:

I just feel that the Twin Cities was living a little bit in a bubble but it happened here and set off a worldwide protest.

[CARD: The Wells Fargo Branch at 3030 Nicollet in Minneapolis was destroyed during the civil unrest of May 2020.]

Ali Halley:

The community was really hurting and Wells Fargo wanted to respond.

[Title Card: Building a Brighter Tomorrow]

Ali Halley:

Instead of just rebuilding a branch, we wanted to help heal and grow that neighborhood.

[TITLE CARD: Ali Halley, Managing Director, Wells Fargo Commercial Real Estate, Community Lending & Investment]

Karla Henderson:

At Project for Pride and Living, we believe how we build is just as important as what we build,

[TITLE CARD: Karla Henderson, President & CEO, Project for Pride in Living]

and that means with community. Wells Fargo said, “We want to reimagine this site.” Residents wanted affordable housing. So check, 110 units will be built there.

Ali Halley:

The community lending and investment group provided $60.5 million in construction financing, a low income housing tax credit equity investment and a permanent loan commitment for the development of the project.

This new development is the result of an engaged community outreach process that included community listening sessions.

Karla Henderson:

The biggest thing residents kept saying is we want to own something. There's going to be four retail spaces for small businesses to own, not lease, own.

Ali Halley:

We're seeing what a redevelopment can do to really reengage and enliven in the whole community

Jon Weiss:

The impact here is truly remarkable. We’re celebrating an important step forward.

[TITLE CARD: Jon Weiss, Co-Chief Executive Officer, Wells Fargo Corporate & Investment Banking]

Karla Henderson:

The pillars coming up out of the ground, it's progress. It's the hope. It's the future.

Abdirahman Kahin:

This will be my first time

[TITLE CARD: Abdirahman Kahin, CEO, Afro Deli & Grill]

owning my own restaurant space and be my own landlord. This project will be something that the whole community will be proud of.

Close with music

Sponsored by Wells Fargo Corporate & Investment Banking

Wells Fargo businesses were committed to this development

Commercial Real Estate

Community Lending & Investment

Commercial Banking

Consumer & Small Business Banking

Corporate Properties

Government Relations

Wells Fargo Foundation

Sponsored by Wells Fargo Corporate & Investment Banking

The Next Horizon

Project for Pride in Living

bloomberg.com/thenexthorizon

Wells Fargo Corporate & Investment Banking (CIB) and Wells Fargo Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, Wells Fargo Prime Services, LLC, member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2024 Wells Fargo & Company.

When Wells Fargo set out to rebuild its property at 3030 Nicollet Avenue in Minneapolis—it did so with the vision to engage the local community in the development process. Twin Cities-based nonprofit Project for Pride in Living (PPL) answered the call to action. Now, PPL and Wells Fargo are partnering to create Opportunity Crossing, and to realize a shared vision for the community.

How we build is as important as what we build.

JavaScript is required to play this video. Please enable JavaScript, or download the video in MP4 format.

Transcript: Karla Henderson, President & CEO

KARLA: At Project for Pride in Living, we believe how we build
[TITLE CARD: Karla Henderson, President & CEO, Project for Pride in Living]
is just as important as what we build. And that means with community.

KARLA: 3030 Nicollet was a Wells Fargo branch that was destroyed after civil unrest in Minneapolis. Wells Fargo said, “we want to reimagine this site.”
[TITLE CARD: Ali Halley, Managing Director, Wells Fargo Commercial Real Estate, Community Lending & Investment

KARLA: Residents wanted affordable housing. And retail spaces for small businesses to own.

KARLA: It's one step closer for these small businesses, for 110 families, It's the hope. It's the future.

Close with music

Sponsored by Wells Fargo Corporate & Investment Banking
The Next Horizon
Project for Pride in Living
bloomberg.com/thenexthorizon
Wells Fargo Corporate & Investment Banking (CIB) and Wells Fargo Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, Wells Fargo Prime Services, LLC, member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2024 Wells Fargo & Company.

Karla Henderson, President & CEO, PPL

Rebuilding with an impact on the community.

JavaScript is required to play this video. Please enable JavaScript, or download the video in MP4 format.

Transcript: Wells Fargo CIB: Ali Halley, Managing Director, Community Lending & Investment

[CARD: The Wells Fargo branch at 3030 Nicollet in Minneapolis was destroyed during the civil unrest of May 2020.]

ALI: At Wells Fargo, we wanted to rebuild that location with an impact on the community.

[TITLE CARD: Ali Halley, Managing Director, Wells Fargo Commercial Real Estate, Community Lending & Investment]

ALI: Wells Fargo’s Community Lending and Investment Group focuses on affordable housing, providing debt and equity investments to developers.

ALI: We’re seeing what a redevelopment can do to really reengage and enliven the whole community.

Close with music

Sponsored by Wells Fargo Corporate & Investment Banking

Wells Fargo businesses were committed to this development

Commercial Real Estate

Community Lending & Investment

Commercial Banking

Consumer & Small Business Banking

Corporate Properties

Government Relations

Wells Fargo Foundation

Sponsored by Wells Fargo Corporate & Investment Banking

The Next Horizon

Project for Pride in Living

bloomberg.com/thenexthorizon

Ali Hailey, Managing Director, Community Lending & Investment, Wells Fargo Fargo Corporate & Investment Banking

‍

Corporate & Investment Banking client success stories

Explore CIB’s client success stories through engaging videos. Discover how our innovative solutions and dedicated partnerships have driven tangible results and shaped the future for our partners.

Verizon: Evolving Energy Networks

In February of this year, Verizon issued its sixth billion-dollar green bond. The proceeds of Verizon’s first five green bonds have been allocated primarily to renewable energy purchase agreements that foster the development of new renewable energy projects across the country. Learn how Wells Fargo supports their endeavor to green the nation’s electrical grid.

Watch video >

Ryman Hospitality Properties: Nashville Spirit’s Next Act

Ryman Hospitality Properties is expanding its footprint across the country, opening grand hotels and country music venues. Discover how Wells Fargo is helping them reach the next horizon.

Watch video >

AES: Decarbonizing the Economy

AES sells more renewable energy to companies than any other provider in the world. Wells Fargo has raised $4 billion for it over the last nine years.

Watch video >

Blackrock: Democratizing Investing

To provide more retirement investing choices for the 57 million Americans without a workplace retirement plan, iShares by BlackRock launched a suite of target-date ETFs. Wells Fargo creates and redeems shares of BlackRock ETFs.

Watch video >

Aligned Data Centers: Making Data Centers Greener

Aligned’s Delta Cube technology cools server rooms more efficiently, using less water and energy. The company was the first data center in the U.S. to complete a sustainability-linked financing, for which Wells Fargo was the joint lead underwriter.

Watch video >

PortMiami: Sustainability’s Leading Port of Call

The world's largest cruise ship port is working hard to stay ahead of climate change. Wells Fargo has raised $1.5 billion for infrastructure improvements since 2020.

Watch video >

Ramirez & Co.: Taking a Stand for Diversity on Wall Street

The oldest Hispanic-owned investment bank is storming Wall Street’s old boys club. Wells Fargo is using Ramirez for issuing its own sustainability bonds.

Watch video >

Wolfspeed: Racing to Make EVs Go Farther

Silicon carbide chips make EVs travel 5 to 15% farther than ordinary silicon chips. Wells Fargo has raised $5 billion to fund the chips that power the Jaguar TCS Racing Formula E team and the EV in your garage.

Watch video >