Devean George Rumors

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Devean George
Devean George
Position: None
Born: 08/29/77
Height: 6-8 / 2.03
Weight:225 lbs. / 102.1 kg.
Former LA Laker and Augsburg College standout Devean George is the driving force behind a new development in North Minneapolis. He and a former classmate hope their affordable housing unit near Penn Avenue and Golden Valley Road will be a catalyst for positive change. A high-traffic area known for violence and crime is being converted into a place where people can live, shop and thrive in the heart of North Minneapolis.
Storyline: Real Estate
“It’s the ‘Devean George effect,’ ” said Jeff Washburne, the longtime executive director of the City of Lakes Community Land Trust, a North Side nonprofit that’s helped 200 working-class families buy refurbished city homes. “He’s a star and he’s a team player. He’s focused on this neighborhood with time and investment. He’s told us that every resident of his Commons at Penn development who is able to buy a house from us means success, and an available apartment for the next family that needs one.”
Devean George, a real estate developer with a heart who also was a pretty good basketball player, made an inaugural investment in north Minneapolis in 2006 that is about to reap a nice return for working-poor families and his old neighborhood. This summer, George will break ground on Commons at Penn Avenue, a 45-unit apartment building that will include retail shops. It also will house several nonprofits that work with families on education, training and employment. George has fronted or borrowed nearly $450,000 to cover predevelopment costs, including land acquisition and three years of planning. “It all starts with stable housing,” said George last week, sipping a cup of coffee at Sammy’s Eatery on W. Broadway. “Education, training, a job and maybe, one day, a family moves on to buy a house. This will work because I have all these good partners.”