Ned Abdul


Swervo Development Corp.




Developer and dealmaker Ned Abdul has become a formidable player in local real estate circles. This spring, Swervo sold three buildings—including the renovated 510 Marquette—for $87.5 million to San Francisco-based Spear Street Capital. He’s acquired the former Nate’s Clothing building in downtown Minneapolis and the vintage Walker Library in Uptown. All eyes are on his $6 million purchase of the Minneapolis Armory; he plans to convert the building into a concert and event space in the emerging Downtown East area.