Across the Destination Medical Center (DMC) District, a variety of development projects are underway, lending to an endlessly changing Rochester skyline. Now, with financing and approvals in place, construction of a new apartment community is underway at the intersection of 2nd Street SW and 14th Avenue SW in the St. Marys Place sub-district.
Alatus LLC, a Minneapolis-based company, will develop the $125 million mixed-use building on 2.77 acres across from Mayo Clinic’s St. Marys Hospital campus where The Brentwood (formerly The Blondell) and Ray-Mar Motel once stood.
The yet-to-be-named 13-story tower, with its 310 apartments and 37 townhomes, will be home to nearly 350 families in the historic Folwell neighborhood. The ground level of the building will include vibrant, pedestrian-friendly spaces including restaurants and retail, with office space and additional retail planned for the second floor. Amenities include a rooftop pool and indoor sauna, outdoor kitchen and grilling stations, fire pits, a state-of-the-art fitness center, and a year-round dog spa. The site will also add additional parking to the sub-district.
The Alatus Development project will add over 347 residential units, restaurant, commercial, and retail space. Project highlights growing momentum of Destination Medical Center initiative, with over $200 million in development since 2013.
ROCHESTER, Minn. (Dec. 15, 2016) – The Destination Medical Center Corporation (DMCC) Board of Directors today approved the $115 million Alatus LLC 2nd Street Development Project for the DMC St. Marys Place sub-district subject to a final review of the project’s financing. The 13-story mixed-use development is expected to include over 347 residential units, 13,500 square feet of ground floor retail space, and 7,500 square feet of second-floor office and retail space.
Projects would add over 270 apartment units and 200 hotel rooms to DMC district
ROCHESTER, Minn. (Oct. 27, 2016) – The Destination Medical Center Corporation (DMCC) Board of Directors today received a preliminary view of two significant mixed-use project proposals aimed at building hotel, retail, and residential housing options in key sub-districts within the DMC District. Board members also received an update regarding transportation planning efforts and approved the DMCC’s funding request for 2017.
Titan Real Estate and Investments and the Opus Group provided initial background on a proposed 156-unit apartment complex that would be built in the Discovery Square district upon a First Ave. surface parking lot. The development would include retail and parking within, as well as a green roof and pedestrian access to downtown. Titan, a local company, was the developer of “Broadway at Center,” one of two DMC-approved projects.