The 2024 Real Estate Development and Investment Summit, a collaboration between Destination Medical Center Economic Development Agency (DMC EDA) and ULI Minnesota, promised unprecedented demand and opportunity – and it delivered.
The morning began with an insightful panel highlighting the current and future plans of key stakeholders in Rochester, including Mayo Clinic, the City of Rochester, and University of Minnesota Rochester (UMR). Representatives from Mayo Clinic unveiled their strategic initiative, “Bold. Forward. Unbound. in Rochester,” which aims to revolutionize healthcare through innovative care concepts and digital technologies. Chancellor Lori Carrell of UMR discussed the university’s rapid innovation focus and tailored education solutions.
The City of Rochester, amidst unprecedented levels of public and private investment, nearing $7 billion over the next 7 years, showcased its strategic infrastructure investments and partnerships to support sustainable growth. Deputy City Administrator Cindy Steinhauser outlined the city’s efforts to position itself for transformation while fostering an environment for additional private investment to thrive.
Attendees had the opportunity to explore Rochester’s development opportunities through guided tours:
Link Bus Rapid Transit & West Transit Village: Participants toured the planned 2.9-mile bus route along 2nd Street, learning about development opportunities, including the Transit Oriented Development (TOD) village.
Bold. Forward. Unbound.: This tour showcased the evolving downtown community and Mayo Clinic’s growth, highlighting connections to hospitality, neighborhoods, and public transportation.
Riverfront Small Area Plan: Attendees walked along the Zumbro River to explore Rochester’s community vision captured in the Riverfront Small Area Plan, focusing on potential public and private investment opportunities.
Discovery Square: Dubbed “Healthcare meets Hospitality,” this tour provided insights into the Biomed-tech buildings and the entrepreneurial ecosystem in the Discovery Square innovation district.
Housing: Tour groups visited Bryk on Broadway, a mixed-income apartment building, and explored the University of Minnesota’s conversion of the Doubletree Hotel into a student housing complex.
The 2024 Real Estate Development and Investment Summit exemplified Rochester’s commitment to innovation, collaboration, and sustainable growth, setting the stage for an exciting future in the heart of Minnesota.
DMC and ULI Minnesota would like to thank our sponsors for their support
Gold Level
Silver Level
Bronze Level
Kraus-Anderson Construction
Ryan Companies
Premier Bank
2024 Real Estate Development and Investment Summit Resources