9 posts

Mega-projects will headline 2018

– Finance & Commerce Allianz Field Size: 34 acres Cost: $200 million for stadium, surrounding development unknown Owner: MUSC Holdings LLC owns the stadium, RD Management owns the retail center to the north. Description: Construction of the Minnesota United soccer club’s new stadium in St. Paul is moving at a […]

Alatus ready to roll on $125M Rochester project

Finance & Commerce – Minneapolis developer Alatus LLC has closed on all the land it needs for a new, $125 million apartment tower in Rochester and will likely begin construction this fall. The developer closed Aug. 8 on the $10.47 million purchase of a chunk of properties on the 1400 […]

Rochester gives final approval to Alatus plan

– Post Bulletin In its final weighing at a Rochester City Council hearing Monday night, the benefits of the proposed 13-story residential and commercial development by Alatus on Sencond Street Southwest were found to outbalance the public objections to it. The council approved Alatus’s conditional use permit and final incentive […]

Alatus project heads for final approval

– Post Bulletin The Alatus project, a once hotly contended 13-story residential and commercial tower proposed in southwest Rochester, is headed on to a final review at the Rochester City Council with a unanimous recommendation of support from the City Planning and Zoning Commission. The project, proposed between 14th and […]

Bob Lux: Rochester tower will be ‘legacy project’

– Finance & Commerce Developer Bob Lux on Thursday made a spirited sales pitch for his proposed 13-story mixed-use tower in Rochester, the day after the city’s planning commission deadlocked on the project. Lux, founder of Minneapolis-based Alatus LLC, told the Destination Medical Center Corp. board Thursday that the $105 […]

Saint Marys-area project a ‘100-year’ building

– Post Bulletin A 100-year building with materials and design directly informed by the context of Mayo Clinic and the historic Folwell neighborhood — that’s how the developers of a major mixed-use project neighboring Mayo Clinic Hospital-Saint Marys Campus described the 13-level building. After seeing and hearing the plans described […]

$100 million development proposed near Saint Marys

– Post Bulletin A more than $100 million housing and commercial development is proposed for a high-profile corner of Second Street Southwest, next to Mayo Clinic’s Saint Marys campus. The plans call for a 13-story building with two levels of underground parking to be built on more than two acres […]