Heard on the Street: Alatus project starts to roll forward

Post Bulletin –

Twin Cities developer Alatus LLC is ready to roll forward with its planned 13-story residential and commercial tower by Mayo Clinic’s Saint Marys Hospital. The plan is to build a $130 million luxury tower on the corner of Second St. Southwest between 14th and 15th avenues.However, a lot has to happen before the unnamed tower will start to rise on Second Street.

The first step happened last week, when Alatus took control of The Brentwood on 2nd hotel and the Ray-Mar Motel, said Alatus Development Director Chris Osmundson. A local group led by Rochester’s Ed and Nick Pompeian, who have been working with Alatus since the start, sold the two closed hotels and some adjacent open land to the developer.

On Friday, crews started work to prepare the hotels for demolition. Osmundson expects the work to remove toxic materials, such as asbestos, to start in earnest today. The goal is to have the buildings demolished and the site prepped for construction by mid-October. Weis Builders is the lead contractor on the project. Ironically, Weis originally built the Brentwood, then known as the Blondell Hotel, in 1972. “It’s coming full circle,” Osmundson said.

One issue that could cause a hiccup is “some unexpected subsurface issues” originating from karst material under that corner, he said, noting the nearby Fresh Thyme grocery/apartments project ran into a similar problem.

Commuters shouldn’t be too concerned about the coming months and months of construction on that corner. Osmundson says the busy Second Street Southwest that runs by the hospital never will be closed for the work, though the sidewalk might be re-routed a bit.

By: Jeff Kiger
Date: Aug 14, 2017
View original article and images here.

Headquartered in Minneapolis, Minnesota, Alatus, LLC was founded in 2005 with the goal of revitalizing communities through the planning, design and construction of transformative projects. Known for its dedication to excellence, Alatus is a leader in multi-family as well as mixed-use, commercial, and single-family residential real estate developments.

The company also includes MyHomeSource, LLC, which focuses on single-family home construction throughout the Minneapolis/St. Paul metro and brings more than 30 years of real estate, design, and construction experience to each neighborhood. With numerous, award-winning urban and suburban developments, Alatus proudly partners with clients and communities throughout the Upper Midwest.