15 posts

Alatus’ mixed-use tower in Rochester gets a name

– Finance & Commerce: Alatus LLC’s new mixed-use tower in Rochester, Minn., has a name, and a reputation, to uphold. The 14-story, 350-unit tower at 217 14th Ave. SW will be named “the Berkman,” in honor of Daisy Louise Berkman Plummer, an early 20th century Rochester socialite. Alatus began purchasing […]

MN Snapshot: Rochester gears up for major projects

– Finance & Commerce The snow is still falling, but across Rochester old buildings are being torn down, construction fences are going up, and developers are securing building permits for an array of projects on the drawing board for the 2018 building season. Much of that construction is related to […]

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 […]