Titan Development & Investments (Titan) and The Opus Group (Opus) announced today the completion of a 154-unit, mixed-use apartment and retail development in Rochester, near the Mayo Clinic’s main campus. This project was designed to meet the increasing demand for multifamily housing options in the vibrant downtown core.
The building offers a mix of units ranging from studios to penthouses, including 20 furnished units. Tenants have access to various amenities including a green roof space with a swimming pool and fire pit; a club room; fitness center; lounge; roof top deck; tenant storage, dog wash and bike storage. The mixed-use building also has 9,000 square feet of available ground-level retail space.
“We’re thrilled to deliver a new, modern multifamily living option in the core of a global medical destination that fosters Rochester’s growth,” said Nick Murnane, director of real estate development at Opus. “The city, DMC and all stakeholders involved were key to the success and timeliness of this new mixed-use building in the community, which has experienced strong pre-leasing activity.”
As part of the City of Rochester’s Destination Medical Center (DMC) initiative, this project will serve the broader vision to create a truly integrated downtown community. The DMC initiative is a public-private partnership to position Rochester as the world’s premier destination for health and wellness. The DMC (www.dmc.mn) is the largest economic development initiative in Minnesota and one of the largest in the nation.
“The support shown by DMC and the city of Rochester has been incredible and we are thankful for their partnership to help make this project a reality,” said Andy Chafoulias, CEO of Titan. “It has been great to see the community’s excitement about how the unmatched upscale amenities of The Maven are helping transform the downtown area and meeting the luxury market demand.”
Opus and Titan were the co-developers of the project, and Titan provided the construction management. Opus was the design-builder, interior designer, architect and structural engineer of record.