Market-rate apartments Lofts at Mayo Park in Rochester Celebrate
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Market-rate apartments Lofts at Mayo Park in Rochester celebrate
ribbon-cutting
-- Welsh Construction built the 52,000 square foot facility within the Destination Medical Center Development District --
February 23, 2017 – Minnetonka, MN – The Lofts at Mayo Park in Rochester held a ribbon-cutting ceremony on Tuesday, February 21. The ribbon-cutting marks the opening of Rochester’s newest upscale, market rate apartment complex. The site is located within the Destination Medical Center Development District located between 107 and 121 Sixth Ave. SE. The four-story project is being developed by Helen and Chris Roland, trustees of the George F. Pougiales Trust. Welsh Construction worked with the Roland’s to execute their vision for the short-term and extended stay residential development near Mayo Clinic.
The ribbon-cutting, hosted by the Rochester Area Chamber of Commerce, included remarks from Laurie Ackerman, Director of Sales and Marketing for Opportunity Services and Chamber Ambassador, Helen and Chris Roland, trustees of the George F. Pougiales Trust and Judy Braatz, Membership Development Director at the Rochester Area Chamber of Commerce.
“We're always happy to have additional housing choices in Rochester. The Destination Medical Center Initiative will generate tens of thousands of new jobs. The workforce needed to fill those jobs will require a myriad of housing options,” says Rob Miller, president of the Rochester Area Chamber of Commerce.
The development features 29-units and was designed by Minneapolis-based Snow Kreilich Architects. The project design was inspired by a competition where six entries were reviewed at the Rochester Art Center. Amenities of the Lofts at Mayo Park include modern exterior finishes, underground parking, roof deck patios, a glass-front lobby and conference room and private patios and balconies. Additionally, 14 of the 29 units are fully-furnished for future tenants. The development is located on Mayo Memorial Park, one of Rochester’s oldest and most well-connected parks. The building’s common spaces provide expansive views of the park, the Zumbro River and downtown Rochester.
“The construction of the Lofts at Mayo Park will add much-needed market-rate residential options near the Mayo Clinic. It was rewarding to work with the client, city and local utility companies to create this opportunity for potential residents in need of being in close proximity to the Mayo Clinic hospital,” says Patrick Schei, Division Manager at Welsh Construction.
The George F. Pougiales Trust owns and operates a variety of properties located in and around downtown Rochester, Minnesota. The Trust is working to redevelop the properties into community assets in Pougiales’ memory.
A formal grand opening for the Lofts at Mayo Park will be held later this year once exterior landscaping has been completed.
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About Welsh and Colliers International | Minneapolis-St. Paul
Welsh is a full-service commercial real estate company headquartered in the Twin Cities with regional offices in Minnetonka, Minneapolis and Shoreview, Minnesota. Welsh consists of more than 300 professionals whose expertise extends into every aspect of commercial real estate including brokerage, corporate solutions, real estate management, facility management, construction, architecture, development, and financing. Welsh has partnered with Colliers International, a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries.
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