The Opus Group (Opus) and
Titan Development & Investments (Titan) announced today the start of construction on a 154-unit mixed-use apartment and retail development in downtown Rochester.
“Located just steps away from Mayo Clinic's main campus in downtown Rochester, this development marries convenience with unique/high-quality amenities for local residents," said Matt Rauenhorst, vice president, general manager, Opus Development Company, L.L.C. “Our combined Opus and Titan team will bring urban living to a new level in Rochester, and we're thrilled to be a part of the city's and DMC's vision for the area."
This project is under the City of Rochester's Destination Medical Center (DMC) initiative, a public-private partnership to position Rochester, Minnesota 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 development will bring upscale finishes and an unmatched amenity package to downtown Rochester" said Sheila Thoma, Titan's director of marketing and communications. “We are excited to be partnering with Opus, the City of Rochester, and DMC to provide the Rochester community a unique option for downtown living."
The six-story building will include 9,000 square feet of ground-level retail space. The first level amenities will include a gallery entryway, a main entry lobby, tenant storage as well as a dog wash, bike storage and resident parking. The second level will include a swimming pool, green roof space with seating, fire pit, club room and fitness center. Additionally, tenants have access to the sixth floor lounge, which is adjacent to the outdoor rooftop deck complete with a fire pit. The project will offer studios up to penthouse units and include furnished units.
Opus Development Company, L.L.C. and Titan are co-developing the project. Opus Design Build, L.L.C. is the design-builder and Opus AE Group, L.L.C. is the interior designer, architect and structural engineer of record. Titan is providing the construction management.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail, healthcare and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.
About Titan Development & Investments
Built on decades of experience, Titan Development & Investments focuses on the development of market rate housing, Class A office properties, senior living projects, and affordable housing. Titan is a national developer with leadership based in Rochester, Minnesota, and strong ties to the community. With their large network of partners across the country and their extensive expertise of acquisition, finance, syndication, design, development, and construction, it allows them to successfully focus on a variety of projects throughout the United States. More details can be found at www.titandevelopment.us.