Titan Development & Investments and The Opus Group® Announce Completion of The Maven on Broadway


​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. 

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 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 and @theopusgroup on Instagram.

About Titan Development & Investments

Titan Development & Investments focuses on the development of hospitality properties, market rate apartments, affordable housing, and Senior Living communities throughout the country. Their extensive expertise of acquisition, finance, syndication, design, development, and construction allows them to successfully shift to different asset classes as the market changes. More details can be found at titandevelopment.us.