Project Impact(s):
Housing
This project is in Develop Phase
- Explore this page to view Beam's assessment of the basic description of the project, its impacts and collaboration atrributes. Also shown are status reports related to the project.
- Please click this Link to get to Beam's view of the project's strategy, expected results, and monitored metrics.
Collaborators Lead Organization:
The Urban Studio
Contact:
Vance Sr. & Barbara Vinar
; Email:
TBD
; Phone:
TBD
Known/Likely Collaborators:
Potential Collaborators:
Related Projects
Impacts Major Impact:
Housing
PlanScape Impacts : Level 1:
Housing
Level 2:
Housing: Market Rate, Discovery Square
DMC Impacts:
Discovery Square
Community Health Impacts:
Type of Project
Building
A $3 million real-estate deal clears the way for a new apartment/commercial development near Rochester's Soldiers Field Park.
Vance Vinar Sr. and Barb Vinar, of Faribault, bought five parcels on Third Avenue Southwest and Fourth Avenue Southwest from Rochester's 3rd Avenue Holdings LLC. The Vinars made the purchase through Residence at Discovery Square LLC. It included two of the Third Avenue Lofts apartment buildings on the west side of Third Avenue and three adjacent single-family homes.
The parcels included:
506 Fourth Ave. SW, 509 Third Ave. SW, 507 Third Ave. SW, 514 Fourth Ave. SW ,519 Third Ave. SW
While the land changed hands, the details for the future project on the site still are being worked out.
20M private investment
No DMC Funding
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Other Community News and Reports having impacts on:
Housing
Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.
PB Reporting regarding TIF $14M Requests (Sherman and Prairie Ridge) 2024-12-14
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 The current Rochester-Olmsted County 4(d) Affordable Housing Incentive Program application is for the Tax Assessment Year 2025 - Tax Payable Year 2026, the tax savings for this application will not be realized until the Tax Payable Year 2026.
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City of Rochester Receives $84.92 Million Federal Grant for Transformative Link Bus Rapid Transit Project
LINK Progress Report to City Council
Rochester eyes TIF to support Transit Village, Public Parking
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 Proceedings
September 2024 DMCC Board Meeting with 2025 Workplan Breakout
May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting
Feb 2024 DMCC Board Meeting
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 September 2024 DMCC Board Update
September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo
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City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.
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PB reporting: A local program providing tax breaks to landlords in exchange for maintaining lower rents is being tweaked to encourage future development of affordable housing.
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August 2024 Report : Age-Friendly Olmsted County (AFOC) activities implementing the Age
Friendly Olmsted County 2022-2025 Action Plan since our annual report in February 2024.
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July 17, 2024 City of Rochester: Adopting a Resolution authorizing an amendment to the Development Assistance Agreement and the Declaration of Restrictive Covenants to revise the affordability covenants related to the 80% Units.
March and May 2023 reports to DMCC including video, documents and presentations.
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2Q 2024: June 2024; May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report
1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report
Special callouts: Women in Construction; City of Rochester Equity in Development
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 The City of Rochester welcomes applications for the Community Building Fund. This fund is all about supporting projects, programs, and events in the city that actively promote equity and inclusion.
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 Calling for Community Support at Community Meeting: The most recent Olmsted County Maxfield Study found that from 2020-2030, housing demand required 18,000 new housing units. 71% would need to be general-occupancy and 29% age-restricted senior housing.
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Focus Area: Housing; Our Next Generation; Healthcare; Community-Building; Climate
Activities: Rochester Faith in MN & ISAIAH Calendar and Strategic Missions
Reference: CMRC June 24, 2024 Meeting Presentation Video
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Mobilizing Olmsted Voices for Equity (M.O.V.E.) community council application
M.O.V.E. Promotional Flyer and Application to join M.O.V.E.
5/10/2024 Conversation Olmsted County Rep and CMRC Rep.: Regarding Olmsted County Community Council's DEI initiative called Mobilizing Olmsted Voices for Equity (M.O.V.E)
Rochester Area Foundation Support Message
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