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Flats on Fourth (Ovation/Stencil-Buckeye)

92 unit multi-family complex in Rochester, MN. The developer and builder at Stencil Group plans to build a six-story apartment complex with retail on the main level and underground parking for residents.

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Project Impact(s): Housing, Neighborhood

This project is in Available 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, Project Type, Impacts, Related Projects

Collaborators 

Lead Organization: Stencil Group

Contact: TBD ; Email: TBD ; Phone: TBD

Known/Likely Collaborators:

Potential Collaborators:


Related Projects


Impacts 

Major Impact:  Housing

PlanScape Impacts :

Level 1: Housing, Neighborhood

Level 2: Housing: Affordable Rate, Housing: Market Rate

DMC Impacts:

Waterfront

Community Health Impacts:


Type of Project

Building  

 

 

Detailed Description

Location: Fourth St. and Third Ave. SE

 

Private Investment: 17M

 

 

 


Other Community News and Reports having impacts on:

Housing, Neighborhood
December 14, 2024: City Housing Support

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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December 11, 2024: Rochester-Olmsted County 4(d) Affordable Housing Incentive Program
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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December 07, 2024: "Link BRT a milestone project for Rochester

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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October 16, 2024: 2024 Destination Medical Center Reports
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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October 02, 2024: OpenBeam to support collective impact
Presentation Slides of Education Portal for C2C Oct 9, 2024 Education Summit

Results Based Accountability

Collective Impact: Spectrum of working together

Tech Support

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September 30, 2024: West Transit Village
September 2024 DMCC Board Update

September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo

 

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September 30, 2024: Economic Vibrancy & Growth Management

City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.  

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September 23, 2024: A Study of Financial Hardship

Post Bulletin Reporting

United Way 2024 ALICE  (Asset Limited, Income Constrained, Employed) Report 

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August 16, 2024: Tax Breaks to Landlords

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 07, 2024: Age-Friendly Olmsted County (AFOC) Plan

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: Bryk Apartments Rental Eligibility Amendment

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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July 01, 2024: First Half 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024: June 2024May 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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June 20, 2024: Community Building Fund
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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June 15, 2024: Homes for our Neighbors Community Gathering
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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Last modified by support on 2021/09/05
Created by support on 2016/03/24

 

 

 

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
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