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Alatus, LLC

 

Organization Info
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Organization Information


Organization: Alatus, LLC

Sector: Commerce

Organization Mission: Alatus is the ancient Greek word for “to take flight”, or “to look beyond”. We do both, delivering projects and performance that are consistently above and beyond the expected, while continuously searching the horizon for new opportunities. Founded in 2005, Alatus LLC is a Minneapolis based real estate developer with expertise in urban and suburban residential multi-family development, commercial development, parking and property management, and single family home development. Established by Bob Lux, an award winning real estate developer, Alatus focuses its efforts on real estate development and re-development projects in the Minneapolis-St. Paul metro area. Our leaders have combined their passion for real estate, commercial development, and investment to build a truly dynamic organization that excels in a variety of endeavors. Alatus is comprised of a highly skilled team with decades of expertise in development, construction, finance, and marketing. Each of our divisions possesses its own unique talents and strengths. Each, too, share a commitment to the values that make Alatus much greater than the sum of our parts.

Website

 

 

 


Related News and Status


 

Status Reports / News 
Related PlanScape Status on: Housing

Key reports on: Alatus, LLC


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

Read more ...
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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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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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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June 09, 2024: ISAIAH Rochester Agenda

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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May 21, 2024: M.O.V.E: A Collaboration of SHIP, Joint Study, One Olmsted

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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Community Anchor Participation:

 

 

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Impacts

The work of this organization may have impacts on the following areas:

PlanScape

Lvl 1: Housing

Lvl 2: St Marys Place

DMC Impact: St Marys Place

Community Health Impact area:

 


Potential Projects

Project Involvement Candidates:


Known Collaborators

Onboard Collaborators: DMC EDA

 

Potential Collaborators

Potential Collaborators:

Organization Life Cycle Assessment (Pause, Startup, Steady, Isolated Impact, Collective Impact  Unknown)

Isolated Impact

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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