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Sherman Associates

 

Organization Info
Impacts/Projects/Collaborators 
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Organization Information


Organization: Sherman Associates

Sector: Commerce

Organization Mission: Building communities. Enriching neighborhoods. Empowering people.

Website

Sherman Associates, Inc. Logo

 

It’s not our decades of successful development and property management experience that make us who we are. It’s our commitment to people and our vision for the future, a commitment and vision that permeate every project we touch and every property we own.

For over 40 years, Sherman Associates has been committed to building communities, enriching neighborhoods, and empowering people. As a developer, we’ve revitalized neighborhoods and transformed entire city blocks. As a property manager, we’ve improved living conditions for thousands of residents. No matter what project we’re taking on, we’re dedicated entirely to meeting the needs of everyone involved.

Our vision-oriented approach to development consists of three core principles: meet the needs of the city or neighborhood, bring innovative solutions, and properly utilize the right financing options. We don’t cut corners or pull out when unexpected challenges occur. Our team brings every project to successful fruition because we know the stakes are too high for any other outcome.

 

 


Related News and Status


 

Status Reports / News 
Related PlanScape Status on: Civic Engagement, Housing, Neighborhood, Sustainability

Key reports on: Sherman Associates


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 

Read more ...
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.

 

Read more ...
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 ...
December 05, 2024: City of Rochester, MN Mayor's Medal of Honor Recipients
Mayor Norton Honors 2024 Mayor's Medal of Honor Recipients

Mayor Norton Honors 2023 Mayor's Medal of Honor Recipients

Mayor Norton Honors 2022 Mayor's Medal of Honor Recipients

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

Read more ...
October 02, 2024: Rochester Vision 2050
Call for inputs: Mayor Norton YouTube Messages

Vision 2050 AI-Powered Interactive Survey LINK

Mayor Norton Memo to the Public

 

Read more ...
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

Read more ...
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

 

Read more ...
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.  

Read more ...
September 23, 2024: A Study of Financial Hardship

Post Bulletin Reporting

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

Read more ...
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.

Read more ...
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.

Read more ...
August 02, 2024: Rochester Vision 2050
The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.

Read more ...
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. 

Read more ...

Community Anchor Participation:

 

 

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Impacts

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

PlanScape

Lvl 1: Civic Engagement ; Housing ; Neighborhood ; Sustainability

Lvl 2: Housing: Affordable Rate ; Housing: Market Rate

DMC Impact: Waterfront

Community Health Impact area:

 



Known Collaborators

Onboard Collaborators: DMC EDA

 

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

Collective 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.
About Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

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