Prairie Ridge Master Development

Rochester is an exceptionally stable market anchored by the #1 hosptial in the world, the Mayo Clinic. Mayo employs over 42,000 at the Rochester Campus and brings in well over 1 million visitors annually. Mayo's steady & strong growth over the past several decades has made Rochester an instituional quality real estate investment marketplace. And the future is also bright, with Mayo recently commencing construction on a $5 Billion expansion to its Rochester campus known as Bold. Forward. Unbound!, a plan to build the hospital of the future. Prairie Ridge is a premier multi-family site in NW Rochester adjacent to W Circle Drive commercial corridor and minutes from the Mayo Clinic. Site is located along Valleyhigh Drive NW at 50th Avenue, between W Circel Drive and the new 60th Avenue. Key area retailers and employers include, Costco, Mayo Clinic, Hyvee, Cub Foods, Starbucks, McDonalds, Five West, Tap House, IBM, Western Digitial, and multiple banks, daycares, service and convencience retailers.Prairie Ridge is an 80 acre master development with a thoughtful mix of for sale single family, for sale townehomes, build-to-rent townehomes and apartment/multifamily totaling ~1,000 housing units entitled and ready for development. Located in the heart of Rochesters growth path, this property at 50th Avenue NW and Valleyhigh Dr, Rochester, MN, 55901 offers an exciting opportunity for multifamily land investment. Zoned R-3 and with an approved EAW, the property offers development ready opportunity for multiple multifamily projects across various asset classes. Approved concept plans include 4 story multifamily, build-to-rent Townehomes and flexiblity to adjust to a developers choice product totaling 900+ units throughout the Prairie Ridge Development. Initial mass grading is on schedule to commence Fall 2024 with a for sale project breaking ground on veritical construction early summer 2025.