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Residence at Discovery Square (Third Ave Lofts Residence at Discovery Square)

Early tentative plans were presented to Rochester's Committee on Urban Design and Environment in January by the Vinar's architect, Teresa McCormack. McCormack, the owner of The Urban Studio in Rochester, described the complex with an estimated 150 market-rate apartments plus mixed-use commercial space.

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, Project Type, Impacts, Related Projects

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

Detailed Description

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

Other Community News and Reports having impacts on:

Housing

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.

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.

August 05, 2024: Second Half 2024 Targeted Business Enterprise Utilization Plan Reports

3Q2024: July 2024 Admin Message and Reports

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.

July 17, 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.

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

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

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.

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

May 24, 2024: 1H 2024 Destination Medical Center

Proceedings

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

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

May 17, 2024: Minnesota Housing Profile Housing Statistics and Findings

2023 Olmsted County Housing Profile

State of MN Profile and Findings

March 10, 2024: West Transit Village

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

2024-03-10 Added Video Clip Loop of Sep 2022 DMCC board meeting

March 07, 2024: City of Rochester Housing Actions

Feb 26 City Council Study Session Housing Portion: Economic Development Incentives for Housing

Video Clip

Presentation Slides

March 04, 2024: City Council: Diversity, Equity, and Inclusion Updates; Housing; International Relations

DEI Presentation Topics: Language Access and Accessibility; Equity in the Built Environment; 2024 Initiatives

Economic Development Incentives for Housing

Mayor Updates: Black History Month, Luther College: Mutable City; International Relations Committee

February 12, 2024: Destination Medical Center (DMC) Investment Metrics Slow Down Trend

Feb 1, 2024 DMCC Board Meeting

Private investment metrics Slide

Video Clip

PB Reporting

Last modified by support on 2021/09/05
Created by allnode on 2016/10/26

Site Information

Project Phase Definitions

The following defines the various project phases:

Available - a product, program or service is in production
Develop - program or application is being developed
Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
demonstration
Pre-concept Phase - an early idea or a requirement.

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