Sponsored By
An organization or individual has paid for the creation of this work but did not approve or review it.

ADVERTISEMENT

ADVERTISEMENT

$2 million Second Street deal clears way for new hotel

We are part of The Trust Project.

A $2 million deal to buy 0.41 acres of open land on Rochester's Second Street Southwest clears the way for a six-story hotel project.

TPS Rochester LLCbought the land at 601 Second St. SW on the northwest corner of Second Street and Sixth Avenue Southwest from Portland Real Estate LLC. Portland Real Estate is based in Rochester and led by Brooks Edwards. 

The sale clears the way for a group led by Jeff Brown Jr.and Mike Zirbes, of North Rock Real Estate, and Collin Nashto develop a 109-room, six-story Towneplace Suites by Marriotthotel . TSP Rochester shares a Rochester address with North Rock's offices.

The sidewalks and alley around the project have been closed by the city this week for Weis Builders to work on the site. The closures are scheduled to extend through the end of 2020.

The site is just west of Mayo Clinic’s Ozmun Building.That’s roughly midway between the downtown core and Mayo Clinic’s Saint Marys campus.

ADVERTISEMENT

That lot has been open since 2013, when a more than century-old house that had been revamped into a four-plex housing complex was demolished.  Dr. John Sundhad operated a dental office there.

Related Topics: REAL ESTATEMAYO CLINIC
What To Read Next
PrairieCare mental health experts share tips to recognize, avoid burnout.
Almost a decade after Mayo Clinic purchased it, the fate of the former Lourdes High School complex at 621 W. Center St./19 Sixth Ave. NW remains in limbo.
Ear infections occur often with colds or allergies and don't need antibiotics to clear. Many children grow out of semifrequent ear infections as they get older.
There is a pronounced need for more dental providers in Southeast Minnesota's rural towns, many of which don't even have a dental clinic. The challenge: getting graduates to go there.