Just a week after Mayo's Destination Medical Center plan was approved by the state, a Rochester developer announced plans today for a 25-story tower at the corner of South Broadway and East Center Street.
The Broadway at Center mixed-use project, proposed by Andy Chafoulias' Titan Development and Investments, would have about 30,000 square feet of Class A office space, a 150-room four-star hotel, 150 market-rent apartments, a "high-end grocery" and a Minnesota-branded steakhouse, among other attractions.
The announcement was made at a news conference this morning at Titan's offices in the Minnesota Biobusiness Center. Chafoulias didn't attend; the announcement was made by John Beltz, vice president of brand revenue development.
Titan is "poised for some very significant growth and contributions to Rochester," Beltz said, citing the company's planned restaurant and entertainment complex three blocks south at the C.O. Brown building site and a seniors apartment project further north on Broadway.
No cost estimate was provided for the Broadway at Center tower, and Beltz said the tower could go higher as planning proceeds -- possibly topping the Broadway Residences and Suites tower next door, which is the tallest building in Rochester and southern Minnesota. As planned, the building would have about 300,000 square feet of space and would be connected to the skyway system and a planned city parking ramp on the block.
The new building would be on the northwest corner of the block bounded by South Broadway, East Center Street, First Street Southeast and First Avenue Southeast. The Broadway Residence and Suites tower is on the southwest corner, and the new project would be on the current site of CJ's Midtown Lounge, Jakobson Management Co. and Ginny's Fine Fabrics.
The goal is to have a "hole in the ground" and construction underway next year, Beltz said. He declined to identify the hotel, restaurant and retail tenants who are in discussions with Titan but said in a news release that they're "finalizing negotiations with several recognizable Minnesota brands."
Rochester's lack of a top-tier hotel brand was often cited during the DMC legislative process as something the city needs to attract national and international medical visitors.
The announcement signals Andy Chafoulias taking the wheel of a project envisioned by his father, Rochester developer Gus Chafoulias, in 2007. That proposal was for a two-tower mixed-use project with retail, apartments and office space as well as possible space for University of Minnesota Rochester.
As with the previous version, Rochester architect Hal Henderson of HGA Architects and Engineers would direct the project design. Darren Schlapkohl, Titan vice president of development and construction management, said the project has "been in design for some time and continues to evolve."
Mayo's DMC initiative, which was announced in January and won legislative approval less than two weeks ago, is "an excellent addition to the vision" for Rochester, Beltz said, but Henderson said the Broadway at Center project has been at an advanced stage for at least six months.