Everyone knows lots of properties are selling in Rochester, though, in many cases, only the buyers know what is coming next.
Mayo Clinic sold three open lots plus one with a 97-year-old house in southwest Rochester for $720,000 on the final day of March.
The four parcels are on 14th Avenue Southwest, which runs along the west side of Saint Marys Hospital. Olmsted County estimates the total value of the real estate at $140,000.
Here's what Mayo Clinic had to say about the deal.
"We did sell four parcels recently (313, 317, 323 and 327 14th Ave, SW) to '1406 Second Street Associates.' You will need to contact the buyer’s representatives for any additional info/comment on their plans for the parcels," wrote Ginger Plumbo, of Mayo Clinic Communications, in an email response to questions.
Rochester developer Nick Pompeian, who owns the Brentwood on 2nd and Ray-Mar hotels at the corner of 14th Avenue Southwest and Second Street, is a representative of the local investors behind 1406 Second Street Associates.
He confirmed the purchase Monday, but couldn't discuss any future plans for the new property.
However, the real estate does seem to support the longtime buzz that a major redevelopment is coming for that ever-so popular block.
As Destination Medical Center very slowly ramps up, the prospect of sitting in the shadow of Mayo Clinic's busy hospital has a lot of people eagerly putting together potential deals.