Twin Cities developer announces $136.5 million housing development in downtown Rochester

(ABC 6 News) — A Twin Cities developer has announced it has closed on a $136.5 million multifamily housing development in downtown Rochester.

Sherman Associates, based out of Minneapolis, said it will be the company’s first development in Rochester and will be a mixed-income development to bring 349 new homes to the downtown area.

The project will be located at the Civic Center North Lot site, which recently closed (217 East Center Street)…

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