The Maven Named a Minnesota Brownfields ReScape Finalist

The Maven on Broadway, a six-story, 154-unit multifamily development in Rochester, Minn., was named a finalist for Economic Impact in the Minnesota Brownfields ReScape Awards.

The Maven encompasses all of the attributes of a successful brownfield redevelopment project. It required public and private sector collaboration to turn an under-utilized surface parking lot into a modern, high-quality mixed-use residential/retail development in the urban core of a global medical destination area.

A Contamination Cleanup Grant from Minnesota Employment and Economic Development office facilitated the cleanup of contaminated soils and buried debris to achieve goals of strengthening the local tax base, creating jobs and supporting the City's Destination Medical Center initiative.

Here are some highlights of the project's clean up and economic impact:

• Approximately 26,500 tons of contaminated soil were removed from the site.
• The tax base increased by approximately $359,000.
• The net change in property value is approximately $25,000,000.
• After completion, the project created 16 full-time and 13 part-time positions.

We're excited to have created this dynamic living environment through our collaboration with Titan Development & Investments.

• More about The Maven on Broadway