ROCHESTER, MINN – The developers behind the riverfront Bloom project have written a letter to the City of Rochester apologizing for the delays that led to its cancellation.
The City Council decided on Monday to terminate the project after not getting back a written proposal from Bloom International Realty on continuing with the residential phase of the development but putting a hold on anything after that. Rochester worked exclusively with Bloom for nearly four years but will now consider other options for the riverfront location.
“Rochester is a much different place than it was four years ago,” says City Administrator Steve Rymer. “There’s been significant growth and vitality in the market, specifically in the downtown DMC district. This includes more than a half a billion dollars invested in housing, hospitality, and commercial developments. Plus, there are new projects in the pipeline, including the expansion of Mayo Clinic’s Gonda building to accommodate additional clinical space and a new hospitality option. We are excited about the momentum.”
City Administration says will bring forward a proposed approach for next steps to the City Council in the next month. Bloom has indicated it is still interested in being involved in Rochester riverfront development.
The text of the Bloom letter is below.
Mayo Clinic issued its own statement in response to the Bloom letter:
“The Mayo Clinic Gonda Building expansion helps meet increased requests for patient care space on our downtown campus and fulfills an unmet hospitality option for some of Mayo Clinic’s patients. Mayo Clinic is incredibly pleased with the pace of private investment occurring in the market place to secure Rochester’s future as a national and international destination medical center.”