Rochester made history in early April when The Berkman, a 13-story apartment building and hotel with related townhomes, was purchased by CBRE Investment Management of Boston for a historic $187.6 million. That might be the biggest price ever paid for a single multifamily property in Minnesota’s history.
The 13-story Berkman tower at 217 14th Ave. SW sold for $187.6 million on April 5. The complex, which opened in 2020, features 277 apartments, a 73-room hotel and street-level commercial space. It stands a few hundred feet away from Mayo Clinic’s Saint Marys Hospital.
Regarding the “Traffic a concern for the proposed complex” story, (Monitor, 3/6) I couldn’t agree more. I believe it’s short-sighted to build such a traffic-generating complex, effectively at the intersection of I- 89 and I-93, especially since the.
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