A partner in the development of a new multifamily rental complex in Rochester purchased land for the project last week for $3.555 million, according to an electronic certificate of real estate value.
Chicago-based Redhawk Multifamily is partnering with Trilogy Residential Management on development, called The Lodge. An entity named Redhawk Lodge LLC sold the vacant land to Trilogy, operating as TF Rochester LLC in the acquisition, according to the CRV.
Redhawk and Trilogy broke ground last week on the nearly 32-acre project, said Redhawk Managing Member Mark Avis.
“I know that Rochester [has] a need for this type of housing. The Lodge is going to be something very different than any … other rental product that’s there,” Avis said.