Square on 31st
Year Rehabbed: 2013
Address: 320 31st Street NE, Rochester, MN 55906
The Square on 31st is the rehabilitation of the 104 unit apartment complex formerly known as Rochester Square in Rochester, Minnesota. Rochester Square was originally constructed in 1971 and was one of the first Workforce Housing properties in the state. In August 2013, RS Apartments, Limited Partnership purchased the property with the intent of providing over $40,000 of rehabilitation per unit. Rehab began in September and is anticipated to conclude in the spring of 2014. Funding for this project came from Federal Tax Credits, State Housing Infrastructure Bond proceeds, Tax Exempt Bonds, Minnesota Housing deferred funding, and Greater Minnesota Housing Fund deferred funding.
For this project, MWF Properties served as development consultant for RS Apartments, Limited Partnership providing site acquisition, financial, construction management, and tenant relocation services.
For leasing information
please contact The Square on 31st at 507-288-9205.