50th NW And Valleyhigh Dr Rochester, MN 55901

Prairie Ridge is an 80-acre master development featuring a mix of housing units, including single-family homes, townhomes, and apartments, totaling approximately 1,000 units. Located at 50th Avenue NW and Valleyhigh Dr in Rochester, MN, this property is zoned R-3 and has an approved Environmental Assessment Worksheet (EAW). Approved concept plans include 4-story multifamily buildings and build-to-rent townhomes, with the flexibility to adjust to a developer's choice of product, totaling over 900 units throughout the Prairie Ridge Development. Initial mass grading is scheduled to commence in Fall 2024, with a for-sale project breaking ground on vertical construction in early Summer 2025. The site is located along Valleyhigh Drive NW at 50th Avenue, between W Circle Drive and the new 60th Avenue. The property is directly adjacent to amenities and transportation. The location is near the W Circle Drive commercial corridor and minutes from the Mayo Clinic. Key area retailers and employers include Costco, Mayo Clinic, Hyvee, Cub Foods, Starbucks, McDonalds, Five West, Tap House, IBM, Western Digital, and multiple banks, daycares, service, and convenience retailers. Rochester is anchored by the Mayo Clinic, which employs over 42,000 at the Rochester Campus and brings in over 1 million visitors annually. Mayo Clinic has commenced construction on a $5 Billion expansion to its Rochester campus.