ROCHESTER, Minn. (Dec 29, 2023) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces its first project in the state of Minnesota with the construction of Flats on Felty, a new $57 million market-rate project coming to Rochester.
The 234-unit, three-story community offers residents quick commutes to downtown Rochester and nearby employment hubs, while enjoying the perks of suburban living; amenities such as Eastwood Park, Eastwood Mountain Bike Trailhead, Eastwood Golf Course, and more are all within a short walk, run, or bicycle ride. The community is also a five-minute drive to the downtown Mayo Clinic, which employs over 40,000 people.
Located at 1135 Felty Avenue SE, the community will feature a wide range of on-site amenities including a clubhouse, fitness center, resident lounge, resident kitchen, dog park, bicycle storage rooms, extensive greenspace, and access to trail networks. Additionally, residents will enjoy quick access to public transportation with a bus transit stop located mere steps away which runs directly to downtown Rochester.
“TWG is thrilled to announce our first housing community in the state of Minnesota: Flats on Felty,” said Chase Smith, Vice President of Market Rate Development. “This community represents the best of suburban living through convenient access to surrounding nature parks and trails, while still being close to everything happening in downtown Rochester. We look forward to offering the people of Rochester luxury multifamily housing at Flats on Felty soon.”
Flats on Felty is made possible with the support of Larson Capital Management, Singerman Real Estate, First Financial Bank and Great Southern Bank.
Flats on Felty is set to begin construction in November, and the first units are expected to be completed in the summer of 2025.
To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, and Instagram.
About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction, and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.