Reuter Walton Development, LLC signs $149.5M agreement
City of RochesterCity · Rochester, MN- Disclosed value
- $149,500,000
- From plan
- Document date
- May 19, 2025
- Term
- December 31, 2025 - December 31, 2027
The 30-second brief
EDA anticipates entering into a development agreement with Reuter Walton Development, LLC for the construction of a 13-story, 340-unit luxury apartment development. The total development costs are anticipated to be approximately $149,500,000, with construction expected to commence by December 31, 2025, and be completed by approximately December 31, 2027.
Reuter Walton Development holds this development agreement contract with City of Rochester. Its other public contracts on record include work for SCOTT county COMMUNITY DEVELOPMENT AGENCY and City of Burnsville.
Term as filed: December 31, 2025 - December 31, 2027.
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Contract details
- Contract type
- Development Agreement
- Amount
- $149,500,000
- Document date
- May 19, 2025
- Term
- December 31, 2025 - December 31, 2027
- Agency
- City of Rochester
- Source document
- rochester-economic-development-authority-economic-development-plan_f37.pdf (Plan)
Reuter Walton Development's other public contracts
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Questions about this contract
Who was awarded the development agreement contract by City of Rochester?
Reuter Walton Development was awarded this development agreement contract by City of Rochester, as recorded on May 19, 2025. The contract value is $149,500,000.
How much is the Reuter Walton Development contract with City of Rochester worth?
The Reuter Walton Development contract with City of Rochester is valued at $149,500,000, covering development agreement work.
What type of contract is this?
This is a Development Agreement contract, documented as a plan record.
Where was this contract approved?
This contract appears in rochester-economic-development-authority-economic-development-plan_f37.pdf (Plan), dated May 19, 2025 from City of Rochester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Reuter Walton Development hold?
Reuter Walton Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Rochester currently buying?
Explore City of Rochester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.