Skye View Developments – Skye View Rentals

Project Type: Multifamily
Name of Developer: Bush Companies
Developer Point of Contact Name: Kenneth Bush
Point of Contact Email: bushcompanies@gmail.com
Contact Phone: 507-272-1056
Project Address: Hwy 42, Rochester MN, 55964
Number of Units: 43
Building Type: Apartment Building
Owner Type: Rental

Brief Description: This is a workforce housing development that is looking for an equity partner, investor or partner developer to join me in my mission to bring affordable housing while growing our workforce in SEMN. 

Skye View has been awarded the largest MHFA deferred loan “grant” in 2022 (official) in partnership with the City of Plainview, Minnesota and will be the first multifamily project built in this community in years. Maxfield Research did a housing study in 2015 and again in 2021, the research study found that more housing is needed and since this is the gateway to Minnesota’s Largest employer Mayo Clinic the community is poised for economic growth well into the future. 

We are utilizing union trades professionals and the Minnesota Minority Trades Council to recruit apprentices for workforce development to assist the general contractor in its Vets, Women, DBE and prevailing wage goals while providing the most experienced contractors, architects, and engineers to complete this project. 

This project was designed to fit the aesthetics of the community, located on a golf course and in a small town near the Mississippi River and a 15 min drive to the Mayo Clinic in Rochester. 

We have received letters of recommendation and references from local business leaders, PADCO, PEM School District and Mayo Clinic’s Destination Medical Center “DMC the Rochester based – largest state-wide economic development initiative. 

Approvals:
Special District – Planning & City Council
Zoning
Design A/E 

Grant Awarded: $1.3 million MHFA
MnDOT: $900,000
Tax Abatement $1.6 million 

Total Development Cost: $10,000,000