Rochester Officials Finally Hear From Bloom International
Rochester, MN (KROC-AM News) - Just days after members of the Rochester City Council indicated they were no longer interested in working with the firm, the city has received a communication from Bloom International Realty.
The firm, based in the United Arab Emirates, indicated it still wishes to move forward with a revised development plan for city-owned land along the Zumbro River in downtown Rochester but did not provide a timeline for when the city could expect any future correspondence. The communication also stated Bloom recognizes it cannot stand in the way of the site being offered to other developers.
Until the final week of last year, Bloom was expected to begin construction this year on an over $200-million project that included senior housing, condos, a hotel, along with retail and commercial space. That fell apart when the company informed the city it wanted to revise the plan and terminated a purchase agreement for the property.
City Administrator Steve Rymer says his staff plans to bring forward a proposed approach for the next steps in reevaluating the future development options for the riverfront location during the next month.