Citywalk Apartments—a 342‑unit development across from Mayo Clinic—marks one of Rochester’s most ambitious multifamily projects to date. Inland National Development Co. LLC and Reuter Walton Development LLC expect to break ground this month, with completion slated for 2028.
The 13‑story project is designed to include traditional apartments with 90 fully furnished short‑term units tailored to the city’s growing healthcare and business workforce. Amenities will include a rooftop sky terrace, pool, fitness center, coworking space, golf simulator, game lounge and more than 250 climate‑controlled underground parking stalls equipped with EV chargers.
Citywalk arrives amid a broader boom in high‑density development. In April alone, the city approved 233 additional multifamily units across two projects, reinforcing a trend driven by Mayo Clinic’s workforce growth, a sub‑3.5% vacancy rate and strong investor demand for centrally located housing.
By contrast, single‑family construction is expanding more slowly, constrained by land availability, higher development costs, and a market that continues to absorb new detached homes almost as quickly as they’re built.
This imbalance mirrors statewide patterns: Minnesota has seen multifamily permitting rise roughly twice as fast as single‑family over the past several years, with the Twin Cities metro reporting a 52 percent year‑over‑year increase in multifamily permits versus a 3 percent decline in single‑family home permits. One reason for this: First‑time home buyers in Minnesota are 7–9 years older on average today (38 to 40 years old) than a decade ago.
Nationally, the gap is even more pronounced—U.S. multifamily housing starts climbed 17.2 percent year‑over‑year in mid‑2026, while single‑family starts fell 3.2 percent.
(Source here.)
