A proposed South Broadway retail development could dramatically reshape Rochester’s physical landscape as well its retail one.
Twin Cities-based Ryan Cos. has been working on purchasing the former Golden Hill School on the corner of South Broadway and Third Avenue Southeast since 2015. Now the $1.7 million deal is expected to close on April 28.
Mid-America Real Estate, working with Ryan Cos., is now marketing the area online with a brochure that shows a significant transformation of the area.
A small hill that separates the former school from Walmart to the south is slated to be removed along with the Golden Hill building to create a new commercial area. Mid-America’s materials estimate that the proposed project will be completed by fall of this year.
It maps out the 8.8 acre site running along the angled Third Avenue and extending just a few feet away from the northwest corner of the nearby Walmart store. A recently installed traffic light will feed cars from Broadway to the new Ryan/Mid-America development.
The plan calls for four commercial buildings, housing 54,500 square feet of space, to be constructed next to each other. Two of the stores are listed as having national retail tenants, Marshalls…