Alatus, LLC

Organization Info

Impacts/Projects/Collaborators

Beam Assessment

Organization Information

Organization: Alatus, LLC

Sector: Commerce

Organization Mission: Alatus is the ancient Greek word for “to take flight”, or “to look beyond”. We do both, delivering projects and performance that are consistently above and beyond the expected, while continuously searching the horizon for new opportunities. Founded in 2005, Alatus LLC is a Minneapolis based real estate developer with expertise in urban and suburban residential multi-family development, commercial development, parking and property management, and single family home development. Established by Bob Lux, an award winning real estate developer, Alatus focuses its efforts on real estate development and re-development projects in the Minneapolis-St. Paul metro area. Our leaders have combined their passion for real estate, commercial development, and investment to build a truly dynamic organization that excels in a variety of endeavors. Alatus is comprised of a highly skilled team with decades of expertise in development, construction, finance, and marketing. Each of our divisions possesses its own unique talents and strengths. Each, too, share a commitment to the values that make Alatus much greater than the sum of our parts.

Website

Related News and Status

Status Reports / News

Related PlanScape Status on: Housing

Key reports on: Alatus, LLC

October 16, 2024: 2024 Destination Medical Center Reports

Proceedings

September 2024 DMCC Board Meeting with 2025 Workplan Breakout

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

September 30, 2024: West Transit Village

September 2024 DMCC Board Update

September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo

September 30, 2024: Economic Vibrancy & Growth Management

City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.

August 16, 2024: Tax Breaks to Landlords

PB reporting: A local program providing tax breaks to landlords in exchange for maintaining lower rents is being tweaked to encourage future development of affordable housing.

August 07, 2024: Age-Friendly Olmsted County (AFOC) Plan

August 2024 Report : Age-Friendly Olmsted County (AFOC) activities implementing the Age

Friendly Olmsted County 2022-2025 Action Plan since our annual report in February 2024.

August 05, 2024: Second Half 2024 Targeted Business Enterprise Utilization Plan Reports

3Q2024: July 2024 Admin Message and Reports

July 17, 2024: Bryk Apartments Rental Eligibility Amendment

July 17, 2024 City of Rochester: Adopting a Resolution authorizing an amendment to the Development Assistance Agreement and the Declaration of Restrictive Covenants to revise the affordability covenants related to the 80% Units.

March and May 2023 reports to DMCC including video, documents and presentations.

July 17, 2024: City Housing Support

Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.

July 01, 2024: First Half 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024: June 2024; May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report

1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report

Special callouts: Women in Construction; City of Rochester Equity in Development

June 15, 2024: Homes for our Neighbors Community Gathering

Calling for Community Support at Community Meeting: The most recent Olmsted County Maxfield Study found that from 2020-2030, housing demand required 18,000 new housing units. 71% would need to be general-occupancy and 29% age-restricted senior housing.

June 09, 2024: ISAIAH Rochester Agenda

Focus Area: Housing; Our Next Generation; Healthcare; Community-Building; Climate

Activities: Rochester Faith in MN & ISAIAH Calendar and Strategic Missions

Reference: CMRC June 24, 2024 Meeting Presentation Video

May 21, 2024: M.O.V.E: A Collaboration of SHIP, Joint Study, One Olmsted

Mobilizing Olmsted Voices for Equity (M.O.V.E.) community council application

M.O.V.E. Promotional Flyer and Application to join M.O.V.E.

5/10/2024 Conversation Olmsted County Rep and CMRC Rep.: Regarding Olmsted County Community Council's DEI initiative called Mobilizing Olmsted Voices for Equity (M.O.V.E)

Rochester Area Foundation Support Message