November 19^th event will recognize a decade of downtown housing investment with Destination Medical Center (“DMC”) and culminate in Citywalk’s ceremonial groundbreaking

Oak Brook, Ill. – Inland National Development Company, LLC (“INDC”), a member company of The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest vertically integrated commercial real estate investment, finance, development and operating groups with $16 billion in assets under management, and co-developer Reuter Walton Development, LLC (“RWD”) together with DMC will celebrate the ceremonial groundbreaking of Citywalk Apartments, a 342-unit multifamily development in downtown Rochester, Minnesota, on Thursday, November 19th. The groundbreaking is an integral part of a week-long community event hosted by Destination Medical Center (“DMC”) recognizing a decade of downtown housing investment. Located directly across from Mayo Clinic’s downtown campus, Citywalk is expected to be completed in 2028.

“Citywalk reflects what is possible when strong partners share a common vision for a community,” said Anthony Casaccio, CEO and president of INDC. “Working alongside Nick Walton and the Reuter Walton team has made this project stronger at every step. Together, we are bringing new housing to Rochester as the community grows alongside Mayo Clinic, and we look forward to celebrating this milestone with the Rochester community.”

Citywalk will be located at 201 6th Avenue SW, directly across from Mayo Clinic’s downtown campus and along 2nd Street SW, Rochester’s primary east-west corridor connecting Mayo Clinic’s downtown and Saint Marys’ campuses. The development will offer studio, one, two and three-bedroom residences, including 90 short-term, fully furnished units.

Planned amenities include more than 250 climate-controlled underground parking spaces, a rooftop sky terrace, pool and year-round sauna, fitness center, coworking space, golf simulator and game lounge. The location will provide convenient access to Mayo Clinic, downtown destinations, Rochester’s pedestrian subway and skyway system, and the future Link Bus Rapid Transit system.

INDC and RWD are co-developing Citywalk, combining INDC’s national multifamily development experience with RWD’s Minnesota roots and ground-up development expertise.

"With apartments and short term stay units, this project will support employees working at Mayo, many patients they help, and the family members that come to Rochester to support them," said Nick Walton, CEO and president of RWD.”

RWD has developed 50 ground-up projects totaling more than 5 million square feet and 5,500 units across the multifamily, student housing, hospitality and commercial sectors. These projects represent more than $2 billion in value.

INDC’s officers and leadership team have, for themselves and others, acquired, developed or redeveloped approximately 10,900 acres of land and 4 million square feet of multifamily, hospitality, healthcare, retail, mixed-use and industrial properties. These projects include more than 7,000 apartment and condominium units and more than 6,000 residential lots.

The ceremonial groundbreaking will take place during Building Rochester: Celebrating Downtown Housing and Citywalk Groundbreaking, hosted by DMC as part of DMC Exchange, November 16–20. The November 19^th program will recognize a decade of downtown housing investment, include a conversation with Citywalk’s development partners and conclude with the groundbreaking at the project site.

Event Details

Building Rochester: Celebrating Downtown Housing and Citywalk Groundbreaking
Thursday, November 19, 2026
1:30 to 3:30 p.m., with comments beginning at 2 p.m.
Southwest corner of 2nd Street SW and 6th Avenue SW
Rochester, Minnesota

Media are invited to attend. Interview and photo opportunities will be available with project partners and community leaders. Registration is not required but is encouraged. For additional event and registration information, visit the DMC Exchange webpage.

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About Inland National Development Company, LLC
Inland National Development Company, LLC (INDC) is a developer of residential, multifamily, hospitality, retail and senior housing properties. INDC is part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest vertically integrated commercial real estate investment, finance, and operating groups. For more information, visit www.inlandgroup.com/indc.