Over $10 Million Deal – Mayo Clinic Buys Rochester’s Days Inn Lot
It was just over two years ago the Downtown Rochester Days Inn was demolished (see story here), a relief to some, angering others. Two years later, real-estate records show Mayo Clinic now owns the property (the corner across from Victoria's and the Eisenberg/Methodist Mayo building).
The sale was finalized December 29, 2020 for $10,000,000 + something extra. That extra is something interesting. Part of the deal was that the former owners agreed to make an over $3.5 Million charitable donation to Mayo.
The proposal called for a 17-story mixed-use development, including a hotel, apartments, retail space and several hundred parking spaces in the DMC Heart of the City sub-district. Read More: Developer Withdraws Days Inn Project in Downtown Rochester
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Just reading the name Mayo Clinic may make your fingers tingle or your bumps goose...here's why those things happen.