Rochester City Council approves next phase of design for Discovery Walk in downtown Rochester

The Rochester City Council has approved plans to move forward with design development, engineering work and construction bidding for Destination Medical Center’s (DMC) Discovery Walk, a five-block linear parkway along 2nd Avenue SW in downtown Rochester that will serve pedestrians as well as vehicle access.  The design process is led by Coen+Partners.

Destination Medical Center Corporation approves $250,000 for pandemic response and economic recovery efforts in Rochester

Moves forward with transportation planning

The Destination Medical Center Corporation (DMCC) Board of Directors at its May 28, 2020 meeting approved $250,000 in financial resources in response to the COVID-19 pandemic to support businesses reopening and recovery and new innovations that will enhance and grow Rochester’s economy and help small businesses. DMC will prioritize immediate investments that could be in support of long-term public infrastructure in the Destination Medical Center (DMC) district.

Destination Medical Center and City of Rochester provide $100,000 in grant funding for Rochester small businesses

Small Business phrases

Destination Medical Center (DMC) and the City of Rochester announced a new grant program to assist Rochester small businesses impacted by the COVID-19 pandemic. The Keep It Local, COVID-19 Innovators Grant Program will reward businesses who are exemplifying innovation and collaboration by working together in response to the challenges posed by COVID-19. The city is offering $50,000 in grant funds with DMC contributing $50,000 to businesses located in the DMC District.

Destination Medical Center Corporation Announces Plan to Support Community through COVID-19 Pandemic and Releases 2019 Private Investment Figures

Construction work at Hilton Hotel in Rochester, Minnesota.

(Rochester, MINN) March 26, 2020 – The Destination Medical Center Corporation (DMCC) today announced that it will reassess its workplan this year with a special focus to help support the community and regional economy through the COVID-19 crisis. In addition, the DMCC released the 2019 private investment figures for the Destination Medical Center (DMC) district which totaled $272 million, DMC’s highest single year of investment.

DMCC Board Doubles Down on Discovery Square in Rochester, Minnesota

Approves Next Phase of Life Science and Technology Campus

The Destination Medical Center Corporation (DMCC) Board today approved $7.3 million in public infrastructure funding for Mortenson Development Inc’s construction of Discovery Square Two in the DMC Discovery Square subdistrict.

The $45 million project will be a five-story,124,000 square foot, LEED-certified medical office and lab building with outdoor space, connectivity to One Discovery Square, tenant and public programming and potential 5G connectivity. The building will support approximately 500 long-term jobs while its construction will create approximately 800 short-term jobs.

Mayo Clinic, Boston Scientific Launch Effort to Accelerate New Medical Technology in DMC’s Discovery Square

 Mayo Clinic and Boston Scientific Corp. have launched a new venture to accelerate the development of medical technology and new minimally invasive treatments for many health conditions that impede quality and longevity of life.

The accelerator, known as Motion Medical, will have its research facilities in One Discovery Square, the bioscience center in the Discovery Square research district. Both parties have committed millions of dollars over three years to develop and bring new solutions to the market to address unmet medical needs. 

“Mayo Clinic is committed to accelerating the pace of discoveries to bring new technologies and treatments to patients faster,” said Gianrico Farrugia, M.D., president and CEO of Mayo Clinic. “This collaboration and others like it will continue to strengthen Rochester and Minnesota as a biomedical innovation and economic powerhouse.”

This venture is another step forward in the collaboration between Mayo Clinic and Boston Scientific Corp., combining Mayo Clinic’s world-class clinical experience and patient care with Boston Scientific’s extraordinary engineering, innovation and business expertise.

“This collaboration between Mayo Clinic and Boston Scientific builds on our experience working together to support the shared goal of advancing patient-centered innovation,” says Mike Mahoney, chairman and CEO, Boston Scientific. “This approach combines the unique strengths of our two organizations, and we look forward to working together to solve complex health care challenges.”

The accelerator, spreading over 1,800 square feet, will be a key tenant in One Discovery Square, developed by Mortenson. The building anchors the 16-block Discovery Square research district for the $5.6 billion Destination Medical Center (DMC) economic development initiative in Rochester, MN. The accelerator is expected to open in the fall.

“Mayo Clinic and Boston Scientific’s new accelerator collaboration is another powerful example of DMC’s vision for Discovery Square being realized as an economic engine and a catalyst to attract new talent and innovative companies to Rochester, Minnesota,” said Lisa Clarke, executive director, DMC Economic Development Agency.

Mayo Clinic and Boston Scientific Corp. have collaborated for nearly a decade to develop new devices and technologies in areas such as interventional cardiology, neuromodulation and urology. Together the companies have filed eight patent applications and collaborated on two first-in-human clinical trials.

 

Destination Medical Center Corporation Board Applauds DMC Development and Approves New Phase of Heart of the City Public Design

(Rochester, MN) May 23, 2019 – The Destination Medical Center Corporation (DMCC) Board has approved design for DMC’s Heart of the City and public realm development, which includes the east side of Peace Plaza, First Avenue and adjacent alleys in downtown Rochester.

The Heart of the City design addresses seven key goals, including: safety, accessibility and universal design, public space, flexibility, sustainability, art integration and infrastructure.

The DMCC Board also authorized development of construction documents, with the expectation of construction commencing in the spring of 2020.

DMC and the City of Rochester have contracted with Minneapolis-based Coen + Partners for the design work which will help catalyze private investment and development in the DMC district.

“This critical work in Heart of the City and Rochester’s downtown core is setting a new standard for public space design and engagement,” said Lisa Clarke, Executive Director, DMC Economic Development Agency. “Residents, visitors and patients will experience a welcoming, safe, accessible and much greener Peace Plaza and surrounding area.”

Heart of the City is just one of many milestones in the DMC district. There are 10 project openings expected by years-end and more projects in the pipeline for 2020.  These milestones were applauded by the DMCC Board.

The DMCC Board also acknowledged the collaboration among the DMC EDA, Olmsted County, City of Rochester and the Rochester Area Foundation for their work in addressing affordable and workforce housing in Rochester.  

“We really want to be a partner and look at affordable housing as a continuum.  It takes a village to build a village,” said R.T. Rybak, DMCC Board Chair.

There will be continued discussion on affordable housing at the September 26 DMCC Board meeting.

Private Investment Doubled in the DMC District in Rochester, Minnesota Exceeding a Quarter Billion Dollars in 2018

(Rochester, MINN) March 21, 2019 – The Destination Medical Center Corporation (DMCC) today announced that private investment in the Destination Medical Center (DMC) district totaled $262 million in 2018, a 100 percent increase over 2017.


The 2018 private investment will release approximately
$13.5 million in state public infrastructure funding. Since 2013, DMC has generated more than $690 million in private investment for development in Rochester.


“This is good news and is demonstrating that the DMC model is working,” said DMCC Board Chair R.T. Rybak. “Investors and developers are supporting the DMC vision.  Their investments in Minnesota’s largest economic development initiative will benefit the entire state.”


“The downtown we envisioned just a few short years ago is becoming a reality,” said Lisa Clarke, DMC Economic Development Agency executive director. “The infusion of capital that is transforming
Rochester is creating new living and hospitality choices as well as opportunities for startup businesses.”


Private investment in 2018 exceeded all previous DMC single-year investment totals.  Among the highlights were:

  • Mayo Clinic investments totaling $126.5 million, the largest single-year total and a year-over-year increase of $40.5 million (+47 percent)
  • Non-Mayo private investments of $135.4 million, the largest single-year total and a year-over-year increase of $90.4 million (+201%)
  • Private investment in 2018 qualified DMC for $13.5 million in 2019 state aid

To release state funding over the span of the initiative, DMCC must present the Minnesota Department of Employment and Economic Development (DEED) with an annual accounting of qualified private investments in the DMC district. DEED is then responsible for certifying the investments and qualifying DMC to receive state funding for public infrastructure projects.

Nine project grand openings are scheduled in the DMC district in 2019.