The Destination Medical Center Corporation (DMCC) Board of Directors applauded the significant accomplishments in the Destination Medical Center (DMC) district in 2018 at its final board meeting of the year on November 13. These accomplishments include eight approved private projects at various stages of development with several to complete construction and renovations and open in 2019, including the Hilton Hotel, One Discovery Square, Hotel Indigo, and Urban on First.
The DMCC Board reaffirmed its commitment to Heart of the City and support of $1.1 million in renovations to the historic Chateau Theatre, with construction to begin this December. A summer 2019 re-opening of the theatre is projected.
You might have been caught by surprise if you walked by the Peace Plaza on a brisk October evening and saw more than 200 people gathered together sharing a family-style meal outside. But that’s exactly what happened on October 17 during the inaugural Destination Medical Center (DMC) Annual Meeting, where the community came together to celebrate the impact of the first five years of the 20-year DMC initiative.
The historic Chateau Theatre in downtown Rochester may breathe new life – soon. The Destination Medical Center Corporation (DMCC) Board, at its March 22 meeting, authorized up to $1 million in 2018 capital improvement funds to enhance the beloved theatre by providing necessary building repairs, ensuring code compliance, and initiating renovations.
“This solution will allow activation of the Chateau in the short-term, while long-term planning among public and private partners to create a true destination in Heart of the City continues,” says Lisa Clarke, Destination Medical Center (DMC) Economic Development Agency’s Executive Director.
With all the activity taking place in the Destination Medical Center (DMC) District, the recent DMC Corporation Board of Directors meeting agenda was a full one and included updates on DMC’s top development priorities, such as Discovery Square and Heart of the City.
At the end of 2016, private investment in the DMC district surpassed $200 million, the threshold required to trigger the release of State dollars to support Rochester’s infrastructure needs. It was reported at the meeting that the Minnesota Department of Employment and Economic Development (DEED) certified the report and has authorized the release of $2.6 million of the state money for local infrastructure improvements by September.
“This is the reason we’ve been doing this for the past several years,” says DMCC board vice-chair R.T. Rybak. “I encourage the staff to take time to celebrate this achievement.”
Discovery Square Developments
One of six DMC sub-districts, Discovery Square will be a live-work environment organized around attracting and retaining the best and brightest to our community. While there is progress taking place in all of six sub-districts, Discovery Square is a board-identified priority for DMC, as are Heart of the City and transportation.
ROCHESTER, Minn. (July 27, 2017) – The Destination Medical Center Corporation (DMCC) Board of Directors voted to approve the $35 million Mortenson project in the Discovery Square sub-district under the DMC Development Plan. The building is one in a series of DMC projects in the sub-district. The project will receive $4.9 million in DMC tax-increment financing.
“Today we take an important step forward with Discovery Square, a place where Minnesota’s next successful medical technology start-ups will be launched. This project will help diversify Rochester’s economy, create great jobs, and ensure Rochester remains America’s City for Health,” said Lt. Gov. Tina Smith, Chair of the DMC Board of Directors. “I thank Mortenson, Mayo Clinic, and the Rochester community for their work on this Discovery Square project. We have taken another important economic development step for the Destination Medical Center, Rochester, and Minnesota.”
The Discover Report was the result of 17 days of interviews, surveys, and pop-ups conducted by the Heart of the City public space design team and the culmination of their first phase of design work. During this process, the design team met with hundreds of people – visitors, patients, and community members alike – recognizing that they must understand the community well because “solutions for Heart of the City need to be authentic to Rochester.”
The Alatus Development project will add over 347 residential units, restaurant, commercial, and retail space. Project highlights growing momentum of Destination Medical Center initiative, with over $200 million in development since 2013.
ROCHESTER, Minn. (Dec. 15, 2016) – The Destination Medical Center Corporation (DMCC) Board of Directors today approved the $115 million Alatus LLC 2nd Street Development Project for the DMC St. Marys Place sub-district subject to a final review of the project’s financing. The 13-story mixed-use development is expected to include over 347 residential units, 13,500 square feet of ground floor retail space, and 7,500 square feet of second-floor office and retail space.
A $21.3 million plan to expand the Chateau Theatre is headed to the Rochester City Council later this month for approval.
Called Option E, the plan by Miller Dunwiddie Architecture calls for expanding the theater east into the alley and excavating below the existing footprint of the building to add a lower level. Denita Lemmon, a Miller Dunwiddie associate principal, presented the proposed plan to the Chateau Theatre Re-use Task Force on Tuesday.
The alley expansion, Lemmon said, is to enlarge the theater’s lobby space. The entrance and lobby would be on the south side of the building, facing the Peace Plaza, with theater seats facing a stage on the north end of the theater.