Tag: Discovery Square

Momentum and Discovery Square Groundbreaking Highlighted at DMCC Board Meeting

Press Releases

FOR IMMEDIATE RELEASE – Rochester, Minn. (Nov. 2, 2017) – The Destination Medical Center Corporation (DMCC) Board of Directors today recognized significant progress toward several private developments, public infrastructure, business development, and planning goals of the Destination Medical Center initiative.

A significant highlight shared with the Board focused on job growth. More than 3,300 jobs were added since 2014 and construction activity at the four DMC-funded projects will result in more than 1,000 combined construction jobs.

The Board specifically acknowledged today’s groundbreaking by Mortenson on their Phase 1 building at Discovery Square.

“Discovery Square will be the place where Minnesota’s next generation of medical start-ups will want to be. It will create new opportunity for jobs, innovation, and economic growth and represents a major step toward fulfilling our mission of building America’s City for Health,” said Lt. Governor Tina Smith, chair of the DMCC Board of Directors. “I thank Mortenson, Mayo Clinic and the Rochester community for their work on the Discovery Square project. This is great news for Rochester and our state.”

Share in the excitement of Discovery Square

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As part of the groundbreaking ceremony for a new, innovative life-science building in Discovery Square, Destination Medical Center (DMC) is hosting the Discovery Square Community Celebration and Innovation Showcase Thursday, November 2, 2017, from 11:00 a.m. – 1:00 p.m.

This event will be held in the Discovery Square sub-district, on 5th Street SW between 1st and 2nd Avenues SW (just west of Pasquale’s restaurant).  It will bring together art, science, and community to celebrate the progress that’s already taken place in Discovery Square, and look forward to its promising future.  It’s also an opportunity to meet the innovators and entrepreneurs that are already creating great innovations in Rochester.

Showcase your idea at the Investors & Innovators Forum

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Got an idea you’d like to share?

The DMC Discovery Square Investors & Innovators Forum is the perfect venue for start-ups, spin-offs, and experienced entrepreneurs to pitch their pioneering ideas, technologies, or solutions.

Now in its second year, Destination Medical Center (DMC) will bring together investors and innovators from around the state to foster conversation, encourage collaboration, and grow partnerships in hopes of advancing healthcare at the 2017 Investors & Innovators Event on Tuesday, October 10.

The Discovery Square Investors & Innovators Forum will run from 1:30 – 4:30 p.m. in the Riverview Suites at the Mayo Civic Center in downtown Rochester.

DMCC board applauds progress in DMC sub-districts

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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.

Financial update

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.

Press Release: Progress and excitement build around Discovery Square as DMCC board supports Mortenson’s $35 million project in Rochester

Press Releases

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.”

Event: Learn more about Discovery Square: Phase One

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You are invited to attend the Discovery Square: Phase One Community Open House and Project Presentation on Tuesday, July 18.

Jeremy Jacobs, Development Executive with Mortenson, says the open house will be the first opportunity for the developers and designers to engage the community about the work being accomplished for Phase 1 of Discovery Square.

“We recognize that what we are building will be part of the fabric of the community and the DMC District for decades to come,” Jacobs says. “We will share information about the philosophy, design, and what we hope to achieve, then gather feedback from attendees.”

Jacobs says the event will also present an opportunity to introduce the project team. “We want to let people get to know those of us working diligently behind-the-scenes on this project that will affect the entire community.”

Tuesday, July 18 | 5:00-8:00 p.m.

Bleu Duck Kitchen, 14 4th Street SW, Rochester

Presentation: 5:30 p.m. | Light appetizers and non-alcoholic refreshments: 7:00 p.m.

DMC Storyteller Video Series: “In the Middle of Innovation” with Heidi Nelson, M.D.

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Transformation occurs when people step away from old ways of thinking and take new, more effective approaches to growing and enhancing the places they live.

DMC has collected a handful of stories about individuals who are transforming Rochester in the new “DMC Rochester, MN Storyteller Videos.” These snapshots of forward-thinking people and approaches showcase the opportunities that exist in Rochester as DMC sets in motion a new future for America’s City for Health.

In the Middle of Innovation

Rochester is leading the world in life-changing discoveries.

Discovery Square is a first-of-its-kind urban research campus, fostering innovation in the life science industry. It serves as a groundbreaking, mixed-use neighborhood for entrepreneurs, researchers, startups, and established businesses.

BIO 2017: Raising awareness of DMC and Discovery Square in San Diego and beyond

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There are few better places to connect with the top people in biotechnology than at BIO 2017.

The BIO International Convention (BIO) drew more than 16,000 of the biotech industry’s brightest from a wide spectrum of life science and application areas – including drug discovery, biomanufacturing, genomics, biofuels, nanotechnology, and cell therapy – for a week of intensive networking to discover new opportunities and identify promising partnerships.

Discovery Square: Science on Display

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The DMC vision is progressing as each of the sub-district’s distinctive personalities is beginning to evolve. Heart of the City, for example, serves as the place where health care intersects with hospitality and retail, the Downtown Waterfront looks to transform the perception of Rochester from a medical campus into a vibrant destination, and St. Marys Place becomes a monumental gateway at one of the primary entry points into Rochester.

Rendering Credit: Mortenson

Lately, though, it’s Discovery Square that’s making the news.

Developer and investor interest in Rochester grows

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First Avenue Flats Ribbon-Cutting

From groundbreakings to grand openings, Rochester is flourishing as developers and investors from around the world take notice of the opportunity that exists in America’s City for Health.

In the last two weeks alone, First Avenue Flats opened to 75% occupancy; the first building in Discovery Square was introduced; public funding raising efforts have begun for the Ronald McDonald House expansion; and the Mayo Civic Center celebrated its grand opening. Diverse construction projects like these offer the infrastructure needed to support Rochester’s projected growth.