Tag: Discovery Square

Press Release: First Building Announced in Discovery Square

Press Releases
ROCHESTER, Minn. (Apr. 27, 2017) – Representatives from Mortenson announced today to members of the Destination Medical Center Corporation (DMCC) Board of Directors the specific location where construction will take place on its hallmark Discovery Square project.The planned 60,000+ square foot, state-of-the-art research and development complex, currently being designed by RSP Architects and HOK, will be built at the corner of 4th Street SW and 2nd Avenue SW, according to Mortenson representative Jeremy Jacobs.

An integral part of the DMC vision, the 16-block sub-district in downtown Rochester known as Discovery Square will become one of the leading life science research campuses in the United States. The densely organized, mixed-use neighborhood will consist of life science businesses, new start-ups, and residential options anchored by a signature space.

Discovery Square will be a bridge to the mission of Mayo Clinic, serving as an extension of the Mayo Clinic’s team-based model of care and providing a new address for the future of life science, research, education, technology, and innovation. Over the next 20 years, Discovery Square is expected to expand Mayo’s research and product development space by more than two million square feet.

In 2016, Mayo Clinic selected Mortenson Company as its development partner for the first phase of its Discovery Square initiative. In January, Mortenson selected RSP Architects and HOK to design the facility. Mortenson expects to begin construction later this year and complete the project by 2019.

“The DMC vision for Discovery Square is coming to life,” said Lisa Clarke, executive director of the Destination Medical Center. “The vibrant life sciences hub will bring forward-thinking business professionals, students, educators, and innovators from around the world together in Rochester to accelerate research, improve delivery, and advance patient care.”

The next scheduled meeting of the DMCC Board of Directors will take place on July 27, 2017.

###

 

Ramping up Rochester’s innovation capacity

General

A diverse business landscape is critical to Rochester becoming a true Destination Medical Center. It will take more than excellence in patient care for the DMC vision to succeed. Susan Windham-Bannister knows this well.

Windham-Bannister is a life sciences industry expert and president and CEO of Biomedical Growth Strategies. She has spent years working in areas like New York, Boston, and Maryland to help communities create environments that are enticing to startups and established businesses alike.

Windham-Bannister joined more than 35 stakeholders from across the state to share her experiences and provide insight on how our own community should go about setting priorities to ensure DMC’s success.

Growth and change: Rochester is transforming

General

It’s been described as a bridge to the mission of Mayo Clinic, a hub for biomedicine, research, and technology innovation, and a new “address” for the future of life science.

No matter how you slice it, DMC’s Discovery Square sub-district will be a cornerstone of Rochester’s efforts to become America’s City for Health. A recent story by National Public Radio’s Marketplace showcases the transformation that is taking place in Rochester.

Press Release: DMCC board approves $38M residential and retail project

Press Releases

Board also reviews Mortenson roadmap for Discovery Square Project

ROCHESTER, Minn. (Feb. 8, 2017) – Highlighting the growing momentum of the Destination Medical Center initiative, the DMCC Board of Directors today approved a $38 million mixed-used development project. The development would bring 156 market-rate apartments, retail shopping, public parking and pedestrian access to downtown Rochester. 

“The Destination Medical Center and Rochester continue to attract private investment and innovation, as our actions at this Board meeting demonstrate,” said Lt. Gov. Tina Smith, chair of the DMCC Board. “The momentum with Discovery Square, which will be a nation-leading center for life science innovation, is especially encouraging.  We need to keep this momentum going and continue working with Rochester, Mayo Clinic, and the private sector to expand jobs and opportunity in America’s City for Health, and all of Minnesota.”

Life science expert coming to Mayo Clinic Accelerator

General

With the Mortenson project slated to break ground in the fall of 2017, there is a lot of exciting activity on the horizon for Discovery Square.

This DMC sub-district will be a highly-connected, urban life science hub where people will have the opportunity to work together closely to share and discuss ideas, build and test new products, and bring companies to scale with access to Mayo Clinic and other strategic stakeholders.

Susan Windham-Bannister

Susan Windham-Bannister is a life science industry expert and serves as president and CEO of Biomedical Growth Strategies, where she advises industry, academia, and life science clusters.

This Wednesday, Susan will join the startup community in Rochester to share her experiences from Boston and describe how the state of Massachusetts supported its entrepreneurs as their life science industry grew.

UMR: Educating the next generation of medical professionals

General

“We are preparing students for jobs that don’t yet exist – to solve problems that aren’t yet known – using technologies that have not yet been invented.”

If you’ve heard University of Minnesota Rochester (UMR) Chancellor Stephen Lehmkuhle speak, chances are you’ve heard this statement.

UMR has a big job. They are tasked with educating the next generation of medical professionals and equipping them with the transferable skills they’ll need to succeed in today’s high-tech, high-touch world of health care.

One cup at a time: Local entrepreneurs connect

General

With entrepreneurship brewing in Rochester these days, there is a growing need for more opportunities for these like-minded individuals to connect and network, share successes and struggles, and simply bond. Perhaps over a cup of joe.

1 Million Cups is a national program that incubated out of the Kauffman Foundation where entrepreneurs can come together over coffee to hear pitches from other startups and learn from one another. The free program exists in more than 100 cities nationwide and, today, Rochester became one of those cities.

DMCC Board approves $115M mixed-use development for St. Marys Place sub-district

Press Releases

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.

Timeline for physical Discovery Square development taking shape

General

DMC could be taking physical shape in less than a year.

main-logoThe law firm of Larkin Hoffman, which opened an office in Rochester about a year ago, hosts a Real Estate Forum each year. With the DMC initiative touted as the primary development project in the state, the Minneapolis-based group decided to hold this year’s event in Rochester and make DMC the focus of their 2016 real estate discussion.

The Med City Beat: Noseworthy: Mayo Clinic on schedule to meet DMC development targets

General

Mayo Clinic is pleased with the progress it has made thus far under DMC.

In an interview with the trade magazine PRWeek, Mayo CEO John Noseworthy said the Rochester-based nonprofit is “on schedule to meet development targets” for DMC. He referenced the recent selection of M.A. Mortenson Company to develop the Discovery Square sub-district as a step in the right direction.

“I have no doubt it will be successful,” he said. “The interest in the business community is massive. The public has a right to weigh in and we expect that.”

Continue reading original article >