Thursday, September 19, 2019, 5:30 – 8:00 PM
202 4th Street SW, Rochester, MN 55902
5:30 – 6:30 PM
Registration and Reception
6:30 – 8:00 PM
Dinner and Program (Outdoor Event)
$40 per person
Advanced ticket purchase required
Featuring remarks by:
DMCC Board Chair R.T. Rybak
DMC EDA Board Chair Jeff Bolton
DMC EDA Executive Director Lisa Clarke
Discovery Walk Interactive Experience and One Discovery Square Community Celebration 4:00 – 6:00 p.m. Celebratory Kickoff & Community Photo at 4:15 pm Free to attend and open to everyone.
Experience science on display with participating One Discovery Square tenants, food, drink, art, games, and live music outside.
PLUS, self-guided tours inside One Discovery Square.
Follow the One Discovery Square Community Celebration Facebook Page for more information.
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.
As growth and development continue throughout the Rochester area, local leaders are making housing affordability a top priority for 2018.
A new collaborative community initiative was announced on Thursday, December 21, 2017 at a press conference at the Rochester Area Foundation (RAF) where more than 40 community leaders and residents came together to learn more about this important effort.
The Coalition for Rochester Area Housing will bring together public and private sector organizations to acquire, invest, manage, and distribute funds and resources to create and preserve affordable and workforce-priced housing. The group will be led by the Rochester Area Foundation and supported by founding partners from the City of Rochester, Olmsted County, and Mayo Clinic. The group will rely on the community to bring forward ideas and proposals and will leverage local expertise to identify and address gaps in today’s housing market and use resources efficiently.
ROCHESTER, Minn. (March 23, 2017) – The Destination Medical Center Corporation (DMCC) Executive Committee announced today that the DMC economic development initiative exceeded the $200 million private development investment threshold –needed to trigger the release of state DMC dollars to be used for public infrastructure improvements – by $97.7 million, totaling $297.7 million in private investment.
“Reaching this important milestone reaffirms that we are on the right track, and Rochester is already experiencing growth and new opportunities,” said Lt. Gov. Tina Smith, DMCC Board Chair. “With the $200 million threshold met, I look forward to working with the State of Minnesota, Rochester community and Mayo Clinic to invest in transportation, world-class amenities, and other public infrastructure that supports opportunity for everyone.”
The DMC Corporation (DMCC) Executive Committee announced today that the private investment threshold of $200M needed for DMC to receive state dollars for public infrastructure improvements has been met. In fact, private investments in the DMC District from July 2013 through the end of 2016 totaled nearly $298M, exceeding the $200M requirement by nearly $100M.
“Reaching this important milestone reaffirms that we are on the right track, and Rochester is already experiencing growth and new opportunities,” says Lt. Gov. Tina Smith, DMCC Board Chair, who submitted the 2016 private investment draft report to the Minnesota Department of Employment and Economic Development (DEED) on behalf of the DMCC Board.
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.
The DMC vision moved another step closer to becoming a reality today when Mayo Clinic announced today that it will collaborate with M.A. Mortenson, a Minneapolis-based real estate development and construction firm, on the DMC sub-district Discovery Square.
Over the next 20 years, Mayo Clinic will add 2 million square feet of space in Discovery Square for research, education, and product development.
“With [Mortenson’s] experience, they will be a fantastic partner with Mayo to spearhead the development of the six-block Discovery Square, the bioscience research, education and medical innovation campus that is the core of the DMC,” says Lt. Governor Tina Smith, DMC Corporation Board Chair. “Discovery Square, which will include Mayo and other private businesses, is a key milestone for DMC.”
Discovery Square and updates on the Destination Medical Center design guidelines were among the highlights in this week’s Destination Medical Center Corporation board meeting.
Earlier this month, Mayo Clinic and DMC made a major announcement about the next steps for Discovery Square, an urban research center where doctors, researchers, and scientists can work together on advancements in medical research, technology, and patient care.
“Mayo Clinic’s investment in Discovery Square is an exciting step for the city of Rochester. Discovery Square will propel the development of innovative ideas, products, and businesses in southeast Minnesota,” said Lt. Governor Tina Smith, DMC Corporation Board Chair.
The first building will break ground in 2017, and Mayo Clinic is currently searching for a real estate development firm to take on the project.