Tag: One Discovery Square

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

Press Releases

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.

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

Press Releases

 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.

 

The Musicant Group Expands to Rochester

General
Max Musicant, Principal Placemaker & Meghann Southwick, Community Event Manager

The Musicant Group, a design, property management, and event planning firm, has officially expanded into Rochester, Minnesota, the group’s first location outside of the Twin Cities. They will manage and activate One Discovery Square, the recently opened life science center in Destination Medical Center’s Discovery Square, creating events to connect building tenants with the external community.

“We are here to build upon our initial consulting for the building and to foster events, experiences and an environment that builds relationships between Mayo Clinic, the Rochester community, and the broader business and medical worlds,” says Max Musicant, Principal Placemaker at The Musicant Group. “Now is a tremendous time to be in Rochester, with more exciting activity occurring than in any other city in Minnesota.”

In addition to managing One Discovery Square, The Musician Group will curate onsite amenities and building features, create inter-building management systems, and provide events for the building’s tenants, the public, and third parties wishing to rent venue space within the building.

Musicant opened its office in Rochester to develop a presence and begin to build relationships within the community after being hired by One Discovery Square developer, Mortenson. The team recently hired Community Event Manager Meghann Southwick to help expand their local capacity. Southwick has held several event and membership management positions with both the Rochester Downtown Alliance and the Rochester Area Chamber of Commerce.

The Musicant team is beginning to create events specific to One Discovery Square, which includes a mix of both social and professional programming. “People should expect something that’s very community driven and focused on collaboration and sharing of ideas,” notes Southwick. “Relationships are so important to this type of ecosystem.”

“The Musicant Group’s engagement in One Discovery Square further distinguishes this as a one-of-a-kind place in Rochester,” says Chris Schad, DMC Director of Business Development – Discovery Square.

One Discovery Square, located at the intersection of 4th Street SW and 2nd Avenue SW, is now welcoming tenants, with a grand opening community celebration planned for September.

New tenant announced in DMC’s Discovery Square at DMCC board meeting

General
One Discovery Square

The Destination Medical Center Corporation (DMCC) Board of Directors recognized significant progress with several DMC projects at its September 25 meeting. Among them – One Discovery Square – a Mortenson development consisting of 90,000 square feet of lab and office space that will cater to the life science economy.

Mortenson Director of Real Estate Development Jeremy Jacobs updated the Board on progress, and when asked about any new leases, he noted that Epic has signed on as a new tenant, joining previously announced anchor tenants Mayo Clinic and the University of Minnesota Rochester. Additional companies (large and small) will be announced within 60 – 90 days. One Discovery Square is expected to open in April 2019.

New tenant announced in DMC’s Discovery Square during DMCC board meeting

Press Releases

(Rochester, Minnesota) Sept. 25, 2018 – The Destination Medical Center Corporation (DMCC) Board of Directors today recognized significant progress with several DMC projects. Among them – One Discovery Square – a Mortenson development consisting of 90,000 square feet of lab and office space that will cater to the life science economy.

Mortenson Director of Real Estate Development Jeremy Jacobs updated the Board on progress, and when asked about any new leases, he noted that Epic has signed on as a new tenant, joining previously announced anchor tenants Mayo Clinic and the University of Minnesota Rochester. Additional companies (large and small) will be announced within 60 – 90 days.  One Discovery Square is expected to open in April 2019.

Another milestone in DMC’s Discovery Square

General
Last beam being placed at One Discovery Square

Local leaders celebrated another Destination Medical Center (DMC) milestone this week with the topping off of the One Discovery Square development.

Speakers at the event included David Mortenson, Chairman of Mortenson; Lisa Clarke, Executive Director of the DMC Economic Development Agency; Ardell Brede, Mayor of the City of Rochester; and Gregory Gores, M.D., Executive Dean for Research with Mayo Clinic.

University of Minnesota Rochester signs on as an anchor tenant in One Discovery Square

General

One Discovery Square was designed with collaboration in mind to support the acceleration and translation of the most promising health-related therapies and technologies. Mortenson has announced that the University of Minnesota Rochester (UMR) will be a new tenant in the unique, state-of-the-art facility in Destination Medical Center’s Discovery Square, where doctors and researchers will explore innovative new discoveries and bring them to market – and ultimately to patients – faster.