DMC is changing the face of Rochester, and the state of Minnesota is taking notice.
The past few months have brought a new visibility to America’s City for Health as statewide publications have begun to share the story of Destination Medical Center.
In May, journalist Matt McKinney and photographer Glen Stubbe from the Star Tribune joined DMC Economic Development Agency executive director Lisa Clarke on the 189-foot Kraus-Anderson construction crane at the site of the future Titan Hilton Hotel to get a birds-eye view of the development taking place across the city of Rochester and discuss what’s to come for the burgeoning city.
M.A. Mortenson Co. has been chosen as the developer for the research campus of Mayo Clinic’s Destination Medical Center (DMC) in downtown Rochester.
The six-block subdistrict which will be called Discovery Square is supposed to “serve as a point where physicians and scientists will come together with businesses and entrepreneurs to accelerate advancements in medical research and technology for critical advances in patient care,” according to an announcement.
It’s going to take a lot of money to redo Rochester, but that’s the bold aim of a Mayo Clinic project known as Destination Medical Center.
The DMC, begun in 2013, will see Mayo expand its campus as the city of Rochester invests in new infrastructure to support more employees, more patients and more businesses. By 2033, when the plan turns 20, the city should be a shining example of public-private partnership and an international hub for health care, research and medicine. That’s the plan.
So how much money does it need? Mayo officials say they will invest $3 billion over the DMC’s lifetime, and expect to court an additional $2.1 billion in private investment.
A first look at a proposed $200 million riverfront project cheered the Destination Medical Center Corp. board at its monthly meeting on Thursday, even as some members expressed frustration with the pace of transportation planning in Rochester.
The proposed project, a hotel/condo/retail complex, would sit on the banks of the Zumbro River, which, despite passing near the heart of the city, is largely inaccessible thanks to a 1990s-era flood-control project. The concept calls for tying downtown into the riverfront with a shallow splash pool, fountain, water wall, outdoor restaurant with seating overlooking the river and a possible kayak launch.
Two developers are teaming up to bring some Twin Cities flavor to Rochester’s apartment scene.
Minneapolis-based Alatus LLC is partnering with the Pompeian family, longtime real estate developers in Rochester, on a proposed 13-story apartment tower that would visually change the main entrance from Hwy. 52 into the city’s downtown and Mayo Clinic complex.
The $100-million plan is unique for Rochester in both size and style, introducing a luxury class of apartments that have become common in bigger cities, including the Minneapolis-St. Paul metro area, in recent years.
Rochester’s med-tech business community is getting a national boost.
Earlier this week, Greater MSP – an economic development agency in the Twin Cities – announced the Minnesota Medical Manufacturing Partnership, giving medical manufacturers working in Rochester and in Minnesota access to federal agencies that coordinate $1 billion in economic development assistance.
Rochester is in one of 24 regions selected by the federal government as part of a nationwide effort to reignite manufacturing.
Destination Medical Center Executive Director Lisa Clarke said the partnership will help transform Rochester’s med-tech community in the Discovery Square Subdistrict and our region.
Drawn to Rochester for medical treatment at the Mayo Clinic, Traci Downs and her husband, Hunter, originally thought they’d be in southeast Minnesota for only six weeks.
That was a few years and a business relocation ago.
Now permanent residents, the Downses this summer plan to open one of the first buildings in the state’s largest-ever economic development project. Their renovated Conley-Maass building, a former woolen mill and factory just blocks from the Mayo Clinic, will house, among other things, a restaurant, two tech companies and a “Maker’s Lab” equipped with a 3-D printer.
A wave of new apartments opened in Rochester last year, and even more are planned this year with both suburban and downtown projects in the development pipeline.
It’s unclear whether the surge is just a normal upturn in the Rochester market’s building cycle or if it’s being spurred by the Mayo Clinic’s effort, with local and state help, for expansion. That development is called Destination Medical Center and has a goal to add 45,000 new jobs over 20 years to the city. Some apartment developers are specifically mentioning the Mayo’s expansion as a reason for investing in the market.
The city’s surge in new multifamily units — while small in numbers compared to the apartment-building binge in the Twin Cities — is impressive for sheer magnitude.