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Discovery Square One

The building (Building1@DSQ) aims to serve as a catalyst for Discovery Square, a 16-block area on the south end of downtown that Mayo and local officials want to develop as a life science research campus. 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.

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About the project


Impacts: 

Economic Development, STEM   Technology, Discovery Square  

Project Phase: 

Plan

Collaborators

Contact: TBD ; Email: TBD ; Phone: TBD

Lead Organization: Mortenson

Collaborators: Mayo Business Accelerator ; Mortenson

Related Projects

DMC Discovery Square Design Process ; Discovery Walk

 

Detailed Description


 

 


Status/News

November 06, 2017 PB: Groundbreaking Building 1 Discovery Square

The building will be the first of several science and research complexes that could total up to 2 million square feet in the 16-block Discovery Square area.

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July 29, 2017 PB: Building1@DSQ (Building 1 at Discover Square)

The DMC Corp. board approved the project Thursday, agreeing to $4.9 million in related tax-increment financing for the developer, Minneapolis-based Mortenson Co.

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June 28, 2017 Med City Beat: Discovery Square Biolab (Mortenson) 1st Building

The building (Building1@DSQ) aims to serve as a catalyst for Discovery Square, a 16-block area on the south end of downtown that Mayo and local officials want to develop as a life science research campus.
Read more

March 27, 2017 PB: M. A. Mortenson Co. to lead DMC Discovery Square development

M. A. Mortenson Co. will lead Mayo Clinic's development of up to 2 million square feet of research and education space in the Destination Medical Center Discovery Square district, the clinic announced today.

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February 13, 2017 TBD: Discovery Square Biolab (Mortenson) Status Updates to DMCC

Discovery Square Updates from Mortenson: (1) Project Update (2) Phase 1 Project Team (3) Connection with DMC Development Plan (4) Schedule/Next Steps

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May 27, 2016 DMC EDA: NIH Awarding Mayo Clinic

The Mayo Clinic has been awarded $142 million in funding from the National Institutes of Health to create a research repository of biologic samples to advance precision medicine.

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Related PlanScape Status

Economic Development, STEM  

February 17, 2019: Destination Medical Center (DMC) Meeting Packet

DMCC Meeting Packet with affordable housing and transportation breakouts.

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February 08, 2019: Bloom Reconsiders Second Phases of Riverfront Project

"Bloom International Realty may be rethinking plans to build the second phase of its $230 million riverfront development in downtown Rochester.

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December 21, 2018: Triton Hilton Hotel (Broadway at Center) Asking for more TIF

Rochester developer Gus Chafoulias wants an additional $6.5 million in city assistance to pay for the nearly-complete Hilton hotel project.

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October 04, 2018: 6 Crtical Components for Discovery Square

Presented to DMCC Board in its September 2018 board meeting.

 

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September 19, 2018: November 2017 DMC Dashboard

September 2018 DMCC Board Meeting, YE 2017 DMC Metrics per Nov. 2, 2017 DMCC Board Meeting.

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August 08, 2018: Riverfront project gets first nod per Post Bulletin Report

"Early plans for a $180 million construction project along the Zumbro River received some enthusiastic support from Rochester's Planning and Zoning Commission Wednesday night." 

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July 11, 2018: Prosperity Initiative

2018-07-011

Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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June 29, 2018: Triton Hilton Hotel (Broadway at Center)

June status same as March Status except completion date is now set for 1/31/2019.

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Last modified by allnode on 2019/01/18
Created by allnode on 2017/04/29

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