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Wells Fargo Building Redevelopment

Beam Project Type:     Project in Concept Phase

105,000 sq. of building; Ryan Companies to purchase building; Wells Fargo will remain in building; Branch bank relocation to 1st Ave; Facade improvements

Impacts

PlanScape

Level 1: Economic Development

Level 2: Heart of the City

DMC: Heart of the City

Community Health:

Results

Maximize learning opportunities

Reduce redundancies

Collaboration

Lead Organization: Ryan Companies

Confirmed Collaborators: DMC EDA

Potential Collaborators:

Status Reports Related PlanScape Status on: Economic Development

February 18, 2018: Riverfront project gets first nod per Post Bulleting 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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December 12, 2017: November 2017 DMC Dashboard

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

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November 06, 2017: 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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November 04, 2017: DMCC approves $22M in capitral improvement projects for 2018

While the DMC EDA budget will rise from $3.5 million this year to more than $3.7 million next year, the city will contribute $122,000 less and Mayo Clinic's contribution will increase by $337,000.

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October 11, 2017: What's the vision for Saint Marys Place subdistrict?

PB Reporting: "A Destination Medical Center rendering provides a potential look at the future St. Marys Place. Community input is being sought this week as a final design concept nears."

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October 09, 2017: Taylor Arena Replacement

Discussion of a proposed arena project connected to Mayo Civic Center will continue Tuesday.

The Mayo Civic Center Commission will hear a presentation from London-based PricewaterhouseCoopers regarding an analysis of a proposed sport and entertainment arena to replace Taylor Arena.

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October 01, 2017: University of Minnesota, Rochester Master Plan

PB reports "The University of Minnesota Rochester is taking another step toward its future goal of building a 10-acre college campus at the edge of downtown."

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August 03, 2017: Need for workforce development and labor shortage

Members of the House Greater Minnesota Economic & Workforce Development Policy traveled to Rochester on Thursday to learn more about the region's economic challenges. They started the day at the Rochester WorkForce Center at Rochester Community and Technical College

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July 29, 2017: 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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Last modified by allnode on 2018/03/25
Created by support on 2015/09/13

Site Information
Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
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