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DMC Discovery Square Design Process

DMC’s Discovery Square, which will include the current Minnesota BioBusiness Center, is anticipated to be one of the largest drivers for job growth as it positions Rochester to attract medical innovators and researchers with the ultimate goal of commercializing new medical discovery and businesses throughout the city and the state. A feasibility study of the proposed biobusiness hub Discovery Square is expected in February of 2016, according to Economic Development Agency Director and Mayo Clinic Chief Administrative Officer Jeff Bolton. The study, which is being funded by Mayo Clinic, will evaluate the extent to which Mayo Clinic and DMC might attract investment and entrepreneurs to Rochester, in addition to potential developer revenue streams and other types of industries that might be interested. “We’re hoping this serves as a hotbed of innovation that pushes us toward new modes of development,” Bolton said.

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About the project


Impacts: 

Economic Development   Technology, Discovery Square  

Project Phase: 

Plan

Collaborators

Contact: Lisa Clark ; Email: TBD ; Phone: TBD

Lead Organization: DMC EDA

Collaborators: DMC EDA ; Mayo Business Accelerator ; Mayo Clinic Ventures

Related Projects

Conley Maass Build Out on Discovery Square ; Destination Medical Center (DMC) Plan ; Discovery Square One ; Discovery Walk ; Residence at Discovery Square (Third Ave Lofts Residence at Discovery Square) ; Urban on First (Titan-OPUS) Development

 

Detailed Description

 


Highlight Activities


January 23, 2016 PB: Hammes Co. of Madison, Wis. has been awarded the job to analyze Discovery Square buildout

Mayo Clinic has hired the DMC development manager, Hammes Co. of Madison, Wis., to analyze the Discovery Square piece of the DMC vision and offer a market plan of how the medical and technology research area might be developed. Mayo is paying Hammes $1.5 million to conduct the study, which is expected to be completed by the end of the year.

Status/News

October 04, 2018 openBeam.net: 6 Crtical Components for Discovery Square

Presented to DMCC Board in its September 2018 board meeting.

 

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January 23, 2016 PB: Hammes Co. of Madison, Wis. has been awarded the job to analyze Discovery Square buildout

Mayo Clinic has hired the DMC development manager, Hammes Co. of Madison, Wis., to analyze the Discovery Square piece of the DMC vision and offer a market plan of how the medical and technology research area might be developed. Mayo is paying Hammes $1.5 million to conduct the study, which is expected to be completed by the end of the year.

Read more

 


Related PlanScape Status

Economic Development  

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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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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May 27, 2018: Three DMC Proposals

Three projects looking for TIF: Hotel Indigo, Hyatt House Hotel and Wells Fargo Bank Building Renovation

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May 17, 2018: Southeast Minnesota Workforce Development Board Strategic Planning Meeting

openBeam's information on structure and Southeast Minnesota Workforce Development Board Strategic Planning Meeting
Read more ...

Last modified by allnode on 2018/12/24
Created by allnode on 2015/05/01

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Beam
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  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
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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.
Links
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