Mayo Picks Mortenson for Discovery Square Project
Rochester, MN (KROC AM News) – Mayo Clinic has selected a well-known Minnesota company to help build out its Discovery Square district.
The six-block section of the DMC initiative will be located south of Mayo’s main downtown campus. It will consist of bioscience research, education and medical innovation buildings. Work on the first one is scheduled to begin next year.
Mayo says M.A. Mortenson was selected over several other developers. Mortenson is a Minneapolis-based and family-owned development and construction services firm.
Mayo plans to add more than 2 million square feet to its downtown campus as research, commercial and product development space over the next 20 years. Mayo’s current research footprint consists of 1.3 million square feet.
Work on the first building is expected to be completed in 2019. It will consist of 60,000 – 100,000 square feet.
“We are honored to partner with Mayo Clinic on their vision for a global destination for health and wellness in Rochester,” said David Mortenson, chairman of M.A. Mortenson Company. “Discovery Square will serve as a keystone of the Destination Medical Center economic development initiative that will successfully bring together biomedical research, education, and innovation through unparalleled public-private investment in the city, the region and the state.”
“Mortenson is a Minnesota-based, family-owned development and construction services firm with national and global reach. With this experience, they will be a fantastic partner with Mayo to spearhead the development of the six-block Discovery Square, the bioscience research, education and medical innovation campus that is the core of the DMC,” said Lt. Governor Tina Smith, DMC Corporation Board Chair. “Discovery Square, which will include Mayo and other private businesses, is a key milestone for DMC, and this announcement puts us another step closer to realizing Minnesota’s largest economic development partnership.”
“This is a small step for Mayo Clinic and a giant step for DMC in bringing Discovery Square to life,” says Rochester Mayor Ardell Brede. “While we all might get a little impatient waiting to see these projects reshape our landscape, big things take time as we work through the planning process. This is an important step in positioning Rochester as the ‘Silicon Valley of Medicine.’”