Real Estate Development

team results

Mortenson Development Partnership

Mortenson was selected in September 2016 to lead the development of Discovery Square. The launch of Discovery Square, which will include Mayo and other private businesses, is a key milestone for Destination Medical Center, the largest public-private partnership in Minnesota state history.

Groundbreaking for Phase 1 of Discovery Square was in November 2017. Opening is scheduled for May 1, 2019.

About Discovery Square

What's Here is What's Next. Located adjacent to the world renowned Mayo Clinic, Discovery Square is the new home for the future of biomedical research and technology innovation. Taking advantage of unrivaled proximity and access to Mayo Clinic, Discovery Square will offer start-up, early phase and established companies the opportunity to collaborate in the development of what's next in technologies and therapies.

Planned as a healthcare innovation campus within Rochester's Destination Medical Center, Discovery Square is located within Medical Alley, the number one health-tech cluster in the world. Here, research is translated from bench to bedside in the fastest-to-market approval community in the United States.

Space flexibility will be a hallmark of Discovery Square to ensure that a wide variety of needs can be accommodated, from growing and established companies to educational uses. Discovery Square builds on an already rich entrepreneurial ecosystem established in Rochester. Tenants will benefit from this ecosystem while living in one of America's Best Places to Live with easy access to nature, recreation and culture - all at an affordable cost of living. At Discovery Square it's not only about speed - it's about the lifestyle that affords an ease of speed.

Phase 1

Phase 1 of Discovery Square includes an 81,000 square foot bioscience building with approximately 150 surface parking stalls. The building will be anchored by a program of Mayo Clinic, bioscience industry, and other private sector partners. At Discovery Square, you can be cutting edge without being cut throat.

GET IN TOUCH

Jeremy Jacobs Jeremy Jacobs Director of Real Estate Development Email | 763.710.6863
Tom Schmall General Manager Email | 763.287.5509