Mayo Clinic announced the next step in realizing Destination Medical Center’s (DMC) vision of creating Discovery Square, a first-of-its-kind urban bioresearch campus that brings together renowned physicians, researchers, scientists and entrepreneurs to address unmet patient needs in an ultramodern setting for science innovation, according to a press release from Mayo Clinic.
Mayo Clinic is initiating a process to identify a strategic real estate development firm to expand its Rochester, Minn., campus by building more than 2 million square feet on Mayo Clinic-owned land as research, commercial and product development space over the next 20 years, the press release noted.
This is in addition to Mayo’s current research footprint in Rochester of 1.3 million square feet. Discovery Square, which will include Mayo and other private businesses, is a key milestone for DMC, the largest public-private partnership in Minnesota state history, and one of the largest economic development initiatives in the United States.
“At Mayo Clinic, we feel that we have a responsibility to bring forward discoveries that will deliver hope and better health to people around the world,” says John Noseworthy, MD, Mayo Clinic president and chief executive officer. “There is no better way to stimulate innovation than through collaboration, which has been part of the Mayo culture for over 150 years. We’re looking forward to welcoming businesses, medical innovators and researchers from around the world to Discovery Square who will work together to accelerate advances in bioscience, research, education and technology for health and wellness.”
With construction slated to begin in 2017, the first of several Discovery Square buildings is anticipated to be completed within two years. Discovery Square is a six-square-block area that is one of six DMC sub-districts in the DMC Development Plan catalyzing densely organized, mixed-use neighborhoods made up of life science businesses, new start-ups and residential options anchored by signature spaces.