two-discovery-square
- Facts and Figures
-
Adjacent to One Discovery Square
125,000 Square Feet
Completion: March 2022
- Delivery Method
- Develop Design-Build
Adjacent to One Discovery Square
125,000 Square Feet
Completion: March 2022
The overwhelming success of One Discovery Square resulted in a backlog of tenant interest, prompting the advancement of Two Discovery Square. This is the second phase of Discovery Square, a 16-block area projected to be up to 2 million square feet in 20 years and is the economic engine of the Destination Medical Center (DMC) Master Plan, the largest public-private economic development initiative in Minnesota history.
This new building shares the goal of providing an authentic urban experience that supports a unique environment for community amenities, a collaborative culture and a one-of-a-kind innovative ecosystem. Features include biomedical manufacturing, cGMP space, LEED Certification, WiredScore, complex mechanical and electrical systems to support laboratory needs, multiple programmed and flexible amenity/collaboration space, site infrastructure upgrades. The new facility is also adjacent to One Discovery Square, with a physical link for tenants.
Mortenson’s role as developer design-builder included feasibility and site due diligence, facilitation of entitlements and use of Opportunity Zone funding, securing of debt and more than $7 million in DMC joint venture funding. All of this was facilitated under a public-private partnership.
This is the first building in Rochester designed for WiredScore, a commercial real estate rating that ensures a building is optimized with superior tech capabilities for the connectivity needs of tomorrow. Wired Certification ensures strong internet connectivity to support current and future needs of tenants. Two Discovery Square is only the 11th building in Minnesota to achieve the certification.
Additional project highlights:
Brent Webb
Development Executive
Troy Blizzard
[VICE PRESIDENT, GENERAL MANAGER]
Jon Bonkoski
Development Senior Project Manager
Tom Schmall
[VICE PRESIDENT, PROJECT DEVELOPMENT]
Lindsey Thompson
Capital Markets Analyst
Nate Podratz
Vice President, Development And Capital Markets
Chantily Malibago
[Healthcare Market Director]
Laura Bodine
Director Of Asset Management