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Home My WebLink About11/17/2023 DMCC Board of Directors Meeting - Presentation2025 DMC Plan Update Today’s Discussion •Review legislative requirements •Affirm timeline •Discuss scope of work •DMC Plan must be updated at least every five years, was last updated in 2020 •The plan must include specific elements: •Known DMC projects •Maximum opportunity for private development •Conformity with the City Comprehensive Plan •Planning specific to certain market segments (housing, research, education, etc.) •Fiscal and economic impacts •Framework to prioritize public investment and facilitate private development, including the criteria and process for evaluating and underwriting development proposals •Land use, transportation, operations, and market research plans Legislative Requirements Proposed Timeline Required/Typical Plan Elements: Executive Summary DMC Capital Plan Private Development Priorities Market Forecasts Economic & Fiscal Impacts Land use, transportation, and operations plans Scope of Work Possible Additions to Plan: Significant Development Considerations: Mayo Clinic Growth Post -COVID 19 Impacts Major Project Construction Macroeconomic Impacts 21st Century Infrastructure Others? Other Possible Additions? Mayo Clinic Growth Post -COVID 19 Impacts Major Project Construction Macroeconomic Impacts 21st Century Infrastructure Others? Other Considerations Are there methodologies or approaches we should consider? Who is our audience? How do we ensure alignment with other planning efforts—Mayo Clinic, UMR, Downtown Master Plan, City Comprehensive Plan, etc.? Today’s Discussion •Review legislative requirements •Affirm timeline •Discuss scope of work November 2023 “Discovery Labs” Shared Lab Infrastructure TODAY’S REQUEST OF THE DMCC 1.Board expectations of DMC investment in Discovery Labs. What is a Shared Lab •A community of like-minded entrepreneurs associated with one or more academic research partners •Programming that supports business growth (the “secret sauce”). •A facility where multiple early-stage companies share access to laboratory resources and equipment to take new technologies to market. •Real estate with lease rates and terms are structured to be more accessible to entrepreneurs and startups. “Clusters with the right talent, healthy levels of funding and investment, and the real estate infrastructure to support expansion will remain the most resilient during the short term, though emerging clusters may present early-mover advantages.” •Boston •Biolabs (3), CIC (2), Portal, Jlabs, nest.bio, LabCentral (6), IndieBio •San Francisco •Jlabs, Bonneville Labs, Focus Labs, QB3 Berkeley, StartX Med Labs, MBC biolabs •San Diego •Biolabs, Jlabs, ScaleMatrix, Prodigy Labs •Greater DC & Baltimore •Jlabs, Baltimore Innovation Center, The BioInnovation Center, FastForward •Philadelphia •Biolabs, CIC, Pennovation Center, Connect Labs •Raleigh-Durham •Biolabs, Connect Labs •New Jersey •Biolabs, Step-Out Labs •New York City •Biolabs (2), Jlabs, IndieBio •Seattle •SoundBio Lab, Fred Hutch Innovation Lab, CoMotion Labs, •Salt Lake City •Altitude Lab •Pittsburgh •LifeX Labs •Minneapolis-St Paul •UEL, Incubology •Houston •Portal, JLabs •Chicago •Portal, CIC, Technology Innovation Lab, UTP Incubator •Denver-Boulder •Innosphere Ventures Shared Labs Matter - in the Top 15 Biotech Hubs Why a Shared Lab in Discovery Square DMC Master Plan DMCC Goals DMC Market Research Why This Matters to Rochester 1.Top location & cost decision driver among site selectors. 2.Big-market infrastructure in a mid-sized market. 3.A de facto standard in established technology hubs. 4.Startups responsible for >15% of job creation. Why This Matters to Mayo Clinic 1.Workforce recruitment and retention. 2.Existing/emerging local start-ups and innovators can stay and grow here. 3.Attracts out-market companies with compelling technologies. 4.Particularly attractive to international businesses and talent. DISCOVERY LABS •25,000 sf on the 5th floor of Two Discovery Square •Lab spaces ranging from a single bench to 2,000 sf private lab •Shared equipment room •National operator to run programming and facilities •Tenant recruitment by all partner organizations plus Minnesota economic development partners How Did We Get Here 2015 DMCC Master Plan 2018 Discovery Square Strategy 2017 One Discovery Square 2020 Two Discovery Square 2023 Awareness and Perception Study 2023 Shared Lab Demand Study 2023 Foreshadowed ‘24 CIP Budget 2023 Operating Partner Vetting 2024 Q1 Secure Funding, Launch Recruitment 2024 Q4+ Discovery Labs opens Today PARTNERS IN DISCOVERY LABS Operator •Operates shared lab locations in key markets •Strategic focus on high potential, underserved biotech hubs Mortenson Construction Destination Medical Center Mayo Clinic Operator TBD Discussion - Partnership Expectations Destination Medical Center •Contribute to funding the buildout of the space •Lead the effort on brand awareness and tenant recruitment Mortenson •Long-term commitment to shared lab infrastructure and strategy. •Contribute to funding the buildout of the space. •Participate in the Discovery Labs fundraising activities (e.g. sponsorships). Operator •Set aside a percentage of space for Rochester partner initiatives/programs •Treat Rochester partners as full members, with access to facilities, programming, companies, leadership •Support tenant recruitment activities Mayo Clinic •Startups have TBD preferential access to Mayo infrastructure. •Support tenant recruitment activities •Support Discovery Labs fundraising activities (e.g. sponsorships) TODAY’S REQUEST OF THE DMCC 1.Board expectations of DMC investment in Discovery Labs. RIVERFRONT SMALL AREA PLAN 2.0 PRESENTATION TO DMC BOARD OF DIRECTORS ROCHESTER MN | November 2023 where we left off... Small Area Plan The Riverfront Small Area Plan was approved unanimously by the City Council on July 18th, 2022. Design and Engineering Work Plan Tasks: 1. Interim Activation (predevelopment infrastructure) 2. Advance Design Concepts 3. Due Diligence; Red Owl/ Time Theater Development 4. East/West Due Diligence 5. Advance Flood Wall Work with Army Corp of Engineers 6. RFP/RFQ Preparation 1 2 3 4 5 6Predevelopment Infrastructure Have met and talked to: • Business Owners - Residents • Students (University of Minnesota Rochester) • Property Abutters 1 2 3 4 5 6Predevelopment Infrastructure Programs suggested: • Outdoor Seating • Outdoor movie • Bocce Courts • Bag Toss • Ping Pong • Pickleball • Light-based art installation • Community Space • Dining Decks • Temporaray Planting • Festoon Lighting • Murals “I would like to see more seating with trees” - Fontaine Towers Resident 1 2 3 4 5 6Advance Design Concepts 1 2 3 4 5 6Advance Design Concepts The West site is ideally located within a naturally-ocurring cultural corridor 1 2 3 4 5 6Advance Design Concepts Initial Estimates: Red Owl Whitebox: $2,004,695 Time Theater Whitebox: $2,811,267 Demo of existing addition: $43,743 Potential Addition (Winter Garden): $2,696,784 Site: $49,843 $7,300,000 - $8,000,000* ($278-$304/sf) *with Wintergarden “I would like to see outdoor movies” - Business Owner West Site TOTAL SF: 500,000 SF/FLOOR: 28,000 - 44,800 STORIES: 16 - 22 TOAL OSFFO 3 R D A V E N U E 4TH STREET ZUMBR O R I V E R BE A R C R E E K TOTAL SF: 225,000 SF/FLOOR: 30,000 - 35,000 STORIES: 4 - 8 4TH STREET 3 R D A V E N U E 4TH STREET ZUMBR O R I V E R BE A R C R E E K TOTAL SF: 300,000 SF/FLOOR: 5,400 - 35,000 STORIES: 4 - 20 4TH STREET 3 R D A V E N U E 4TH STREET ZUMBR O R I V E R BE A R C R E E K TOTAL SF: 175,000 SF/FLOOR: 25,000 - 30,000 STORIES: 4 - 8 4TH STREET 3 R D A V E N U E 4TH STREET ZUMBR O R I V E R BE A R C R E E K 1 2 3 4 5 6Advance Design Concepts East Site Development Range 175,000-500,000 TOTAL SF 150-400 new housing units “I would like to see more density and commercial activity” - Neighborhood Resident East Site PRELIMINARY GEOTECHCICAL REPORT ROCHESTER SMALL AREA MAP ROCHESTER, MN September 22, 2023 Prepared for: Gamble Associates, LLC 678 Massachusetts Ave – Suite 502 Cambridge, MA 02139 WSB PROJECT NO. 022543-000 1 2 3 4 5 6Due DiligenceRed Owl/Time Theater Development • Environmental Site Assessment: “(N)o evidence of recognized environmental conditions” no history of leaks, spills or releases”. Some asbestos abatement likely needed. • Geotechnical Scope: Soil borings: Soil boring logs and Soil Sampling Take away: • Course alluvial soils capable of supporting spread footings for light loads; High foundation loads anticipate pipe pile or h-pile foundations to bedrock. Groundwater high in this area. 1 2 3 4 5 6Due DiligenceEast/West Site The boring profiles generally consist of Pavement, Fills, Organics and Alluvial Deposits found until Bedrock. 1 2 3 4 5 6Advance Flood Wall Work with Army Corp of Engineers Scope: Engage U.S. Army Corps of Engineers, MN. Dept of Natural Resources on necessary modifications to the river channel wall, timing and infrastructure implications for the floodway. 1 2 3 4 5 6Advance Flood Wall Work with Army Corp of Engineers Take aways: HEC-RAS 2-D Model built to visualize velocities through channel with terrain for 2-year, 10-year, 100-year and 200- year events. The modifications to the flood wall increase floodway capacity at the bend of the river. 1 2 3 4 5 6RFP/ RFQ Preparation Scope: Assemble due-diligence information and graphics, develop narrative, design principles and graphics for RFQ/RFP for the East and West Parcels. Next Steps: 1. Consultant finalizes work on all previous items 2. Pre-development infrastructure advances from concepts into implementation strategy 3. Secure capital support needed to advance this vision 4. Consider timing for RFQ/RFP process 5. Begin consideration of Zumbro River function Project Components- Budget Riverfront Trail Parking Ramp Demo & Skyway Rebuild Riverfront Public Realm Red Owl/Time Theater Development $4.75 million $8.5 million $18.3 million $15 million Bonding Request U of M Rochester - A Start Up University Developing Human Potential for the Healthcare Industry November 17, 2023 Lori J. Carrell, PhD UMN Rochester Chancellor UMR’s VISION The University of Minnesota Rochester will inspire transformation in higher education through innovations that empower our graduates to solve the grand health challenges of the 21st century. U of M ROCHESTER is a proven start-up campus in America’s City for health: Incubator for learning innovation. Driven by learning analytics. Experiential learning in community. Diverse students. Equity in outcomes. Mayo Clinic partnerships. PRINCIPLES & PROTOTYPE UMR STUDENTS Future Health Professionals MINNESOTAN 80% from MN (half rural, half metro) DIVERSE 2/3 underrepresented SUCCESSFUL Equity in degree completion Patient Care Resilience, Well-Being & Mental Health The Business & Leadership of Health Care Emerging Health Technologies Public Policy & Global Health Health Care Research & Discovery CAREER PATHWAYS NEW DESIGNS FOR A NEW ERA WE DO IT DIFFERENTLY TO DO IT BETTER “Thanks to the U of M Rochester it will be Minnesota minds behind the solutions to the 21st century’s biggest medical challenges... U of M Rochester we need you!” - Senator Amy Klobuchar