BioBusiness accelerator center plans moving along
Remember the accelerator center that the City of Rochester, RAEDI and Mayo Clinic are putting together in the Minnesota BioBusiness Center?
That's the deal where 2,500 square feet of office space on the BioBusiness Center's second floor is being fitted up to house early biotech start-ups and venture capitalists. That's probably the spot where the MinneDemo event was held last week.
Anyway, an application for the buiding permits for the project were filed with the city on Monday.
The app doesn't have much info on it, like cost. It is interesting that the "Public Owned" box is not checked. I assume that's just an oversight.
Mayo Clinic is giving $100,000 to turn the unused space, which is owned by the city, into offices. RAEDI will handle the management and leasing of the space.
I was told before that it is expected to include about six offices plus a conference room and other public areas. HGA, which was the architect firm for the building, is working on designs for this space. Rents are expected to range from $13 to $15 per square foot.
The bottom line is that the project, which the Rochester City Council gave its blessing to a couple weeks ago, is coming to life.