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2789 posts categorized "Follow-up"

July 08, 2014

Cowboy Jacks now open on Broadway

The word is that Rochester's latest Western-themed eatery opened its doors and fired up the grill on Monday.

074After an extended build-out, Cowboy Jack’s is now cooking in the Wyndham Garden hotel at 1625 S. Broadway. That's the 145-unit hotel that was under the America's Best Value Inn and Suites brand from 2011 to November 2013.

Cowboy Jack's is a casual, American-style restaurant chain based in the Twin Cities.

The name and look of the hotel's bar and restaurant has morphed several times in the past few years. In 2008, it became Macho Nacho. Later it transformed into Ron's Place, which then became The Fieldhouse.

The Wayzata-based Bay Ridge Properties own the 40-year-old hotel. Bay Ridge purchased it in February 2012 for $4.8 million.

July 02, 2014

New south Rochester furniture store hopes to open in August

Schneiderman’s Furniture is targeting an August opening for its new Rochester location, which will be the fourth furniture store to open in the Med City this summer.

07022014schneidermansThe well-known Minnesota furniture retailer is making its first foray into southeast Minnesota by renovating a 30,991-square-foot store at 4540 Maine Ave. S.E. That's the former Best Buy store, which closed in 2012.

Larry Scheiderman says the project is moving along and they hope to be able to open the doors in August, possibly as soon as the first week of that month. Some hiring has already been done for the new store, but he says more people are still needed. Schneiderman's plans to have 20 people staffing the store.

Schneiderman’s is a third generation, family-owned business with four stores in the Twin Cities and one in Duluth. It was founded by Larry Schneiderman's parents, and now his son, Jason Schneiderman, is the president of the company.

The spike in Destination Medical Center-driven attention has spurred more than just Schneiderman's to try to furnish the rapidly growing Rochester.

Three other new furniture stores – Furniture Superstore Factory Outlet, Deutsch Furniture Haus and Hershberger's Furniture – have also opened this summer.

July 01, 2014

Mayo Clinic-linked Cardio3 making push into China

Cardio3 BioSciences, a Belgium company working closely with Mayo Clinic, recently launched a joint venture in China, the third largest pharmaceutical market in the world.

Cardiobioscience_jpegWorking with Hong Kong-based Medisun International Limited, it created Cardio3 BioSciences Asia Holdings Ltd. to make a serious push into China. As part of the deal, Medisun purchased $34 million in stock. It now owns 8 percent of the company's outstanding shares.

Cardio3 is publicly listed on the European stock markets NYSE Euronext Brussels and NYSE Euronext Paris, though it is not traded publicly in the U.S. Get_photo

The company says that $34 million will finance the U.S. clinical trials for C-Cure, Cardio3's regenerative heart treatment. Cardio3 CEO Dr. Christian Homsy flew to Rochester in January for a press conference at Mayo Clinic to announce that U.S. trial. Mayo Clinic in Rochester is one of the trial sites. Homsy gave a tentative time line of commercialization in Europe possibly by 2017 and by 2018 in the U.S.

Medisun has also committed to buy an additional $34 million shares of Cardio3 stock from existing shareholders in the next eight month at a price per share equivalent to the 10 days average preceding the offer.

This new deal means Medisun's ownership of Cardio3 has quickly leapfrogged Mayo Clinic's investment. As of June 16, Mayo Clinic owned 5.05 percent of the available shares of Cardio3. Medisun had just 4.21 percent at that point. As of June 25, Mayo Clinic controlled 3.1 percent of the shares.

Mayo Clinic researchers Dr. Andre Terzic and Dr. Atta Behfar originally developed the proprietary process of regenerating heart tissue with stem cells drawn from a patient's own bone marrow. Since 2007, Cardio3 has licensed patents and related research from Mayo Clinic. Terzic and Behfar each have a financial interest in the company.

Homsy has previously stated that he hopes to eventually base a few employees in Rochester for office and laboratory work. Cardio3 previously attempted to open a U.S. headquarters here, but that fizzled when the one person based here left.

Many consider what Cardio3 is attempting as the "holy grail" of cardiac treatments. Terzic previously described repairing faulty hearts as a "major unmet need worldwide." He estimated about one-third of all deaths stem from heart disease.

To date, the promising company has raised $121 million in equity and capital.

A recent study also estimated that the global market for such treatments could grow to $18.2 billion by 2019. The U.S. market was valued at $6.1 billion in 2012, with potential to increase to $8.49 billion by 2019.

“With this presence in Greater China, we are very proud to become the first global player in the field of cardiac regenerative medicines, aiming to commercialize our leading edge cell therapy to patients all across the globe,” stated Cardio Chairman Michel Lussier in the announcement of the venture.

Medisun Chairman Danny Wong says that his company is organizing medical conventions in August "to promote cell based medicines as well as Cardio3’s technology" in both Beijing and Shanghai.

"We are passionate about this project and I am certain that our involvement with Cardio3 as a leader in this field, combined with our local knowledge of the regulatory, healthcare and market access capabilities and expertise, will bring success to all the parties involved,” said Wong.

All the costs of Cardio3's moves in China will be funded by Medisun, with a minimum of $27 million committed during a three year period. Cardio 3 has 40 percent ownership in the joint venture, which will drop to 30 percent when clinical trials are up and running.

Success of the Phase III clinical trials that allow Cardio3 to market C-Cure in Asia would trigger  royalties ranging between 20 and 30 percent of net sales depending on total revenue of the joint venture.

June 30, 2014

Consultants hired to create DMC blueprint w/ FULL CONTRACTS

Here's some of the lead-in to my package from the weekend about the $4.1 million  contracts for the consultants to create the Destination Medical Center plan to re-make Rochester.

There's a lot more detail in the rest of the package. So if you are interested in this topic, I'd suggest reading the full piece.

And for the document wonks out there like me, here's the 251 page PDF that includes all of the contracts with Nelson / Nygaard Consulting Associates of San Francisco; Kimley-Horn and Associates of Cary, N.C.; AECOM Technical Services of Los Angeles; and EE&K of New York.

Download Combined Consulting Agreements EDA(1)

 

---------------

Planning for a complex initiative like Mayo Clinic's Destination Medical Center doesn't come cheaply.

The surge of DMC hype already has national and international businesses fluttering around Rochester's sudden glow. The sale of commercial real estate is booming, particularly in the downtown core. New housing developments are being mapped out for the tens of thousands of people expected to move to Rochester for the forecasted 35,000 to 45,000 new jobs.

51687d3f5e0c6-image However, there's no blueprint yet for the $6 billion upgrade of the city's infrastructure, transportation systems, private development and more that's at the heart of DMC's vision of a Rochester better suited to accommodate more patients for Mayo Clinic.

Hiring a team to create a detailed plan for the massive undertaking to change the face of the city was a top priority for the public Destination Medical Center Corp. board of directors.

Public-private projects on this scale are rare in U.S., so there are not many examples to follow. National experts say sports developments, like the $975 million Vikings stadium and the new $622 million Atlanta Braves stadium, are about the only comparable projects to what is being proposed in Rochester.

The DMCC contracted with the DMC private Economic Development Agency, led by Mayo Clinic's Lisa Clarke, to handle hiring consultants to create the overall DMC "development plan." In December, the EDA board posted requests for proposal for six roles in the planning process.

800px-Gonda_building,_closer_upWith so much money on the table, proposals came in from 19 leading firms across the country and even overseas. Five of the teams vying for the contracts are based in Minnesota with three of them having offices in Rochester.

In April, the EDA wrapped up that six-month hiring process by contracting with four national consulting firms. Two were chosen to fill dual roles.

All of the consultants have had experience in major public-private projects, from stadiums to transit systems to airports.

Those four, plus another company hired in February, will be paid a total of $4.1 million this year to create the DMC's grand plan by February. That $4.1 million accounts for almost half of the DMC's total city-funded budget of $8.2 million for 2014.

In the end, all of the Minnesota hopefuls were passed over for the DMC planning jobs.

"The main factors that influenced our decisions was experience, knowledge of the market and the team they put forward. Those were the basic components we needed to consider as we moved forward," said Clarke. "I'm very confident that we have hired the best."

June 27, 2014

Mayo Clinic still mum on SE Rochester building

There's no question that an unmarked 22,000-square-foot commercial center is being built in south Rochester's Shoppes on Maine area.

The question is what will it be used for when completed?

The half-completed gray and blue building at 4544 Canal Place S.E. stands at the corner of Canal Place and Maine Avenue Southeast.

06262014mayoclinicsoutheastIt's described as "Future Mayo Clinic Southeast" in city building permits dating back to April. However, Mayo Clinic isn't acknowledging any involvement.

"We don’t have anything to share at this time. When we do — I’ll certainly let you know" is how Rebecca F. Eisenman of Mayo Clinic Communications responded to questions on June 18.

In April, Eisenman did acknowledge that Mayo Clinic is interested in the area.

"We are exploring options to improve our ability to improve access to community care for our employees and those who depend on us for these services," she wrote. "Future options may include expansion of facilities and services in southeast Minnesota, but no specific details are available at this time."

The owner of the project is Canal Place Pointe Inc., which is based nearby at Suite 200 of 4325 Maine Avenue. That's also the address of the office of Maine Street Development Co. Tom Hexum, who manages the Maine Street Development projects with partner Ron Schultz from that office, filed the original land development application for the building. He says it's owned by a group of local investors, though he is not part of that group.

Hexum describes the building as a Mayo Clinic project.

Building permits show that just the structural shell of the Canal Place Pointe complex is valued at $1.4 million. There is a half-circle drive under an 880-square-foot canopy in front that would be handy for a medical facility. The parking lot features 109 parking spaces.

The whole facility, being built by Benike Construction, is on two acres of land. The local design firm SEH-Yaggy, formerly known as Yaggy Colby Associates, planned the project.

June 26, 2014

Knutson lands $17.3M contract to upgrade Rochester MnDOT complex

A Minnesota construction firm with a large Rochester-based office and team won the $17.3 million contract to renovate the MnDOT District 6 headquarters.

Minneapolis-based Knutson Construction was chosen last week as the "best value" contractor for the third phase of the major upgrade of the MnDOT and State Highway Patrol facilities at 2900 48th St. N.W.

MnDOT_Rendering-600x330Knutson will add a new 911 call center, a new data area, a lab to test road materials as well as conference rooms and offices to the older MnDOT building. Plans also call for installing solar panels and a new mezzanine.

Construction is slated to start on July 14 and should wrap up in October 2015, said Knutson senior project manager Derek O’Connor.

The construction team will be led by O’Connor. Others working on the project include: superintendent Sean Dols, assistant project engineer Mike Johnson, and project assistant Amy Jansen.

"We are excited to continue our relationship with MnDOT,” stated Dave Bastyr, Knutson's executive vice president of Minnesota operations.

Knutson was also in charge of the second of this District 6 project, construction of a new 122,000-square-foot maintenance facility, in 2011 to 2012. That was a $19.8 million contract for that phase.

In the past four years, Knutson has won 13 such best value contracts, including building the new City of Rochester Fire Station #2. It will replace the current one by Silver Lake. The new $7.7 million emergency center is being built on Viola Road in the Century Heights area. It's expected to be ready to use by February 2015.

Knutson opened its Rochester office in 1997, though it has a long history working on high-profile projects here. It built the original IBM facility in 1956 as well as Mayo Clinic's Gonda Building, the Ronald McDonald House and Hope Lodge.

June 17, 2014

Brandix i3 'graduates' from Accelerator, leases BioBusiness Center space

Another start-up is "graduating" from the Mayo Clinic Business Accelerator to lease office space in Rochester's Minnesota BioBusiness Center.

02272013mayoaccelerator1As a parting gift, it is providing the Accelerator with a short-term solution to its need to expand by  providing space for it to use.

Brandix i3, the healthcare technology arm of a Sri Lanka-based company, has signed a three-year lease with the City of Rochester for 2,000-square-feet of space on the skyway level of the center at  221 First Ave. S.W. The space is half of a 4,000-square-foot area that never hasHeader been built out for a tenant since the BioBusiness Center opened five years ago.

The software development firm plans to have six employees based in the Rochester office to start with, though it expects to grow to 12 by the end of the year, said Aaron Epps, Brandix's associate vice president of healthcare.

"We want to be part of the Destination Medical Center project," said Epps. "We're looking to expand quickly. We're a start-up, but we're a start-up with the backing of a large company."

051509biobusinesscenteratnightBrandix currently is operating out of the Accelerator space. The lease that was approved by the city council Monday sets Brandix's rent at $20 per rentable foot for the 2,000-square-foot space. It also will pay its share toward the maintenance of the building and its taxes.

The city is giving "a one-time fit-up allowance" of $10 per square foot, or $20,000, to the software firm to prepare its offices.

By comparison, the city signed a five-year lease in 2013 with Patient First Home Infusion Services for $16 per square foot and gave it $10,000 to use for construction costs.

In 2013, Imanis Life Sciences signed a five-year lease set at $15.50 per square foot for the first two years.  It then increases every year to $18.50 by the fifth year. The city also agreed to provide Imanis a $20 per foot allowance to build out the space plus an interest-free loan of up to $10,000.

In addition to the leasing the 2,000-square-feet, Brandix's lease promises "first right of refusal" for the other 2,000 square feet of adjacent vacant space to the west.

"In the interim, the Business Accelerator may lease the adjacent space until such time as it is needed by Brandix," according to the lease. There has been talk of expanding the Accelerator, which opened in 2009.

Epps, who has lived his whole life in Rochester, says the company plans to create a "unique" office to enhance the local business community.

Brandix's focus is to work with its local partner, Rochester-based Ambient Clinical Analytics. Ambient makes "real-time decision support tools" for doctors and nurses working in the ICU, operating room or emergency departments.

Mayo Clinic launched Ambient in 2013, and it named Al Berning as CEO. Berning is known in Rochester as a former IBMer, a co-founder of Pemstar and former CEO of Hardcore Computers/LiquidCool Solutions.

June 09, 2014

Mayo Clinic eliminates 14 nurse positions in Rochester

Mayo Clinic eliminated 14 discharge planning nurse positions in Rochester on June 2 in an effort to improve efficiency.

800px-Gonda_building,_closer_up"To improve service to patients and eliminate duplication of effort, Mayo Clinic is shifting some of the discharge planning work to other resources," explained Spokesman Bryan L. Anderson of why the Rochester positions were cut.

Anderson said that all 14 nurses impacted by the change were "offered the opportunity to select other nursing roles at Mayo Clinic."

He added that, "Some opted to retire/leave Mayo."

Unlike last week's announcement about Mayo Clinic Health Systems eliminating 188 medical transcriptionist positions in Wisconsin by outsourcing with a Madison company, the planning nurse nurse duties will not move outside the clinic.

Anderson said the discharge planning work has been shifted to other "internal resources."

Cambria brings its counterculture to downtown Rochester

A "counterculture" experience is coming to downtown Rochester in the form of a new Cambria showroom.

Le Sueur-based Cambria opened the doors of its new 2,400-square-foot "touch and feel center" at 400 S. Broadway in the Riverside Building today. (Monday, June 9)

Cambria is known for its high-end natural stone and quartz counter tops used in residential and commercial kitchens and bathrooms.

06092014cambriashowroomThe new Rochester center is focused on being a showroom for local contractors and partners like Warners' Stellian appliances to bring their clients to look at styles and colors of Cambria surfaces. However, individual homeowners are also welcome to stop in to check out the countertops.

"Rochester is such a vibrant community. It really is a good opportunity for us," said Peter Martin, Cambria's executive vice president of sales, marketing and business partner services.

He described company's investment to create the elaborate showroom in the former Rocco Altobelli Salon space along the Zumbro River as being in the "hundreds of thousands of dollars."

Martin says his company will have about five employees staff the downtown showroom, and another team of 10 based elsewhere in Rochester will handle Cambria's delivery and installation services.

Beside showing off its wares, Cambria plans to use the new site to develop strong ties with the Med City.

"It is our intent to focus on interacting on with community," he said.

The fact that the Rochester Symphony Orchestra & Chorale uses the patio outside of the showroom's windows for Coda, its popular summer series of outdoor music, was a major factor in Cambria choosing that spot, Martin said.

June 03, 2014

Mayo Clinic to cut 188 Wisconsin jobs

Mayo Clinic's cuts of medical transcriptionist jobs has spread into Wisconsin with 188 positions going away as part of an outsourcing contract to reduce costs.

Medical transcriptionists convert dictation from health care providers into written reports. They also review and edit medical documents created by speech recognition technology.

Mayo-1024x731Mayo Clinic Health System notified Wisconsin staff last week that it's contracting with Amphion Medical Solutions to handle all transcription services. The positions will be transitioned over the next few months and Mayo expects to completely shift the work to Madison, Wis.-based Amphion by Nov. 1.

The change will affect 51 transcriptionists from southwest Wisconsin where La Crosse serves as the hub and 137 from northwest and southwest Wisconsin where Eau Claire is the hub

Amphion has told Mayo Clinic that is would be willing to hire all of its outgoing transcriptionist, though it's unclear if that would require relocating to Madison-Wis. or how comparable the wages would be to what Mayo Clinic pays. The 13-year-old company is declining to discuss the issue citing Mayo Clinic Health System's request to field all questions.

Mayo Clinic also says the displaced workers can apply for other positions within the health system that might might fit their skills.

This shift will add up to 40 percent savings in transcription costs, according to Mayo Clinic.

An average medical transcriptionist salary in 2012 was $16.36 per hour or $34,020 per year, according to the U.S. Bureau of Labor Statistics.

This shift in Wisconsin follows last year's cuts of 82 medical transcriptionist jobs throughout seven southeastern Minnesota communities where Mayo Clinic Health Systems operate. Those cuts included 26 in Albert Lea, 18 in Austin, 17 in Owatonna, 4 in Faribault, 4 in Cannon Falls, 8 in Lake City and 5 in Red Wing.