{"id":1004677120,"date":"2023-08-23T03:44:08","date_gmt":"2023-08-23T11:44:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677120"},"modified":"2023-08-23T05:33:53","modified_gmt":"2023-08-23T13:33:53","slug":"170m-boston-scientific-project-in-minneapolis-moves-forward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/170m-boston-scientific-project-in-minneapolis-moves-forward\/","title":{"rendered":"$170M Life Science Project Gets Green Light"},"content":{"rendered":"<div id=\"attachment_1004677194\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004677194\" data-attachment-id=\"1004677194\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/170m-boston-scientific-project-in-minneapolis-moves-forward\/1-scimed-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg\" data-orig-size=\"997,793\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1 Scimed Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The new building in Maple Grove, Minn., will be near Boston Scientific\u2019s existing campus. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg?w=997\" class=\"wp-image-1004677194 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg?w=300\" alt=\"The new building in Maple Grove, Minn., will be near Boston Scientific\u2019s existing campus\" width=\"300\" height=\"239\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg 997w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg?resize=300,239 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/1-Scimed-Place.jpg?resize=768,611 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004677194\" class=\"wp-caption-text\">The new building in Maple Grove, Minn., will be near Boston Scientific\u2019s existing campus. <em>Image courtesy of CommercialEdge<\/em><\/p><\/div>\n<p><strong>Boston Scientific Corp.<\/strong> has received city council approval to build a 400,000-square-foot life science and office building in Maple Grove, Minn., a suburb of Minneapolis, according to public filings. The project will occupy 46 acres and is set to serve as a divisional headquarters campus. It is valued at $170 million, as reported by multiple sources.<\/p>\n<p>The building will take shape in the city\u2019s gravel mining area and may include a 150,000-square-foot expansion in the future. It will be located between Hemlock Lane and Highway 169, within access range of interstates 94 and 694. It will be roughly 20 miles northeast of Minneapolis.<\/p>\n<h2>Creating medical tech jobs in Minnesota<\/h2>\n<p>The proposal developed under the alias \u201cProject Black Bear,\u201d but the medical technology manufacturer confirmed to <em>CCX Media <\/em>its role behind the project. The company is aiming to obtain $4.2 million in state funds and almost $1.8 million from the Job Creation Fund, the same source shows, after having received $6.4 million in tax-increment financing from the city. The development is slated to create 109 jobs through 2025, with an additional 147 jobs in the following two years. The company is the largest employer in the city, already employing some 4,000 people, the <em>Mass Device <\/em>reports.<\/p>\n<p>Boston Scientific already has a research &amp; development and manufacturing facility in Maple Grove, which spans 697,866 square feet and was completed in 1993, according to CommercialEdge data. As the company has been expanding nationally and growing its operating capabilities, it had recently <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-scientific-inks-207-ksf-prelease-in-atlanta\/\">signed a long-term prelease<\/a> for a manufacturing and supply chain facility spanning 207,000 square feet in Atlanta.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Scientific\u2019s suburban development will rise close to an existing campus.<\/p>\n","protected":false},"author":3120,"featured_media":1004677194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,13,36076,21742,21747],"tags":[51274],"class_list":["post-1004677120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-midwest","category-minneapolis-st-paul","category-latest","category-office","tag-boston-scientific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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