$170M Life Science Project Gets Green Light

The new building in Maple Grove, Minn., will be near Boston Scientific’s existing campus. Image courtesy of CommercialEdge

Boston Scientific Corp. 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.

The building will take shape in the city’s 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.

Creating medical tech jobs in Minnesota

The proposal developed under the alias “Project Black Bear,” but the medical technology manufacturer confirmed to CCX Media 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 Mass Device reports.

Boston Scientific already has a research & 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 signed a long-term prelease for a manufacturing and supply chain facility spanning 207,000 square feet in Atlanta.