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GlobeSt.com UPDATE: Boston Scientific Unveils $50M, 131,000-SF Expansion

MAPLE GROVE, MN-The medical device firm says that the expansion could be larger yet, and that even after the project is completed, it still has room for an additional 250,000-sf building.

By Jim McCartney | Updated on February 22, 2004

MAPLE GROVE, MN-Boston Scientific has unveiled its plans to spend $50 million to build and outfit a 131,000-sf building at its divisional headquarters campus on Scimed Place that includes a 120,000-sf research and development center and an 11,000-sf training and conference facility. The Natick, MA-based medical device said it has hired Kraus Anderson, the Minneapolis-based company, to build the new facility. Kraus will break ground this April. Completion is expected in September 2005. Architect for the new building is Hagen Christensen McIlwaine.

The City of Maple Grove has agreed to provide $700,000 in tax increment financing for infrastructure improvements to the site and $250,000 in road improvements to handle the increased traffic. Company officials hint the expansion may end up being even larger once it debuts in September 2005.

“We have the potential to grow well beyond what we’ve scoped out today,” says Paul LaViolette, head of the cardiovascular division. For instance, the local campus still has room for an additional 250,000 sf new space at beyond the new building.

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