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Elliot Park Incubator Building Opens

MINNEAPOLIS-The 60,000-sf four-story building recently opened at 700 S. 10th Ave. and will be a key element of the Minneapolis Lifesciences Corridor. United Properties will do the renovation, leasing and management.

By Jim McCartney | Updated on December 22, 2004

MINNEAPOLIS-After nearly two years of planning and preparation, Elliot Park Lifesciences Institute, the first dedicated business incubator in the Minneapolis Lifesciences Corridor, has opened at 700 S. 10th Ave. The 60,000-sf four-story building is skyway- and tunnel-connected to Hennepin County Medical Center and marks the north bookend of the Minneapolis Lifesciences Corridor.

The Lifesciences Building will be renovated, leased and managed by Bloomington, MN-based United Properties. The Lifesciences Building has since 1991 housed Midwest Orthopaedic Research Foundation, the Orthopaedic Biomechanics Laboratory and the Gustilo Medical Education Center. Drs. Kyle and Gustilo are orthopaedic surgeons and the cofounders of MORF and the laboratory and education center.

Bounded by Portland and 11th Avenues and Lake Street and S. 6th Street, the Minneapolis Lifesciences Corridor is included in the state’s Bioscience Tax Free Zone. The Corridor is a partnership of physicians, healthcare and medical research institutions, along with the City of Minneapolis.

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