NYC biotech developments garner buzz

TRD New York /
Oct.October 20, 2010 01:30 PM

From left: renderings of BioBAT in Brooklyn and Alexandria Center for Life Science

The construction of two new biotechnology centers in the city is spurring hope that New York City could become a hub of scientific activity, according to the New York Times. The Alexandria Center for Life Science, a $200 million, 310,000-square-foot commercial laboratory developed by Alexandria Real Estate Equities, sits on the corner of 29th Street and First Avenue. While the facility has only signed one tenant so far — Eli Lilly and Company, a pharmaceutical company that has taken 90,000 square feet — Alexandria founder Joel Marcus said he’s planning to build two new towers nearby. If the two additions are completed, the complex could reach 1.13 million square feet. The other commercial lab, which has only completed its first phase of construction, is the planned 1.8 million-square-foot BioBAT complex in the Brooklyn Army Terminal. The biotech center, which is being developed through a partnership between the New York City Economic Development Corporation and the SUNY Downstate Medical Center, doesn’t have any tenants signed on yet. [NYT]

 

Related Articles

arrow_forward_ios
Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?
Dropbox CEO Drew Houston (Getty)

Dropbox announces employees will permanently work from home

Dropbox announces employees will permanently work from home
(iStock)

Is winter coming? Real estate stocks dragged down by 4th week of market decline

Is winter coming? Real estate stocks dragged down by 4th week of market decline
Dell CEO Michael Dell, Google CEO Sundar Pichai and Tesla CEO Elon Musk (Getty; iStock)

CRE is doing better in cities where tech dominates

CRE is doing better in cities where tech dominates
Simon Property Group CEO David Simon and ShopShops CEO Liyia Wu (LinkedIn; iStock)

Simon Property Group livestreams merchandise in new partnership

Simon Property Group livestreams merchandise in new partnership
The Real Deal's E.B. Solomont

Future City: A weekly guide to everything proptech

Future City: A weekly guide to everything proptech
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...