The University of South Florida broke ground on a $42 million innovation center in Tampa in March of 2020. Located in the USF Research Park, the 120,000-sf facility will provide researchers, entrepreneurs, and industry partners with leasable laboratory, office, and meeting facilities. Designed by Gensler, the three-story building will act as a catalyst for regional economic growth through the creation and commercialization of new technologies. Skanska is the construction manager for the integrated design-build project, with CBRE providing brokerage services. Upon completion in fall of 2021, the structure will increase the 112-acre Research Park’s space inventory from 349,807 sf to 469,807 sf.