Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Longfellow Breaks Ground on Avia Labs in Millbrae
Longfellow Real Estate Partners broke ground in February of 2023 on Avia Labs in Millbrae, Calif. Designed by Flad Architects, the 479,000-sf life science facility will provide 315,000 rsf of Class A lab and office space arranged in a 50:50 ratio. The six-story building will also house state-of-the-art conference rooms, a fitness center, and a publicly accessible café. JLL has secured a $310 million construction loan for the project, which will integrate an advanced HVAC system supplying 12 air changes per hour.
Gattuso Development Breaks Ground on Philadelphia Life Sciences Center
Gattuso Development Partners and Vigilant Holdings broke ground in February of 2023 on a $450 million life sciences center in Philadelphia. Located in the University City district on the campus of Drexel University, the 11-story, 519,647-rsf building will provide wet and dry research labs for the creation of novel therapeutics and medical technologies. Drexel will occupy 60,000 sf in the collaborative structure to enable the growth of core R&D functions and selected academic programs.
NexCore Plans Global Energy Park
NexCore Science & Technology will begin construction in fall of 2023 on the 400,000-sf Global Energy Park in Golden, Colo. Strategically sited within walking distance of the U.S. Department of Energy's National Renewable Energy Lab, the 9.3-acre development will offer leading-edge environments for the discovery and commercialization of clean energy technologies. Tenants will benefit from access to NREL's research ecosystem including computing equipment, testing resources, and visualization capabilities.
Apollo and GeneSuites Create Catalyst BioCampus
Apollo Global Management is partnering with GeneSuites to create the Catalyst BioCampus in Holly Springs, N.C. Located in the Oakview Innovation Park, the 446,000-sf development will provide high-performance shell space where life science companies can accelerate the production of next-generation therapeutics. Apollo and GeneSuites paid $40.5 million in December of 2022 for the property, which comprises two 105,000-sf buildings and seven acres for future expansion.
University of Texas at San Antonio Opens School of Data Science and National Security Collaboration Center
The University of Texas at San Antonio opened the $91.8 million San Pedro I building in January of 2023. Designed by Jacobs and Overland Partners, the six-story, 167,000-sf structure provides the School of Data Science with 84,000 sf of classrooms, labs, and offices for the departments of computer science, computer engineering, information systems and cybersecurity, and statistics and data sciences.