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
Demand for Biomedical Research Space Drives Office-to-Lab Conversions
Growing demand for life sciences research space is driving an increase in office-to-lab conversion projects in the United States. According to a new report from CBRE, office-to-lab conversions in progress in the 12 largest U.S. life sciences markets at the end of 2021 amounted to 9.9 million sf, up 49 percent from the beginning of the year. In comparison, ground-up lab construction rose by 42 percent to nearly 18.8 million sf by the end of 2021.
St. John's University Breaks Ground on Health Sciences Center
St. John's University broke ground on the $106 million Health Sciences Center in New York in May of 2022. Located on the Queens campus, the 70,000-sf facility will provide state-of-the-art laboratories, active learning classrooms, and simulation suites to train the next generation of caregivers. Housing the School of Nursing and other allied health programs, the project will promote interprofessional education with flexible teaching venues where teams of students can work together.
DLJ and Leggat McCall Open Somerville Life Sciences Facility
DLJ Real Estate Capital Partners and Leggat McCall Properties opened a 289,000-sf life sciences facility in Somerville in May of 2022. Designed by SGA and Hashim Sarkis Studios, the nine-story structure provides Class-A lab and office environments supported by robust mechanical and electrical infrastructure. Offering flexible floorplates with column-free spans of 35,000 sf, the sustainable development is targeting LEED Gold and WiredScore Platinum certifications.
Caltech Breaks Ground on Resnick Sustainability Center
Caltech broke ground in May of 2022 on the $100 million Resnick Sustainability Center in Pasadena, Calif. Designed by the Yazdani Studio of CannonDesign, the 79,500-sf building will house interdisciplinary laboratories that will be accessible to investigators and innovators from across the Caltech community. The collaborative three-story structure will initially accommodate four research hubs:
George Mason University Breaks Ground on Life Sciences and Engineering Building
George Mason University broke ground in May of 2022 on the $84 million Life Sciences and Engineering Building in Manassas, Va. Located on the Science and Technology Campus in Prince William County, the 133,000-gsf facility will accommodate STEM-H programs in science, technology, engineering, mathematics, and health sciences.