Industry News

The Davis Companies and Boston Development Group broke ground in August of 2021 on a purpose-built life sciences building in Watertown, Mass. The joint-venture project will offer 224,000 rsf of Class A research space for biomedical and pharmaceutical tenants. Designed by Elkus Manfredi Architects, the facility will provide next-generation laboratories, offices, a fitness center, a shared rooftop balcony, six private outdoor areas, and ample indoor parking accessible directly beneath the building.

Howard University will begin construction in 2023 on the National Research Center for Health Disparities in Washington. Accelerating the discovery of new solutions for chronic illnesses, the 260,000-sf facility will provide sophisticated laboratory and office environments where academic investigators can engage in collaborative discovery with pharmaceutical companies and biomedical research organizations.

Precision NanoSystems is constructing its global headquarters in Vancouver, British Columbia. Located in the four-story Evolution Block building, the 75,000-sf leased facility will feature a GMP biomanufacturing center for the production of genetic medicines and RNA-based therapeutics. The federal government has contributed CAD$25.1 million in funding towards the project's construction to increase the nation's domestic supply of COVID-19 vaccines and prepare for future pandemics.

The University of Pittsburgh at Bradford broke ground on the $18 million Engineering & Information Technologies Building in August of 2021. Designed by HED and LPA Partners to enable team-based learning and discovery, the 39,000-sf facility will provide engineering labs and shops, computer labs, large group classrooms, a data center, and offices for faculty and staff. All building functions will open towards a two-story collaborative center to enhance interaction, visibility, and accessibility.

Vermeulens has released its market outlook report for the second quarter of 2021. Key points include: