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
Vibalogics Creates Virotherapy Manufacturing Facility
Vibalogics is creating a 110,000-sf facility for the production of oncolytic viruses, viral vector vaccines, and viral vector gene therapy products in Boxborough, Mass. Supporting late-phase clinical and commercial manufacturing operations, the highly flexible structure will include 2,000-liter bioreactors, multiple cGMP production suites, offices, warehouse space, and labs for research, development, and quality control. The $150 million project involves the renovation of an existing R&D building previously occupied by Cisco Systems.
Texas Biomedical Research Institute Plans Nonhuman Primate Animal Facility
Texas Biomedical Research Institute is planning to construct the $10 million Nonhuman Primate Animal Facility in San Antonio. The 45,000-sf building will provide the Southwest National Primate Research Center with additional laboratories and animal housing environments, enabling TBRI to double its population of rhesus macaques. The United States currently faces a shortage of nonhuman primates for biomedical research, with the COVID-19 pandemic highlighting the need for animal models to test the safety and efficacy of new therapies, vaccines, and diagnostics.
Vermeulens Releases Q4-2020 Market Outlook
Vermeulens has released its market outlook report for the fourth quarter of 2020. Key points include:
Construction Prices: Remain flat through Q4 of 2020, with one in ten projects showing cost reductions with strong contractor coverage across the board.
Fed Watch: The Federal Reserve continued monetary stimulus.
Architectural Billings: Q4 has returned to growth in inquiries; however, three quarters of billing declines in 2020 will result in a lower volume for the first half of 2021.
University of British Columbia Plans School of Biomedical Engineering Building
The University of British Columbia is planning to construct the CAD$136 million School of Biomedical Engineering Building on the Point Grey campus in Vancouver. The 151,305-gsf facility will accommodate teaching and research labs, collaboration spaces, meeting rooms, and offices. Featuring innovative learning venues for undergraduate and graduate programs, the building will provide classrooms, a 250-seat lecture hall, and a central atrium for informal learning and interaction.
Boylston Properties Partners and J.P. Morgan Begin Construction on Watertown Life Sciences Facility
Boylston Properties and J.P. Morgan Asset Management began construction in January of 2021 on a 165,600-sf life sciences facility in Watertown, Mass. Located in the Arsenal Yards district, 100 Forge will be the first purpose-built laboratory building in the city. The joint venture development team has secured a $100.1 million construction loan for the project.