AstraZeneca is investing $300 million to establish a cell therapy manufacturing facility in Rockville, Md. Developed by Alexandria Real Estate Equites, the Class A+ property is located in the vibrant innovation ecosystem of the Alexandria Center for Life Science at Shady Grove. AstraZeneca has executed a 13-year lease for the entire 84,264-rsf building.
Alexandria Real Estate Equities opened a 215,000-sf life sciences center in early 2024 in San Francisco’s Mission Bay district. Designed by IwamotoScott Architecture in association with DGA and Powell Architecture, the seven-story building provides 133,000 sf of Class A lab space, 50,000 sf of office space, and 2,600 sf of ground-level retail.
Breakthrough Properties broke ground in February of 2024 on a 175,000-sf life sciences center in Cambridge in the United Kingdom. Designed by Henning Larsen and Feilden+Mawson, the five-story building will offer modern, flexible laboratories with integrated write-up areas. Vitrum by Breakthrough will also provide world-class offices, meeting rooms, collaboration spaces, and amenities. On the ground floor, a spacious lobby will open onto a landscaped square, complemented by outdoor terraces on the upper levels.
The University of California is transforming a former shopping mall into a vibrant destination for research and innovation in Los Angeles. Purchased for $700 million from Hudson Pacific Properties and Macerich in December of 2023, the reimagined Westside Pavilion will collocate the California Institute for Immunology and Immunotherapy and the Center for Quantum Science and Engineering in the planned UCLA Research Park.
Marshall University opened the Brad D. Smith Center for Business and Innovation in January of 2024 in Huntington. Designed by Perkins Eastman, the 77,000-gsf facility provides the Lewis College of Business with state-of-the-art finance and computer labs, a maker space, offices, study areas, and a 360-seat auditorium. Technology-enabled classrooms that range in size from 32 to 96 seats are furnished with flip-top nesting desks on wheels for optimal flexibility.
Trammell Crow Company is developing Science Square in Atlanta to provide Georgia Tech with state-of-the-art facilities for learning, research, and innovation. Ground was broken in September of 2023 on the third phase of construction at the site, a 416,500-sf complex with two towers linked by a shared circulation core. Envisioned as a vertical quad, this dynamic social zone will offer myriad collaboration venues with a large gathering area for presentations and events.
Wexford Science + Technology will break ground in mid-2024 on Brightwork, the anchor building for the University of Washington’s planned innovation district in Seattle. The 345,000-sf facility will be constructed by Wexford for an estimated cost of $282.5 million, with UW investing $72 million for tenant improvements. After an 80-year lease, the 11-story structure will revert to university ownership.
Aviva Investors began construction in December of 2023 on a three-story, 60,000-sf life sciences facility in Cambridge, U.K. Located in the Chesterford Research Park, the Sidney Sussex Building will provide 10 individual suites with fully fitted wet labs and open office areas that range from 2,226 sf to 8,409 sf. A dedicated floor of shared conference rooms will promote collaboration and exchange, complemented by inspiring outdoor settings for informal interaction.
The $388 million Surat Diamond Bourse opened in December of 2023 to provide a vibrant corporate destination for Gujarat’s diamond industry. Surpassing the Pentagon in size, the 7.1 million-sf complex includes nine 15-story towers linked by a central spine. Approximately 4,700 modular offices that can also serve as cutting and polishing workshops will support the endeavors of over 65,000 diamond professionals.
Prince Street Partners is planning a 282,000-sf life science complex in Redwood City, Calif. Designed by Brick, now part of HGA, the project involves the adaptive reuse of an existing 85,000-sf building and the demolition of two other structures. A new five-story, 197,000-sf facility sited atop a two-level garage will be constructed to provide leasable lab and office environments for BSL-1 and BSL-2 research programs.
HITT Contracting will relocate its headquarters to a planned 270,000-sf development in Falls Church, Va. Designed by Gensler, the six-story facility will advance the firm's aspiration to redefine the future of construction through innovation, partnership, and sustainability. The project involves the transformation of an existing office structure, previously a satellite campus operated by Virginia Tech, into a collaborative educational hub for the built environment.
The Georgetown Company is planning to construct a 185,000-sf life sciences center in the Hell's Kitchen district of Manhattan in New York City. Created in partnership with Beacon Capital and ZoE Life Sciences, the seven-story facility will provide purpose-built research environments for biomedical and pharmaceutical tenants. The highly collaborative structure will offer flexible floorplates starting at 31,000 sf that can accommodate a variety of lab and office configurations.
University of Nebraska Medical Center Breaks Ground on Campus Operations and Research Excellence Building
University of Nebraska Medical Center broke ground in November of 2023 on the $105 million Campus Operations and Research Excellence (CORE) building in Omaha. Designed by LEO A DALY, the six-level, 180,870-gsf structure will feature three stories of state-of-the-art wet labs, including a 30,800-sf floor for research programs in oncology, drug discovery, and other strategic priorities. Approximately 61,600 sf of leasable shell space will accommodate private tenants or supply additional capacity for future growth.
Touchstone is constructing the Chapter Buildings in Seattle to provide Class A lab and office environments in the heart of the University District. Created in partnership with Portman Holdings and Lionstone Investments, the mixed-use project includes the creation of two buildings linked by an 8,000-sf pedestrian thoroughfare. Tenants will enjoy large, open floor plans of up to 31,000 sf with abundant natural light and operable windows.
Breakthrough Properties broke ground in October of 2023 on a 210,000-sf life sciences center in Oxford in the United Kingdom. Designed by Niazi Roden, Trinity by Breakthrough will provide 160,000 sf of Class A lab and office environments complemented by world-class amenities. The six-story facility will offer flexible floorplates of up to 40,000 sf serviced by robust mechanical and electrical systems. A jettied ground floor will create sheltered areas for informal interaction and exchange while maximizing the public outdoor landscape.