The University of Huddersfield is planning to construct the National Health Innovation Campus in Huddersfield in the United Kingdom. The transformative development will integrate teaching, research, and outpatient care facilities to optimize health outcomes in the Yorkshire and Humber region and nationwide. Designed by AHR Architects, the first phase of construction will create a new home for the Health and Wellbeing Academy.
Breakthrough Properties began construction in August of 2022 on the One Canal life sciences center in Cambridge, Mass. Designed to accommodate either a single tenant or multiple companies, the project involves the renovation of an existing structure to provide 105,000 sf of best-in-class biomedical research space. Occupants will enjoy private outdoor meeting venues, integrated retail amenities, and a fitness center.
Longfellow Real Estate Partners broke ground in August of 2022 on a 323,000-sf life sciences center in San Diego. Designed by HOK, the six-story Bioterra development will provide leading-edge laboratories, offices, and collaboration spaces for biomedical and pharmaceutical tenants. Occupants will enjoy a lush rooftop patio offering inspiring views, with specially curated food and beverage options on the lower levels open to the public.
BioMed Realty is constructing a 495,000-sf life sciences facility at Assembly Innovation Park in Somerville, Mass. Designed by Perkins&Will, the 12-story lab and office tower will provide leasable research environments for biomedical, pharmaceutical, and technology companies. With a floor-to-floor height of 15 feet, the building will offer floor plates of approximately 45,000 sf serviced by robust mechanical and electrical infrastructure.
The University of Washington and Gonzaga University opened the $60 million Health Partnership Building in Spokane in August of 2022. Located at the gateway to the Gonzaga campus, the interdisciplinary center collocates students and faculty from both institutions to create new opportunities for learning and discovery. The 90,000-sf facility offers interactive classrooms, teaching and research labs, faculty offices, a fitness hub, and a state-of-the-art anatomy suite.
Lincoln Property Company is planning to break ground in early 2023 on a 650,000-sf life sciences center in Boston. Designed by Arrowstreet, Moody Nolan, and Studio Eneé, Seaport Circle will provide Class A lab and office environments for biomedical and pharmaceutical tenants. Two adjoining towers topped by green roof decks will offer flexible, column-free floor plates ranging from 25,000 sf to 70,000 sf.
Hobbs Brook Real Estate opened a 507,000-sf life sciences complex in June of 2022 in Waltham, Mass. Designed by Gensler, the five-story facility provides state-of-the-art research labs, Class A office environments, and a 150-person conference venue. Integrating advanced mechanical and electrical systems, the highly flexible structure offers column-free floor plates that can be configured to support large single-floor tenants or multiple smaller tenants, with amenities centralized in the core.
Conscience Bay Company is planning to construct the Ridgeway Science & Technology facility in Boulder, Colo. Designed by Stantec to foster discovery and innovation, the two-story, 112,423-sf development will offer flexible lab and office environments complemented by collaboration spaces, outdoor terraces, shower and locker rooms, secure bike storage, and a café with a fire pit. The high-performance structure will integrate robust mechanical and electrical systems to meet the demands of next-generation research programs.
The University of Pennsylvania and Longfellow Real Estate Partners are planning to construct a 455,000-sf life sciences center on the Pennovation Works property in Philadelphia. Designed by Jacobs, the project will include three structures providing a total of 387,000 sf of R&D space and 68,000 sf of biomanufacturing space for the production of cell and gene therapies.
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.
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.
AstraZeneca is partnering with Boston Properties to create a 570,000-sf R&D center in Cambridge, Mass. Strategically sited in the Kendall Square life sciences district, the 16-story building will offer leading-edge lab environments for the discovery of new biomedical therapies and vaccines. Accommodating a total of 1,500 employees, the leased facility will also house the corporate headquarters of Alexion Pharmaceuticals, a subsidiary of AstraZeneca.
Elanco Animal Health broke ground in April of 2022 on its global headquarters campus in Greenfield, Ind. Designed by RATIO Architects and CSO to serve as the foundation of a planned animal health epicenter, the $100 million complex will support collaborative R&D with business incubator High Alpha and AgriNovus, the state of Indiana’s food and agriculture initiative.
George Mason University broke ground in April of 2022 on Fuse at Mason Square in Arlington, Va. Designed by EYP Architecture & Engineering, the $243 million facility will accommodate the Institute for Digital Innovation and graduate programs for the School of Computing. Seamlessly integrating academic, research, and commercial endeavors, the 345,000-sf building will drive collaboration among students, faculty, industry, and government partners to discover new solutions for the world’s grand challenges.
Vermeulens has released its market outlook report for the fourth quarter of 2021. Key points include:
