CIC Set to Double Lab Benches as uCity Square Also Expands

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A new expansion will make CIC (Cambridge Innovation Center) in uCity Square, Philadelphia, the largest shared wet lab space on the East Coast. Slated to complete later this year, the expansion will double the number of benches in CIC from 200 to over 400, said Michelle Ottey, Ph.D., managing director of CIC.

Spark Therapeutics to Invest $575M in New 500k Square Foot State-of-the-Art Gene Therapy Innovation Center on Drexel’s University City Campus

Spark Therapeutics logo
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Spark Therapeutics, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY) and a fully integrated, commercial gene therapy company dedicated to challenging the inevitability of genetic disease, today announced plans to invest an initial $575M in the creation of a new, state-of-the-art gene therapy innovation center on Drexel University’s campus in the heart of Philadelphia’s University City neighborhood.

Federal Realty Plans to Offer Employers Amenity-rich Space at 935 Prose

Photo of the planned 935 Prose Street building
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Federal Realty, the developers of Pike & Rose, recently announced the development of 935 Prose Street, a 10-story building right near the intersection of Montrose Parkway and Rockville Pike. The building adds to the company’s recent foray into the biotech space, with another project at Assembly Row in Somerville, Massachussetts. Ignoring the market demand for real estate in this sector the last few years was near impossible, said Federal Realty’s VP of Development, Jay Brinson. 

Federal Realty Plans 10-Story Life Science Facility at Pike & Rose to Fuel Extension of Montgomery County’s Life Science and Biotech Corridor to North Bethesda

Federal Realty Investment Trust Logo
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North Bethesda, Md. (December 1, 2021) – Federal Realty Investment Trust (NYSE:FRT) is setting the new standard for life science facilities with plans for an iconic, amenity rich 935 Prose, located in the heart of North Bethesda’s Pike & Rose. The project will be designed by internationally acclaimed architect, Gensler, and the 10-story state-of-the-art building will extend the biotech corridor beyond Shady Grove to Pike & Rose, the premier transit-oriented destination for shopping, dining, living, and working in Montgomery County.

South Duvall and Sagamore Ventures Team Up to Bring High-End Lab Space to Baltimore’s Port Covington

Photo of City Garage in Baltimore
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Last week South Duvall and Sagamore Ventures announced that they have formed a partnership to bring more than 100,000 square feet of high-end laboratory space to City Garage in Baltimore’s Port Covington over the next ten years. Approximately 75,000 square feet of space is set to be delivered in the next year alone.

Secretary of Commerce tours new I-270 Innovation Labs, flexible lab space meeting critical industry need

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From left to right: Kelly Shultz – Secretary of Commerce, State of Maryland; Luis Rugeles – Co-founder & CEO, I-270 Innovation Labs; and Doug Bane – Co-founder & COO, I-270 Innovation Labs.

CRB Group Has Hand in Providing Space for Philadelphia’s Life Sciences Ecosystem

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The Amicus facility encompasses 75,000 square feet of the top three floors of a new building located on Market Street in Philadelphia. The space includes office space, as well as state-of-the-art laboratories. It’s expected to provide space for approximately 200 researchers and drug developers focused exclusively on gene therapies. 

MCEDC RELEASES ACTION PLAN TO ACCELERATE ECONOMIC GROWTH IN MONTGOMERY COUNTY, MARYLAND

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The Montgomery County Economic Development Corporation (MCEDC) has released the report findings of an expert Economic Advisory Panel to develop a consensus strategy to grow the economy of Montgomery County, Maryland. The report, entitled Connecting the Dots: Accelerating Economic Growth in Montgomery County, Maryland, offers an action plan of the immediate steps necessary to transform Montgomery County’s economic climate into the top tier nationally.