Alexandria Center for Life Science Inaugurates New York City Bio Cluster
12/03/2010
"New York City has all the makings of a major center for commercial life science - an unparalleled work force, top academic and medical institutions, and prime access to investment capital - but we've lacked sufficient state-of-the-art commercial lab space to capitalize on those advantages. The new Alexandria Center for Life Science is addressing that need in a major way," Mayor Bloomberg said.
New York City owns the three-acre site that will ultimately include a 1.1 million-square-foot campus. The city contributed $13.4 million in capital funds for the project, while the state contributed $27 million for infrastructure. The Partnership for New York City's economic development branch will give $15 million for tenant improvements, and the U.S. Economic Development Administration will offer another $2 million.
The core and shell building designs and construction are LEED Silver certified.
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