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
MIT Plans New Academic Facilities
The Massachusetts Institute of Technology (MIT) is planning several new academic facilities. The Ray and Maria Stata Center for Computer Information and Intelligence Sciences will unite computer science and electrical engineering programs in a 447,000-sf building scheduled for completion in 2004. The Dreyfus Building, housing the chemistry department, will be gutted and renovated by 2003. Student housing for about 1,000 students will be provided in two new dorms. The 130,000-sf Zesiger Sports and Fitness Center is scheduled to open in 2002.
Strayer University Relocates to Court House Metro
Strayer University has plans to expand and relocate its 1,200-student Arlington campus to a planned three-story building located on top of the Court House Metro station. The university will occupy the top two floors (30,000 sf) of the 54,000-sf building. The project, which is set to open in fall of 2002, is under development by the Arlington-based Jenco Group. Construction is expected to get under way in fall 2001.
Elan Considers SoCal Consolidation
Elan Corp., based in Dublin, Ireland, may consolidate New Jersey and San Francisco units of its pharmaceuticals division at a new North American headquarters in Sorrento Valley, where its recently-acquired Dura Pharmaceuticals is located. Plans would include expanding research space at the existing facility and possibly constructing an additional structure nearby. Elan focuses on drug development for pain management, cancer, and neurological disorders.
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EOS Builds New Facility in South San Francisco
EOS, a private genomic research company, will relocate from its 31,000-sf space in South San Francisco, to a 82,000-sf building at Slough Estates USA's $250 million development at Oyster Point. Construction of the facility is scheduled to begin in July 2001.
Southeast Texas BioTech Park Seeking Funds
The Southeast Texas BioTechnology Park, a $633 million project announced in February, is seeking funds to continue. The 15-building complex, to be built over 20 years, is backed by a coalition including institutions at the Texas Medical Center, biotechnology companies, professional groups, and governmental entities.