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
Merck Builds New Longwood Research Facility
Merck & Co. Inc. has selected the Boston office of Bovis Lend Lease to provide construction management of the Merck Research Center in the Longwood Medical Area. The 12-story, 390,000-sf facility is slated to open in 2004 and will house biology and chemistry labs, a 285-seat auditorium, administrative offices, a six-level below-ground parking structure, and space for mechanical equipment.
Iomega Eyes SoCal For Relocation
Iomega Corp. of Utah is considering locations in Southern California for relocation of its headquarters. The high capacity diskette, drive, and data storage maker is favoring Orange County sites over San Diego at present, due to the grouping of data storage companies in the area and a large labor pool. In addition to relocating some of the 500 employees currently housed at the firm's headquarters near Salt Lake City, Iomega hopes to draw new staff that were previously deterred by location. Some Utah facilities will be retained in the move.
Signature Bioscience Seeks San Francisco Headquarters
Signature Bioscience is seeking between 70,000-sf and 80,000-sf in San Francisco for its headquarters, currently housed in 27,000-sf in Hayward and 28,000-sf in Richmond. The Richmond facility may be retained in the relocation. Draws for a San Francisco headquarters include the new UC San Francisco Mission Bay campus and its planned life science campus. Catellus Development Corp., developer of the life science facility, has estimated completion of the 155,000-sf building in 2002, not timely for Signature's move.
University of Maryland Develops CARB I & II
The University of Maryland's Shady Grove campus in Rockville is planning to begin expansion of its Center for Advanced Research in Biotechnology (CARB) in March 2002. The current 88,000-sf facility will be joined by another four-story, 140,000-sf building dubbed CARB II. The $38 million project is designed by architects Burt Kosar Rittelmann Associates of Pennsylvania, with construction company Barton Malow of Southfield, Mich., as general contractor. The facility is slated for completion in 2004.
Texas A&M University at Corpus Christi Plans New Facilities
Texas A&M University at Corpus Christ plans to develop a new classroom and lab facility with $34 million in funds, part of a $1 billion revenue bond initiative for new projects in Texas. The Hart Research Center for Gulf of Mexico Studies is also slated for development with the grant. The center brings the perspectives of bio-diversity and economic sustainability to bear on issues relative to the Gulf of Mexico.