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
Demand for Biomedical Research Space Drives Office-to-Lab Conversions
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.
St. John's University Breaks Ground on Health Sciences Center
St. John's University broke ground on the $106 million Health Sciences Center in New York in May of 2022. Located on the Queens campus, the 70,000-sf facility will provide state-of-the-art laboratories, active learning classrooms, and simulation suites to train the next generation of caregivers. Housing the School of Nursing and other allied health programs, the project will promote interprofessional education with flexible teaching venues where teams of students can work together.
Spelman College Begins Construction on Center for Innovation & the Arts
Spelman College began construction in May of 2022 on the $86 million Mary Schmidt Campbell Center for Innovation & the Arts in Atlanta. Designed by Studio Gang and Goode Van Slyke Architecture, the 84,000-sf facility will accommodate thriving programs in dance, documentary filmmaking, photography, music, and theater and performance. Opening onto a public plaza, the five-story building will include The Porch, a community-facing zone with a dance performance studio, a black box theater, an art gallery, and a café.
DLJ and Leggat McCall Open Somerville Life Sciences Facility
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.
Caltech Breaks Ground on Resnick Sustainability Center
Caltech broke ground in May of 2022 on the $100 million Resnick Sustainability Center in Pasadena, Calif. Designed by the Yazdani Studio of CannonDesign, the 79,500-sf building will house interdisciplinary laboratories that will be accessible to investigators and innovators from across the Caltech community. The collaborative three-story structure will initially accommodate four research hubs: