James Cook University began construction in March of 2021 on the AUD$94 million Technology Innovation Complex in Townsville, Queensland. Designed by KIRK Architects in association with i4 Architecture and Charles Wright Architects, the four-story, 101,180-sf building will provide flexible multimodal environments for STEM programs in science, technology, engineering, and mathematics.
Vibalogics is creating a 110,000-sf facility for the production of oncolytic viruses, viral vector vaccines, and viral vector gene therapy products in Boxborough, Mass. Supporting late-phase clinical and commercial manufacturing operations, the highly flexible structure will include 2,000-liter bioreactors, multiple cGMP production suites, offices, warehouse space, and labs for research, development, and quality control. The $150 million project involves the renovation of an existing R&D building previously occupied by Cisco Systems.
Texas Biomedical Research Institute is planning to construct the $10 million Nonhuman Primate Animal Facility in San Antonio. The 45,000-sf building will provide the Southwest National Primate Research Center with additional laboratories and animal housing environments, enabling TBRI to double its population of rhesus macaques. The United States currently faces a shortage of nonhuman primates for biomedical research, with the COVID-19 pandemic highlighting the need for animal models to test the safety and efficacy of new therapies, vaccines, and diagnostics.
The life sciences sector is experiencing an era of unprecedented growth driven by a surge in both public and private funding combined with a post-pandemic sense of urgency and market opportunity. According to a report released by Newmark in January 2021, more than 36 million sf of new construction is expected to be delivered in the nation’s top 14 life science markets, as life science investments more than triple. While demand for life science and biotech facilities has been growing steadily over the past decade, the COVID-19 crisis heightened national awareness around the need for increased research, diagnostic, and domestic manufacturing capabilities. Investors are also seeing significant potential in the future of personalized medicine, genomics, and other life science-related fields, as emerging technologies and research disciplines converge.
Vermeulens has released its market outlook report for the fourth quarter of 2020. Key points include:
Construction Prices: Remain flat through Q4 of 2020, with one in ten projects showing cost reductions with strong contractor coverage across the board.
Fed Watch: The Federal Reserve continued monetary stimulus.
Architectural Billings: Q4 has returned to growth in inquiries; however, three quarters of billing declines in 2020 will result in a lower volume for the first half of 2021.
The University of British Columbia is planning to construct the CAD$136 million School of Biomedical Engineering Building on the Point Grey campus in Vancouver. The 151,305-gsf facility will accommodate teaching and research labs, collaboration spaces, meeting rooms, and offices. Featuring innovative learning venues for undergraduate and graduate programs, the building will provide classrooms, a 250-seat lecture hall, and a central atrium for informal learning and interaction.
Boylston Properties and J.P. Morgan Asset Management began construction in January of 2021 on a 165,600-sf life sciences facility in Watertown, Mass. Located in the Arsenal Yards district, 100 Forge will be the first purpose-built laboratory building in the city. The joint venture development team has secured a $100.1 million construction loan for the project.
Caltech dedicated the $210 million Tianqiao and Chrissy Chen Neuroscience Research Building in January of 2021 in Pasadena. Designed by SmithGroup to promote interdisciplinary collaboration, the 150,000-sf facility provides wet, dry, and computational research labs for the Division of Biology and Biological Engineering. Standing three stories above grade with two basement levels, the structure includes teaching labs, a neurotechnology lab, a 150-seat lecture hall, conference rooms, and offices for investigators and staff.
Civica Rx began construction in early 2021 on a $124.5 million pharmaceutical manufacturing center in Petersburg, Va. Created in collaboration with Phlow Corp., the 120,000-sf plant will produce sterile injectables for the treatment of COVID-19, emergency room and intensive-care unit treatments, surgeries, and other serious conditions. The facility will feature steam sterilization capabilities, disposable technologies, and advanced automation systems for visual inspection and packaging.
The University of Texas at San Antonio broke ground in January of 2021 on a $90 million facility for the School of Data Science and the National Security Collaboration Center. Designed by Jacobs and Overland Partners, the six-story, 167,000-sf structure will provide the School of Data Science with 86,000 sf of classrooms, labs, and offices for the departments of computer science, computer engineering, statistics and data sciences, and information systems and cybersecurity.
BioMed Realty is planning to create a life sciences innovation campus in Somerville, Mass. The project includes the renovation of an existing 162,000-sf office building and the construction of new facilities on an adjacent 7.5-acre parcel. Offering leasable environments for biomedical, pharmaceutical, and technology companies, the Assembly Square complex will provide 1.3 million sf of research, corporate, and retail space. The mixed-use development will feature multiple roof terraces and a one-acre public park. BioMed Realty acquired the property in early 2021.
The University of Miami is constructing the $60 million Frost Institute of Chemical and Molecular Science in Coral Gables, Fla. Designed by Harvard Jolly Architecture, the five-story, 94,000-sf facility will include a central gathering area, seminar rooms, a microscopy imaging suite, innovation labs, and investigator offices. The highly flexible structure will feature open wet lab environments with moveable benches and fixtures. Overhead service carriers will supply power and gas to the lab benches for optimal reconfigurability.
Universal Robots is partnering with Mobile Industrial Robots to create a research and development campus in Odense, Denmark. Designed by 3XN to promote knowledge exchange and enhance employee wellbeing, the 215,000-sf Cobot Hub will offer flexible modules that can be tailored to provide the two companies with specialized labs, workshops, maker spaces, and open office environments.
Canadian developer Oxford Properties has expanded its real estate portfolio in the United States with the acquisition of four new assets. Representing an investment of $276 million in the burgeoning life sciences industry, the purchase included a total of 415,000 sf of existing space and associated developable land. Oxford Properties plans to spend an additional $500 million to repurpose, renovate, and expand the four structures to create leading-edge lab and office environments for biomedical tenants.
Western Colorado University opened the Paul M. Rady School of Computer Science and Engineering in Gunnison in January of 2021. Designed by Farnsworth Group with Research Facilities Design (RFD) as laboratory design consultant, the 75,000-sf building provides experiential learning classrooms, laboratories, instrumentation suites, lecture halls, collaboration spaces, faculty offices, and a central gallery with a canted glass curtainwall.
