Posts Categorized: Philadelphia Life Sciences Lab Space

A Life Sciences and Lab Building at the Navy Yard, is Nearing Completion

Philly Life Sciences Navy Yard Almost Completed

Fast-growing French biotechnology company bioMérieux has outgrown its space at the University City Science Center and will relocate into 32,000 square feet at a building under development at the Philadelphia Navy Yard.  It’s the first lease signed for the new building at 1201 Normandy Place, a project scheduled to open in June. BioMérieux plans to… Read more »

Silicon Valley Bank Collapse Could Affect Philadelphia Life Sciences Companies

Life Science Companies in Philly May Be Affected by Bank Closing

Silicon Valley Bank’s failure — the largest in the U.S. since the 2008 financial crisis — has spawned shockwaves across the U.S. startup scene and sent some companies scrambling to secure funds for payroll and other expenses. The panic was sparked by the bank’s announcement that it planned to raise $2.25 billion after losing $1.8… Read more »

Spark Therapeutics Begins Work on Innovation Center in University City

Spark Therapeutics University City Philadelphia

Spark Therapeutics officially broke ground Tuesday on its $575 million Gene Therapy Innovation Center in University City — a project that will double the company’s physical footprint in Philadelphia. The more than 500,000-square-foot, six-story building at 30th and Chestnut streets on Drexel University’s campus is being designed to serve as the global gene therapy manufacturing… Read more »

Life Sciences Conversion Planned for Philly’s Quartermaster Site

Philly Life Sciences Conversion is Planned for the Quartermaster

Real estate company SkyREM plans to spend $250 million converting the historic Quartermaster site in South Philadelphia to a life sciences campus with restaurants and a hotel. The redevelopment would feature wet and dry lab space for research, development and bio-manufacturing.  The renamed Quartermaster Science + Technology Park is near the southwest corner of Oregon… Read more »

Cell & Gene Therapy Research In Philadelphia, PA

Cell & Gene Therapy Research In Philadelphia, PA

Cell & Gene Therapy Research in Philadelphia has become a very prominent medical process over the past few years, Philadelphia and the surrounding area have long been a center of medicine and life science discoveries but Cell & Gene Therapy have recently been acknowledged by many as a large part of the medical process in… Read more »

The State of CELL AND GENE THERAPY in the Greater Philadelphia Region

Greater Philadelphia consistently ranks near the top of desirable locations for Cell and Gene Therapy across all metrics. The metrics linked below analyze Greater Philadelphia’s position in the CGT sector against competitor locations as it relates to Research Infrastructure, Human Capital, Innovation Output, Commercial Activity, and Value Proposition. In the aggregate, Greater Philadelphia ranks 2nd… Read more »

Gattuso Secures Construction Loan for Life Sciences Building Drexel Campus

Gattuso Development Partners and Vigilant Holdings of New York have secured a $290 million construction loan for a major life sciences building set to be developed on Drexel University’s campus.  The funding comes from Houston-based Corebridge Financial, with an additional equity commitment from Boston-based Baupost Group, which is also a partner on the project.  Plans… Read more »

Inside Drexel’s New 12-story Health Sciences Building at uCity Square

Drexel University uCity New Life Sciences

With Philadelphia’s health sciences industry booming, Drexel University will now house all of its health care programs in one space: a 460,000-square-foot building on 36th and Filbert streets at uCity Square.  The new 12-story building, developed by Wexford Science and Technology in collaboration with Drexel and owned by Ventas, will be home to Drexel’s College… Read more »

Eagleview Leases New 110,000-SF Building to International Life Sciences Companies

Eagleview Development Life Sciences

Swiss and Chinese companies have signed long-term leases to occupy a 110,000-square-foot lab and flex space building under construction in Exton’s Eagleview development. Früh Verpackungstechnik AG, a medical packaging company based in Fehraltorf, Switzerland, will lease 63,500 square feet in the new building. China’s Frontage Laboratories, which already leases space in Eagleview, signed to lease… Read more »

University City is Running Out of Life Sciences Real Estate

Philly Life Sciences - University City

The life sciences industry is growing rapidly in Greater Philadelphia, and projects like Schuylkill Yards, developments like One uCity Square, hubs like the University City Science Center and companies like Spark Therapeutics have helped put University City at the center of the accompanying development boom.  University City neighbors Drexel University and the University of Pennsylvania are also… Read more »