Manhattan's Biotech Bid

Can a California REIT find happiness (i.e., tenants) for a big biotech building on the East River?

1 minute read

December 22, 2005, 8:00 AM PST

"Maybe itâ€™s the fact that the East River Science Park will be New York Cityâ€™s largest biotech campus. Or it could be that the $700-million project is being built on spec. Whatever the reason, its 872,000 square feet seems like an awful lot of space to fill.

Then again, if the planned science park fulfills the cityâ€™s goal of jump-starting a true commercial bioscience industry, the 3.7-acre campus, in the Kips Bay neighborhood between First Avenue and the FDR Drive, could start to seem very small to its tenants."

Thanks to Peter Slatin

FULL STORY: Manhattan Bids For Biotech

Thursday, December 22, 2005 in The Slatin Report

Community / Economic Development Urban Development New York

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