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DanRNC

Research Triangle Park (RTP) & the Triangle Biotech Cluster

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7 hours ago, KJHburg said:

Life sciences and pharma are better suited with large floorplates for labs and many are in 1 or 2 story buildings.  In the old Wework space in Durham ID they are doing some lab space in there but that is the exception.  

Longfellow recognizes a strong market for additional lab space in downtown Durham proper. Converting 100,000 square feet of nearly new office space (formerly occupied by WeWork) into wet lab space, in the new ID district, is a costly endeavor; this is in addition to their recently announced office-to-labs conversion in Morrisville. The easiest thing would have been to release it as office space. 

 

Other large downtown Durham buildings with mixed office and lab space include:

The Gregson (202 S Gregson Street):  218,000 sq feet

The Chesterfield (701 W. Main Street): 286,000 sq feet

 

Per Longfellow:

“Durham is one of the nation’s fastest growing hubs for life science innovation. We are executing a strategic plan for Durham.ID that will serve top companies and research institutions in the region, and bring more jobs to an already dynamic market,” said Longfellow Partner Jessica Brock. “The labs we are building, ranging in size from 8,000 to 10,000 square feet and larger, will address a critical need within Downtown Durham for high-quality lab space, and will complement the incubation spaces that are currently available.”

The company is currently building out the space on spec as demand for lab space around the Triangle continues to grow.

“There's really been a lack of supply in that diverse ecosystem,” Brock said. “As a developer we want to not only build that ecosystem in the suburbs but in downtown Durham. We're proactively building the labs. We’re not waiting to sign the lease.”

 

 

 

5 minutes ago, SlackJack said:

 

 

 

Edited by SlackJack
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Outside the Triangle but close in Greenville Thermo Fisher adding 500 jobs at their plant there in a $500 M expansion which is the largest econ development project ever I think in Pitt County and Greenville.

500 jobs, $500M in investment coming to Thermo Fisher plant in Greenville | WRAL TechWire

Pharma jobs coming to NC in droves and this is a great thing for the state as a whole and of course the Triangle area.  

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4 hours ago, KJHburg said:

YET another bio tech job announcement .   200 new jobs being added avg. $120,000 year Dallas based  gene therapy firm picks Durham for its expansion.

Jobs paying nearly $120,000 coming to Durham County in biotech expansion | WRAL TechWire

Taysha Gene Therapies Adds $75M, 201 Employee Manufacturing Site in Durham | North Carolina Biotechnology Center (ncbiotech.org)

Great news in the fact that is also a TX based company.  TX seems to be gaining a lot of momentum from companies looking to move from CA in a more centralized location in the country and with lower overhead for doing business.  Glad to see that companies based in that state or looking outside for expansion opportunity especially in a growing industry!

 

Edited by rancenc
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Read this profile of a biopharma exec in Morrisville and look at his quote: CEO of Locus Biosciences 

""I’m 100 percent convinced of that. I’ve been an executive in California-based Fortune 500 companies and I’ve been an executive in companies that have also been here in Research Triangle Park. There’s something interesting about RTP for our field that most people don’t see immediately: this is the world headquarters in research for biopharma. All of the major contract research organizations that run clinical trials are here, all the major manufacturing contract outsourcers are here, the talent inside RTP is just phenomenal.""

Executive Voice: Fighting infections pays off for Locus Biosciences - Triangle Business Journal (bizjournals.com)

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59 minutes ago, KJHburg said:

another week another biopharma announcement this one from Germany chooses Raleigh over Boston for its US headquarters.  

German biopharma firm picks Triangle over Boston for new HQ | WRAL TechWire

They're currently scouting for office space. Just in time for both Two Glenwood and Smoky Hollow II office buildings to be completed. I wonder if they're going to pick RTP or pick something like Smoky Hollow which would naturally appeal more to someone that is used to Berlin mid-rising urban office blocks.  

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Not tiring of posting these new bioscience announcements with new jobs yet but here is YET another 200 job operation coming to Durham. California based firm average salary 90K

 

Adverum Biotechnologies picks Durham for 200-job, $80M expansion - Triangle Business Journal (bizjournals.com)

chose Durham over Massachusetts and California (easy choice if you ask me) 

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Hello, I wrote a guest post for Building Bull City on developments in RTP and I thought it would be good to share here. Many of the projects have been covered here but would just echo the sentiment that this is an absolutely remarkable period for the area.
 

Link

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