Research Triangle Park (RTP) & the Triangle Biotech Cluster

[KJHburg]

one biopharma  company is expanding before its new plant  even opens

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@FujifilmDiosyn
 Diosynth Biotechnologies is adding 89K-square foot expansion with 145 more jobs at its Wake County site by 2024. This is distinct from $2B plant being built in Holly Springs by the pharma/therapeutics company controlled by Japanese & Danish firms.  

[KJHburg]

More on what I mentioned above from the Triangle Biz Journal

""Fujifilm Diosynth Biotechnologies continues to expand its presence in the Triangle.  After starting construction on its $2 billion manufacturing facility in Holly Springs last year, the pharmaceutical giant announced Wednesday it's expanding its footprint in Morrisville.  The Japan-based company, which operates as a contract development and manufacturing organization (CDMO) with its U.S. headquarters in Morrisville, is adding 89,000-square-feet of lab space to its BioProcess Innovation Center off Davis Drive. The company opened the 62,000-square-foot center in 2016 to support its clients with process invention, process design and development and product characterization.""

https://www.bizjournals.com/triangle/news/2022/01/05/fujifilm-diosynth-expanding-new-jobs-rtp.html

[KJHburg]

Not tired of winning yet.  another day another California based biotech company moving its headquarters to Raleigh!  Moving from Davis CA right outside of Sacramento 

https://www.wraltechwire.com/2022/01/06/marrone-bio-innovations-will-move-corporate-headquarters-to-raleigh-from-california/

interesting what they do

https://marronebio.com/

Press release 

https://marronebio.com/marrone-bio-relocates-corporate-headquarters-to-raleigh-north-carolina/

[rancenc]

New retail development in the Research Triangle Park.

https://www.themountaineer.com/news/state/thompson-thrift-retail-group-announces-34-million-publix-anchored-mixed-use-property-outside-raleigh/article_f2e007fb-a032-5d7b-9262-5f9af974d8e7.html

[Durham_Transplant]

Alexandria continues their RTP buying extravaganza. $80MM for a group of buildings at 104 TW Alexander. Seller paid only $20.5MM in December 2020. 70k square feet of existing space and room for up to 1MM square feet of additional development. Guessing based on the aggressive purchase price that they do indeed plan to develop a significant amount of additional space on the site.
 

TBJ Link

From the article: Alexandria Real Estate Executive Chairman and founder Joel Marcus said the company, based in Pasadena, California, plans to “bring several of our over 800 innovative client tenants and create a vibrant and updated mini campus for life science and clean energy.

[Mid South NC]

This may have been highlighted already, but Boxyard RTP is a pretty sweet eclectic spot at the heart of the park that shouldn't be missed. 

[rancenc]

Great article on the evolution of the biopharma industry in North Carolina!

https://www.biopharma-reporter.com/Article/2022/03/29/from-textiles-to-therapies-north-carolina-s-journey-to-a-booming-biotech-hub

[KJHburg]

California based biotech company chooses RTP for expansion.

""A California biosciences company is coming to the Triangle after closing a $68 million funding round.  San Francisco-based Brightseed, has developed an artificial intelligence-powered platform called Forager to discover bioactive compounds in nature and understand the impact they have on human health. Natural bioactive compounds are common in food and medicine, but only a small number have been identified. Brightseed aims to change this. The company will open a 12,500-square-foot facility that will support ingredient sales, manufacturing, quality assurance and medical and regulatory affairs. The space off Davis Drive will also include a small discovery lab.""

https://www.bizjournals.com/triangle/news/2022/05/31/brightseed-opening-rtp-facility-following-raise.html

[KJHburg]

New marketing website for HubRTP and new renderings of what could be up to 19 story office tower One RTP by KDC,

https://hub.rtp.org/app/uploads/2022/04/hub_office_brochure.pdf   Office brochure

https://hub.rtp.org/    the new heart of RTP is under construction and some parts like the Boxyard are open.

They need to build all 1200 apartments at once.

 

[KJHburg]

Raleigh Durham is 6th largest cluster of bio tech and bio pharma jobs.  (and the top 5 are MUCH larger metro areas)

https://wraltechwire.com/2022/06/15/triangles-demand-for-life-science-jobs-ranks-6th-among-top-markets-report-finds/

[Durham_Transplant]

We are really building our very own biotech corridor running from downtown Durham through RTP, Morrisville and all the way down to Holly Springs. It’s an amazing thing to watch happen in real time.

[Richhamleigh, DC]

On 6/15/2022 at 4:08 PM, KJHburg said:

Raleigh Durham is 6th largest cluster of bio tech and bio pharma jobs.  (and the top 5 are MUCH larger metro areas)

https://wraltechwire.com/2022/06/15/triangles-demand-for-life-science-jobs-ranks-6th-among-top-markets-report-finds/

It is truly remarkable.  Bio-agriculture as well.  All the rural areas surrounding the Triangle Core should be aware...there's a place for farms in this dynamic.  

[Durham_Transplant]

Potentially major news for the downtown Durham segment of the emerging Triangle biotech cluster.

https://commercialobserver.com/2022/06/life-sciences-sterling-bay-development-conversion-durham-nucci-kono/#slide1

“A source familiar with the deal revealed the Chicago-based firm paid $63 million for the shovel-ready development on 9.6 acres in downtown Durham, with plans to transform the Class C shopping center currently on the site into a landmark $500 million mixed-use campus. The project calls for 2 million square feet for life sciences companies and multifamily units, along with three acres of open recreational space.”

[DownEast]

Downtown has been inching over the freeway in earnest for a while now. Downtown Durham just has so much momentum moving in every direction. Never imagined Durham surpassing WS and Greensboro 30 years ago.  Even though most of RTP is in Durham County, it has always felt more Raleigh centric to me and nationally as well IMHO. In the last 10 years though with labspace in downtown expanding there is much more synergy with The Park. Now Durham as city has a name of its own outside of the Triangle or RDU.

[Raleigh Walker]

That is freakin GROOVY man, I love this announcement. I've been waiting for a major development on the opposite side of 147, I really hope this spurs additional activity with a few high rises! Seriously been wanting an area of the metro where you can drive on a highway with high rises on both sides of you. North Hills and downtown Durham are the only spots where that's really super viable near term, and I'm thinking this is a great jump start. I also work on biotech so it's exciting to see so much lab space being opened up. This region is becoming a true life sciences hub- it's easily the cheapest of all the other life sci metros like Boston, NY, San Fran, San Diego, etc

[KJHburg]

yes another HQ of this new kelp yarns moving from NYC very interesting firm!

https://wraltechwire.com/2022/06/29/nyc-producer-of-kelp-yarns-algiknit-moves-hq-to-triangle-and-just-closed-13m-series-a/

https://www.algiknit.com/who-are-we

[KJHburg]

this report says Raleigh Durham RTP is the 4th largest biotech hub in the nation.

https://wraltechwire.com/2022/07/07/triangle-ranks-as-4th-top-biotech-hub-in-us-according-to-new-report/

 

[KJHburg]

I don't think I have seen some of these renderings for HUBRTP these by architects Duda Paine     Looks great!  I will have to some next photos when I up that way and if you beat me to it thats great. 

 

https://www.dudapaine.com/portfolio_page/horseshoe-at-hubrtp/

[KJHburg]

Novo Nordisk biopharma is looking to add 200 jobs to its Clayton plants 

https://wraltechwire.com/2022/08/03/novo-nordisk-looking-to-hire-200-workers-in-the-triangle/

[rancenc]

Groundbreaking for new development in the RTP!!

https://www.cbs17.com/news/first-hub-rtp-project-starts-construction-more-projects-to-come/

[KJHburg]

Here is the marketing flyer for the Horseshoe at the Hub at RTP  it is exciting new part of the new downtown RTP. 

https://images1.loopnet.com/d2/DIh56hH__pbJRs5ssT144Del_FhErHe4lS2WwbrHzcs/HorseshoeHUB RTPBrochure3312022rs.pdf

[KJHburg]

HUB RTP in full construction and even the Wells Fargo branch was remodeled or rebuilt there.  the park area around a creek has been completed.  Boxyard is a good place to eat during the week. 

[KJHburg]

New plant coming to RTP by Fujifilm.

 ""FUJIFILM Corporation is investing $188 million in a cell culture media manufacturing facility in Research Triangle Park.

The president, CEO and representative director of the huge Japanese conglomerate, Teiichi Goto, said in a news release this morning that the 250,000-square-foot Wake County site in Research Triangle Park will be operated by FUJIFILM Irvine Scientific, Inc., one of the many subsidiaries of FUJIFILM Corporation.   The company has not revealed the number of employees it expects to hire at its new state-of-the-art manufacturing facility in RTP, but it will use only a portion of the 64 acres it owns at the site, which leaves plenty of room for growth.""

https://wraltechwire.com/2022/11/22/japanese-conglomerate-fujifilm-plans-new-jobs-188m-manufacturing-plant-in-rtp/

Looks like 100 new jobs

""Fujifilm Corporation is planning to invest $188 million in a new manufacturing facility that will create more than 100 jobs, the Japanese company announced Tuesday.

The company will build a cell culture media manufacturing facility to be operated by Fujifilm Irvine Scientific, a subsidiary dedicated to the development and manufacture of advanced cell culture solutions for research, bioproduction, cell therapy manufacturing, and medical applications.""

https://www.bizjournals.com/triangle/news/2022/11/22/fujifilm-irvine-scientific-rtp-nc-raleigh-facility.html

Edited November 22, 2022 by KJHburg

[KJHburg]

RTP scores again with a $450 M expansion of Eli Lilly plant there.  Adding 100 new jobs. 

https://investor.lilly.com/news-releases/news-release-details/lilly-plans-invest-additional-450-million-manufacturing-site

 

[KJHburg]

As one of the top biotech and biopharma clusters in the country the Triangle is featured here in this report.

https://www.cushmanwakefield.com/en/united-states/insights/life-science-report

to see what they say about the market specifically in the Triangle  click here

https://cushwake.cld.bz/2023-March-Life-Sciences-Update/21/