Research Triangle Park (RTP) & the Triangle Biotech Cluster

[Subway Scoundrel]

An unnamed company in Cary will be filing for an IPO-could it be SAS? Details to follow.....

I don't see this. Could be. I have some contacts over there and they have mentioned nothing.

I don't see the push to make SAS public like in the late 90s when they hired an ex-IBMer and he was run out of there.

[Subway Scoundrel]

An unnamed company in Cary will be filing for an IPO-could it be SAS? Details to follow.....

I don't see this. Could be. I have some contacts over there and they have mentioned nothing.

I don't see the push to make SAS public like in the late 90s when they hired an ex-IBMer and he was run out of there.

[DanRNC]

^It wasn't SAS but a smaller company that entered the Canadian Stock Market.

[davidals]

Silicon Valley is not an office park. It is a huge area that runs North to South in between 2 parallel lines of mountains. It can be said that SV is the area of land or

[DanRNC]

Here's a story on the Hamner Institute in TBJ. Looks like this facility may become the future of pharmaceutical research with some many companies cutting R&D.

Article

The only facility similar to this would be Mission Bay (UCSF and UC-Berkley collaborating with Genentech).

Edited June 18, 2007 by DanRNC

[DanRNC]

It looks like RTP only has 530 acres remaining and is developing strategies on what to do with existing land and acquiring additional land.

Story

[DanRNC]

Also, it looks like the old EPA building is, in fact, currently being demo'ed which probably means that the federal data center most likely will be located there.

[DanRNC]

Story on the "fortress" coming down. Glad to see it go as it was truly an eyesore.

Story

[ChiefJoJo]

Whether the data center is built their or not, that building needs to go ASAP. There are certainly much better uses for the property now.

[DanRNC]

The Triangle has 2 sites that have made it to final site selection for the Bio/Ag defense facility.

Story

[tjoad]

Tri Properties to build HQ for Quintiles

The project, Imperial Plaza, is to include a 10-story, 252,000-square-foot office building and a 207-room, eight-story Westin Hotel off Interstate 40 at Page Road.

[ncwebguy]

I'm guessing this will go on the land they've been clearing out to the southwest of the Page/I-40 intersectoin.

Putting a Westin there will bring serious competitoin to the Sheraton Imperial, and will be closer to RTP than the Umstead.

Does anyone know if Quintels owns their offices on 54 near 540? If so, do they have any plans for that land once employess move to this building? It could be a good mixed use site, if done right.

[ncwebguy]

The "outer ring" of the fortress has started coming down. I don't think any of it will be left. I think they are reusing some buildings close to 40, but i don't know if anythign will be done with the rest of the land closest to 54 and Alexander

I am not sure if the data center contract was won yet, either.

[Subway Scoundrel]

I'm guessing this will go on the land they've been clearing out to the southwest of the Page/I-40 intersectoin.

Putting a Westin there will bring serious competitoin to the Sheraton Imperial, and will be closer to RTP than the Umstead.

Does anyone know if Quintels owns their offices on 54 near 540? If so, do they have any plans for that land once employess move to this building? It could be a good mixed use site, if done right.

yes I have seen the clearing and wondered what is going in this place. It is front and center in that cluster of buildings/roads.

[urbanvb]

Here is the rendering:

[DanRNC]

Biolex is actually filing for a $70 million IPO for listing on Nasdaq. Also Icagen is cutting a potential billion dollar development deal with Pfizer-don't know if this will be an eventual buyout or not.

[DanRNC]

Wyeth is investing $50 million to expand their facilities in the Triangle.

[Subway Scoundrel]

Wyeth is investing $50 million to expand their facilities in the Triangle.

I am in the wrong business

I am sitting in a meeting right now with talks about cutting costs, cutting people and elimanation....not growth.

[DanRNC]

^Not all roses. One day expansion, the next layoffs. You have to have a strong stomach for pharma/biotech.

[DanRNC]

Another pharma company is relocating its HQ to the Triangle.

Story

[rooster8]

The article doesn't elaborate, but it's good to see some jobs will head to New Hanover and Mecklenburg as well.

[Gard]

Great to see another biotech company moving to the Triangle. This goes to show you how much clout that the Triangle is gaining in this sector. If this company has locations all over the world, there is the possibility that we could gain another destination to fly to from RDU if they so fly to particular places a lot.

[DanRNC]

The expansion of Quintiles may spur additional flights as employment should reach up to about 5000, with many being relocations from international offices. Speaking of Quintiles, I am wondering if PRA's move to the Triangle may be a play for this company to eventually be bought out by Quintiles or PPD, the 2 largest CROs in the world.

PRA news release

The company (PRA) is scouting locations along Glenwood Rd. and Creedmoor Rd. for their HQ relocation.

Edited September 26, 2007 by DanRNC

[DanRNC]

Another researcher from the Triangle wins a Nobel Prize. This time its Oliver Smithies from UNC. Glad he won as he is a very nice guy.

Story

UNC News Release

Edited October 8, 2007 by DanRNC

[ChiefJoJo]

News from last week: Fidelity expanding in RTP.

Fidelity last year bought 269 acres in RTP, with plans to complete a campus by 2011. The data center could free up land for more offices.

Fidelity is expected to have 3,000 Triangle employees by the end of 2009. And 300 acres is a lot of dirt for so few employees. IBM, after all, fit 13,300 employees on its 800-acre campus in 2004.

Fidelity, however, is not tipping its hand. "Right now the plan is to bring in 2,000," in addition to 1,000 employees who were already here when the expansion was announced, Shamrell said.