New York City Opens Major Life Science Hub

Dec 6, 2010 | Contact Author | By: Katie Schaefer
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Title: New York City Opens Major Life Science Hub
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The Alexandria Center for Life Science—a science park connecting academia, medical institutions, scientific talent, investment capital and life science entrepreneurs in one complex—has opened in New York as part of the collaboration between Michael R. Bloomberg, mayor of New York; Sheldon Silver, assembly speaker; Robert K. Steel, deputy mayor for economic development; and Alexandria Real Estate Equities. 

The new 310,000-square-foot, 15-floor facility on Manhattan’s east side (450 E. 29th St., New York) is the first of three buildings to be developed as part of Alexandria’s newest life science cluster campus. The entire center, once completed, will be a 1.1-million-square-foot campus.

The openness of the campus design is expected to foster the collaborative environment within the life science community as it develops therapies and medical products for tomorrow. In addition, the facility will feature a digital conference and event center, which will attract major corporate and social event organizers as well as life science industry event planners.

“With access to the city’s hospitals, universities, labs and bioscience companies, this center will help transform ideas into products and technologies that will improve people’s lives, while creating jobs and opportunities that will strengthen our economy,” commented Silver, in a press release.

According to the report, the Alexandria Center already has attracted companies such as Firmenich, Eli Lilly and Company, ImClone Systems and Kadmon Pharmaceuticals, a world-class neuroscience translational research institute and a top pharmaceutical innovative unit.

As the personal care industry is constantly drawing inspiration from other industries, as well as collaborating to spur new innovation, this center could serve as a source of inspiration for new ideas to advance product development in the industry.