Q&A
Interest from life science organizations for office and laboratory space
0:58:17
ยท
83 sec
Council Member Kevin Riley inquires about interest from life science organizations in the office and laboratory spaces planned for buildings B1 and B2. Julieanne Herskowitz responds by explaining the project's timeline and efforts to attract tenants.
- EDC released a Request for Expressions of Interest (RFEI) for a life science innovation anchor tenant
- $100 million support offered for building out modern life sciences space
- Focus on attracting world-class tenants working at the intersection of life sciences, AI, and tech
- Project completion expected in 2031
Kevin Riley
0:58:17
Most of the floor area in buildings b 1 and buildings b 2 are all excuse me, are allocated for office and laboratory space.
0:58:26
Understanding that this project is several years out from completion, have you received interest from any life science organizations eager to move into these spaces?
Julieanne Herskowitz
0:58:37
Thank you so much, chair, for that question.
0:58:40
That is right.
0:58:41
We are planning to build a 1,000,000 square feet of modern cutting edge life sciences space at this project.
0:58:47
We were pleased, earlier last year to release a life science innovation anchor tenant, RFII, so request for expressions of interest for the site.
0:58:57
Understanding that we are still quite a ways out looking at project completion in 2031, we were able to put forward as part of this request for expressions of interest a $100,000,000 to support the build out of a modern life sciences space, specifically trying to attract a a world class tenant that is working within life sciences industry and the intersection of AI and tech.
0:59:24
So that is an open, you know, request for proposals that I can't speak to the details of right now, but just part of our commitment to ensure that we tenant up the space, and are actively working to attract this life sciences industry to the future of Spark Hips Bay campus.