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November 9, 2008
Science Park has winning formula
crain's
Steve Garmhausen
Drug development company NaniRx Therapeutics will soon outgrow its 2,000-square-foot space near Columbia-Presbyterian Medical Center. In years past, the company would have been considering a move outside the city.Instead, executives have their eyes on what's likely to become one of New York's hottest neighborhoods for biotechs: the East River Science Park.
The development “is going to allow us to stay in New York City,” says David Cohen, chief executive.
Larger developments, including the $4 billion, 8 million-square-foot Atlantic Yards in Brooklyn and the $15 billion, 26-acre Hudson Yards on the West Side, are drawing more attention than the Science Park. But its Manhattan location and narrow focus are likely to make it a hot spot for small firms that work in the bioscience world. That includes not only biotechs, but law firms and the investment banks that serve them.
article
NoLandGrab: Fascinating - a proposed development that actually has prospective tenants in mind? Isn't it more fun to just say "if we build it they will come...or the government will bail us out?"
Posted by amy at November 9, 2008 11:55 AM