Brown fills space in Wexford building as RI grows biotech hub - The Providence Journal

2 years ago 44

PROVIDENCE -- Developer Wexford Science and Technology is turning the apical 2 floors of its state-subsidized bureau gathering connected Dyer Street into laboratory abstraction aft Brown University agreed to lease 1 of those floors, the schoolhouse announced Thursday.

Brown is going to usage the 31,000 quadrate feet it is leasing successful the 196,000-square ft gathering astatine 225 Dyer St. to grow its aesculapian and biotech probe activity.

Earlier this period Brown announced that it would lease 20,000 quadrate feet of laboratory abstraction successful a future State Health Lab gathering planned for a vacant batch adjacent door.

The Dyer Street gathering that Wexford calls 225 Point was pitched arsenic a hub for the beingness sciences manufacture successful erstwhile politician Gina Raimondo's 2014 run and received $35 cardinal successful authorities subsidies nether her administration.

But since it opened successful mid-2019, the seven-story gathering has been lone partially occupied and the apical 2 floors person not been used. Brown's School of Professional Studies is already a tenant successful the building. The largest tenant is the Cambridge Innovation Center.

With Brown's committedness to lease the sixth level for 10 years, Wexford has agreed to crook the sixth and seventh floors into "wet lab" abstraction and seeks a tenant for the seventh floor, a Brown University quality merchandise said.

Asked wherefore Brown is leasing labs successful Wexford's gathering and planned State Health Lab alternatively of leasing the aforesaid magnitude of abstraction successful 1 of those buildings, University spokesperson Brian Clark said the schoolhouse is fundamentally parceling retired its investments to maximize the fig of facilities that get built successful the neighborhood.

"In each of these improvement projects, we are aiming not conscionable to unafraid needed abstraction for Brown and successful peculiar for beingness sciences research, but to enactment arsenic a catalyst successful helping to marque the projects a reality," Clark wrote successful an email. "The certainty that comes with tenancy from a Rhode Island anchor instauration is important to backstage developers, and we anticipation that the world enactment we undertake successful these spaces serves arsenic a gully for different tenants, peculiarly with a biomedical focus."

In summation to the Wexford Building and aboriginal State Health Lab, Brown is besides a anchor tenant successful the South Street Landing nursing halfway analyzable connected the different broadside of Dyer Street, wherever it has 400 employees. Brown's Warren Alpert Medical School Laboratories for Molecular Medicine and School of Public Health are besides successful the Jewelry District and this summertime Brown began enactment toward readying an "integrated beingness sciences building in the neighborhood.

Last week the Rhode Island Foundation released a program with House Speaker K. Joseph Shekarchi to make a caller authorities bureau for investing successful the section biotech industry.

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