https://therealdeal.com/2018/04/02/v...redevelopment/
Vornado, Related target life-sciences tenants for Farley Post Office redevelopment
Joint venture is looking to tap into high-growth sector
April 02, 2018
Quote:
Vornado Realty Trust and the Related Companies are targeting biotechnology and pharmaceutical tenants for their redevelopment of the Farley Post Office Building.
The joint venture hired a broker from Boston, which has a more mature life-sciences industry, to develop a marketing strategy to attract such tenants to the 900,000-square-foot office-and-retail project, the Wall Street Journal reported.
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Quote:
...while New York has long had first-rate medical and research institutions, limited lab space has made it difficult to retain life-science startups.
The high cost of building upgrades and zoning requirements have left the city with just 2.8 million square feet of rentable lab space, compared to 16.2 million square feet in New Jersey and 26.8 million square feet in the greater Boston area, according to JLL.
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More on the city's efforts in regards to that...
http://rew-online.com/2018/03/29/lif...g-island-city/
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Last edited by NYguy; Apr 2, 2018 at 2:30 PM.
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