Wednesday, September 28, 2011

Biomed Firm Breaks Ground on $100M Expansion in University City

"The Wistar Institute, a biomedical research company specializing in cancer research and vaccine development, has broken ground on a seven-story, 89,700-square-foot research tower which will rise above its current facility at 36th and Spruce streets in University City, PA.

The expansion will enable Wistar, currently constrained by aging facilities that its president and CEO Russel E. Kaufman described as "designed for 19th and 20th century science," to expand its research operations, recruit new scientific faculty and pursue collaborative biomedical research in emerging areas of science.

Scheduled for completion in spring 2014, the $100 million expansion project will support 380 construction jobs and is expected to create 100 new research and administrative jobs.

"We designed our new building specifically to foster interactions between researchers in the kinds of multidisciplinary collaborations that spark innovation and drive results," Kaufman said.

Five of the floors will house laboratories with flexible, open floor plans designed to support team science. Each floor will accommodate up to four principal investigators and their laboratory staffs. The new labs, along with the recruiting up to 10 new faculty members with expertise in promising new areas of biomedical research, will enable the institute to increase the capacity of every team working on genetics, vaccines and cancer research.

The expansion will create a new public entrance to the institute on Spruce Street and a 200-seat auditorium. Funding for the project includes an $18 million Redevelopment Assistance Capital Program grant from Pennsylvania; a capital campaign, and $70 million in debt financing through Citizens Bank.

Ballinger is serving as project architect and engineer and L. F. Driscoll, LLC is handling construction management."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.