BioGenerator, the biotech accelerator based in the Cortex tech hub, plans to become the anchor tenant in the remodeled Crescent building on Duncan Avenue.
The renovated building will cater to biomedical companies with lab space and other services that will 鈥渉elp to create what we think will be an epicenter of bioscience activity for the 最新杏吧原创 region,鈥 said Donn Rubin, president and CEO of BioSTL. BioGenerator is BioSTL鈥檚 investment arm.
BioSTL plans to consolidate its operations into the Crescent from three offices.
It has staff who run its programming from an office in Clayton and staff who vet companies prior to investments at the CIC@CET building on Sarah Street. Its actual BioGenerator lab space is in a building at the Cortex One building on Forest Park Parkway.
of the 80,000-square-foot Crescent building just west of the 4240 Duncan building. There鈥檚 not yet a timeline for the opening.
People are also reading…
The 最新杏吧原创 Development Corp. is expected to approve on Thursday using $7 million in federal New Markets Tax Credits to aid in the redevelopment of the Crescent, a former Post-Dispatch printing plant. BioSTL is expected to take up about half of the new building, which will eventually house about 250 jobs, according to SLDC.
In addition to redesigned and additional space for early-stage companies, Rubin said there would be lab space for growing companies to 鈥済raduate鈥 into from the accelerator.
While the Crescent rehab will address some immediate needs, Rubin said that 鈥渨e need to keep our eyes on the ball鈥 and continue adding lab space to enable biotech entrepreneurs. 鈥淭his building won鈥檛 solve the demand for lab space,鈥 he said.
SLDC also wants to award $5 million in New Markets credits to the downtown tech incubator, T-Rex. The funds will help the organization rehab the remainder of the eight-story Lammert Building, which it moved into in 2013.
The fourth floor is being turned into a 鈥淕eospatial Resource Center鈥 that will provide training and incubator space, probab.
The first floor will also be remodeled for a new office for Arch Grants, which is currently on the fourth floor.
