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NYCLifeSci campus (Deerfield)

Deerfield Management Company, L.P. is investing $635 million to create a transformative life sciences campus in New York City, designed to integrate the capabilities of innovators from academia, government, industry and the not-for-profit sectors to tackle unmet needs in healthcare. Deerfield additionally announced that it intends to commit more than $2 billion in research and seed funding by 2030 to develop much-needed new and innovative medicines and treatment solutions. As the foundation of this bold undertaking, Deerfield has acquired the 345 Park Avenue South property, which boasts more than 300,000 square feet. The site, designated a NYCLifeSci campus, will bring together scientists, entrepreneurs and leading organizations from around the world to work shoulder-to-shoulder to conceive of and develop new treatments and better ways to prevent and defeat disease. The campus will provide turnkey laboratories, and engineering and computing space, as well as other amenities and supportive services. The $540 million in financing for the acquisition and renovation of this world-class facility was led by Blackstone Real Estate, which has been a strong supporter of life sciences. The building construction and programming is being backed by the New York City Economic Development Corporation and Industrial Development Agency. It is expected to be in move-in ready condition for Deerfield and other innovators in healthcare by early 2021. *

 

Period Start 2019-09-26 announced
  Group Deerfield (Group)
Products Industry business park management / science park management
  Industry 2 real estate
     
Region Region New York, NY
  Country United States (USA)
  Street 345 Park Avenue South
  City n. a. New York, NY
    Address record changed: 2019-10-11
     
Basic data Employees n. a.
     
    * Document for »About Section«: Deerfield Management Company L.P.. (9/26/19). "Press Release: Deerfield Management Brings Together Scientists, Entrepreneurs and Leading Companies to Form the New York-Based Healthcare Innovation Campus". New York, NY.
     
   
Record changed: 2019-10-11

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