Last week the University of Miami Life Science and Technology Park officially opened marking the beginning of a major biotech center in South Florida. When completed in its entirety the project will be composed of five buildings totaling 2 million square feet; possibly making it the largest building in all of South Florida.B Phase one, which is currently complete includes 252,000 of the projected 2 million square feet.
According to Mayor Gimenez the biotech center will provide Miami-Dade County with the ability to take a firm stance in the biotech industry. He also stated that it will bring diversity to the local economy and create much needed new jobs.
Although a hub for biotech and health the park will also include tenants. A few of the 14 that have already signed on includeB Andago, a Spain-based information technology firm,B Novak Druce + QuiggB an intellectual property firm, and Community Blood Centers of South Florida. Currently there are also two retail tenants the UPS store and Balan’s.
What are your thoughts on the opening of theB Life Science and Technology Park?
Soure: The Real Deal
Tags: commercial real estate, Commercial Real Estate Trends, retail occupancy trends, South Florida commercial real estate, South Florida commercial real estate services
