Taconic Partners is transforming the urban landscape and revitalizing neighborhoods throughout New York City – defining how we live, work, consume and connect. Two of their most recent projects— Hudson Research Center and 125 West End Avenue—are building the life science subcluster on the West Side of Manhattan.
HUDSON RESEARCH CENTER
619 West 54th Street is a 322,000 square-foot, mixed-use building located on a through-block, between West 54th and 55th Streets and between Eleventh Avenue and the West Side Highway. The property was originally built in 1930 as a film-editing house for Warner Brothers Pictures and came to be known as “The Movie Lab Building.” Now known as the Hudson Research Center, the building is a hub for innovation and collaboration for the burgeoning New York City life sciences sector.
125 WEST END AVENUE
125 West End Avenue is an 8-story, 400,000-square-foot building at 125 West End Avenue. Previously built by the Chrysler Motor Company, the property is now poised to become a stateof- the-art, purpose-built research and laboratory complex, which will meet the growing and unmet needs of the rapidly expanding life sciences sector in NYC. Building on Taconic’s previous experience and knowledge, 125 West End Avenue will mark the next milestone in the growth of Manhattan’s West Side life sciences cluster.
Exciting, Breaking Update on New Investments in Life Sciences:
Science continues to be at the forefront of the nation’s dialogue, as demonstrated by President Biden’s established cabinet-level Office of Science & Technology.
In addition, last week, The U.S. Innovation and Competition Act passed the Senate by a final vote of 68-32. The legislation marks a major commitment to investing in U.S. research, development and innovation of frontier technologies such as biomedical research, artificial intelligence, robotics, quantum computing and synthetic biology. This includes $10 billion to build locally- driven regional technology hubs that will attract private sector investment and develop the local workforce. A summary of the provisions can be found here.
Finally, Mayor de Blasio and the NYC Economic Development Corporation (NYCEDC) just recently announced a plan to double the City’s $500 million investment in life sciences to $1 billion as part of LifeSci NYC, a commitment launched in the Mayor’s State of the City address to create jobs and establish New York City as the global leader in life sciences. This expanded initiative is expected to generate 40,000 jobs.
This new investment is just what New York City needs to emerge from the challenges of the pandemic and establish NYC as the global leader in life sciences! New construction won’t be far behind!
1:00 PM – 1:10 PM Welcome and Overview of the Meeting
- Nancy J Kelley, President & CEO, Nancy J Kelley + Associates, Steering Committee, NYC Builds Bio+
1:05 PM – 1:10 PM Introduction to Taconic Partnerss
Matt Weir, Executive Vice President, Taconic Partners
1:10 PM – 1:15 PM Life Science Market Dynamics
- Jonathan Schiffrin, Senior Vice President, CBRE
1:15 PM – 1:35 PM Hudson Research Center: Overview and Tenant’s Perspective
- Chun Leung, Assistant Vice President, Taconic Partners
- Jeff Wallerstein, CFO, New York Stem Cell Foundation
1:35 PM – 1:55 PM 125 West End Avenue: Overview
- Nate Bliss, Vice President, Taconic Partners
- Matt Malone, Principal, Perkins & Will
- Lauren Pavlat, Associate, Jaros, Baum & Bolles
1:55 PM – 2:00 PM Wrap-Up
- Matt Weir, Executive Vice President, Taconic Partners
2:00 PM – 2:30 PM Breakout Discussion Groups