Creating Specialized Life Science and Lab Space in New York City
The life science industry in New York is poised for rapid growth but is constrained by the lack of available, affordable laboratory space in locations that allow a “clustering” effect, creating synergies where research, investment, and technology transfer can take place to spawn new companies. The shortage of supply is further complicated by the lack of knowledge and understanding among the New York real estate community about the potential for the market, the specialized infrastructure required by life science companies, and the financial components of development and lease transactions of life science companies.
Learn More About Real Estate Needs for Life Science Facilities
The premiere Life Sciences 2018 Real Estate Development Symposium, held at the New York Academy of Sciences on June 12th, was a sold-out success. The Symposium’s speakers examined the progress and potential that New York City has for the life sciences industry, providing discussions and exclusive insights on industry drivers, requirements for space and characteristics of life science real estate and the state of life sciences in New York City. The symposium was especially timely since the City of New York has just announced its intention to establish an Applied Life Sciences Hub in New York City, the flagship project of LifeSci NYC, a 10-year, $500 million commitment to New York City’s life science sector. This symposium was the first meeting in a series of meetings intended to serve as the catalyst for more targeted initiatives that the New York City life science real estate community could pursue. All proceeds from the symposium were dedicated to supporting the launch of the newly created Builds Bio+ initiative.
Agenda
8:00 AM – 8:30 AM – Registration and Continental Breakfast
8:30 AM – 8:45 AM – Welcome
- Overview of the Meeting, Mitchel W. Simpler, PE, Managing Partner, Jaros, Baum & Bolles
8:45 AM – 9:00 AM – The 21st Century Will Be the Century of Biology
- Overview of the Changing Life Sciences Industry, Nancy J Kelley, JD/MPP, President and CEO, Nancy J Kelley + Associates
9:00 AM – 9:50 AM – Implications for New York City
- Moderator: John Powers, Executive Vice President, Boston Properties
- How does New York City Stack Up? Where does NYC Stand in the Life Sciences Industry? Steve Purpura, Vice Chairman, Managing Director of Life Sciences Consulting Group, CBRE
- What is NYC EDC’s Vision for the Life Science Infrastructure Initiative and the Applied Life Sciences Hub? Doug Thiede, Senior Vice President, Healthcare and Life Science, New York City Economic Development Corporation
- What are the Site Selection Criteria for Life Sciences Real Estate and What are the Priority Geographies in New York? Bill Harvey, Managing Director, Newmark Knight Frank
- What are the Building Characteristics Required for Life Sciences? Steven Gifford, AIA, Principal, Perkins Eastman
- Life Sciences in the Hudson Square Portfolio, Matt Ashbaugh, Managing Director, Hines
9:50 AM – 10:20 AM – What Can New York City Learn from the Competition?
- Moderator: William Harris, AIA, LEED AP, Perkins + Will
- David Manfredi, FAIA, CEO & Founding Principal, Elkus Manfredi Architects
- Rob Albro, Managing Director, King Street Properties
- Bill Kane, Senior Vice President, Biomed Realty
10:20 AM – 10:50 AM – Break
10:50 AM – 11:15 AM – The Traditional Opportunity: What Are the NYC Academic Institutions Doing in Life Sciences Development?
- Moderator: John Sabey, Chief Executive Officer, Sabey Corporation
- Patrick J. Burke, FAIA, Assistant Vice President, Capital Project Management, Columbia University Medical Center
11:15 AM – 11:30 AM – The New Opportunity: Reimagining New York City Using Biology, Grimanesa Amorós, Interdisciplinary Artist
11:30 AM – 12:10 PM – Emerging Unique Opportunities for Life Sciences in New York City
- Moderator: Tommy Craig, Senior Managing Director, Hines
- The Emerging World of Grown Materials, Suzanne Lee, Founder, Biofabricate
- Learn, Create, Grow, Genspace and the Biodesign Challenge, Daniel Grushkin, Executive Director and Co-Founder, Genspace
- GP-write and the Center of Excellence for Engineering Biology, David Whelan, Nancy J Kelley + Associates
- JLABS, Kate Merton, Head of JLABS @ NYC
12:10 PM – 12:50 PM – Lunch
12:50 PM – 1:30 PM –Commercial Opportunities for Life Sciences in New York City
- Moderator: James McKenna, President and Chief Executive Officer, Hunter Roberts Construction Group
- Modern Meadow, Andras Forgacs, Co-Founder and CEO
- Epibone, Blake Adair, Chief of Staff
- Opentrons Labworks, Will Canine, Co-Founder and Chief Product Officer
- Versant Ventures, Janelle Anderson, PhD, Entrepreneur in Residence
1:30 PM – 2:15 PM – Case Study for Adaptive Reuse: The New York Genome Center, New York Stem Cell Foundation, and 375 Pearl Street
- Moderator: Jonathan Mechanic, Partner and Chairman of the Real Estate Department, Fried Frank
- Kent Knight, AIA, Vice President, Elkus Manfredi Architects
- Brian Aronne, Senior Vice President, Project Executive, Hunter Roberts Construction Group
- Chris Horch, PE, Associate Partner, Jaros, Baum & Bolles
- Clete Casper, Director of Real Estate, Sabey Corporation
- Lois Mate, AIA, Associate Partner, Ennead Architects
2:15 PM – 2:30 PM – Call to Action and Next Steps: Introducing NYC Builds Bio+
- Moderator: John Gilbert, Chief Operating Officer, Executive Vice President and Chief Technology Officer, Rudin Management Company
- Symposium Steering Committee
2:30 PM – 4:00 PM –Reception
Event Photo Gallery