Can a California REIT find happiness (i.e., tenants) for a big biotech building on the East River?
"Maybe it’s the fact that the East River Science Park will be New York City’s largest biotech campus. Or it could be that the $700-million project is being built on spec. Whatever the reason, its 872,000 square feet seems like an awful lot of space to fill.
Then again, if the planned science park fulfills the city’s goal of jump-starting a true commercial bioscience industry, the 3.7-acre campus, in the Kips Bay neighborhood between First Avenue and the FDR Drive, could start to seem very small to its tenants."
Thanks to Peter Slatin
FULL STORY: Manhattan Bids For Biotech

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