Wednesday, February 22, 2012

BioTech Place Opens To Fanfare

The initial crown jewel of the 230-acre Piedmont Triad Research Park held a grand opening celebration in downtown Winston-Salem, NC. Originally the manufacturing center of the R.J. Reynolds Tobacco Company, who donated building 91 for the rejuvenation of the local economy.

The $100-million project is an elaborate public/private partnership with U.S. Bank and Blue Cross Blue Shield of N.C. having made investments for the $34-million in the state mill rehabilitation historic tax credits program. In addition, Winston-Salem / Forsyth County's $6.2-million contribution toward infrastructure upgrades, development by Wexford Science and Technology LLC of Baltimore, and administered by Wake Forest Baptist Medical Center.

The 270,000-sqft building, which will employ 450 workers, includes the Departments of Physiology/Pharmacology, Biomedical Engineering, Immunology and Microbiology as well as the Childress Institute for Pediatric Trauma. Other tenants include Carolina Liquid Chemistries, Allegacy Federal Credit Union, private start-up companies, and a space for a cafe on Patterson Avenue at Fifth Street.

Prime  Location