Life Science Hub Headed Manhattan’s Far West Side

Manhattan’s far west side is getting a new life science facility. The Georgetown Co. has redeveloped of a 200,000-square-foot property to create a laboratory, research, clinical and biomedical facilities. The property is already fully leased to Mount Sinai’s Icahn School of Medicine and designer, scientist and inventor Neri Oxman.

Georgetown purchased the site in 2015 in partnership with Pershing Square Capital Management’s Bill Ackman, Arnold Schwarzenegger, LeBron James and Jimmy Iovine after identifying the demand for life science facilities in the submarket. It conducted a $100 million renovation and redevelopment of the existing facility to accommodate life science tenants. The redevelopment included adding 60,000-square-foot floor plates and generous ceiling heights to accommodate specialized laboratory and mechanical equipment. The property also has natural light across the entire perimeter of the building. It is one of the largest life science campuses in New York City, according to Georgetown.