BSI will occupy 25,000 square feet of laboratory space on the second floor, co-located with new laboratory space utilized by the Johns Hopkins Neurology Department.
BALTIMORE--(BUSINESS WIRE)--The Forest City-New East Baltimore Partnership (FCNEBP) announced that the Brain Sciences Institute of the Johns Hopkins University School of Medicine (BSI) will locate at 855 North Wolfe Street, in the John G. Rangos, Sr., Building, within the Science + Technology Park at Johns Hopkins. BSI will occupy 25,000 square feet of laboratory space on the second floor, co-located with new laboratory space utilized by the Johns Hopkins Neurology Department. Colliers Pinkard represented FCNEBP in the transaction.
Founded in March 2007, BSI was established to help stimulate advances in fundamental neuroscience and to translate new discoveries into novel treatments for major neurological diseases. Brain Sciences Institute draws from a wide spectrum of Johns Hopkins University faculty scientists and clinicians. The new location in the Rangos Building will be the center of the institute’s operations, led by its scientific director John Griffin, M.D., Professor of Neurology, and co-directors Richard Huganir, Ph.D., Director of the Department of Neurosciences, and Jeffrey Rothstein, M.D., Ph.D., Professor of Neurology and Neuroscience, all at the Johns Hopkins University School of Medicine (JHUSOM).
In addition, the new BSI location will house the NeuroTranslational Program and its laboratories and scientists. This new program is expected to accelerate the development of novel therapeutics by bringing together, in academia, the expertise of a drug development team from the pharmaceutical industry and the scientists and clinicians who are making the discoveries. (www.hopkinsmedicine.org/brainscience)
Janice Clements, Ph.D., Vice Dean for Faculty at JHUSOM said, “This is an exciting stage of development for BSI. After our productive first two years initiating new BSI core capabilities and programs, BSI will have a central location for its activities and initiate its translational program within the exciting environment of the Rangos Building.”
BSI joins a growing cluster of institutional and commercial tenants at 855 North Wolfe Street that recognize the benefit of a top tier science facility adjacent to the Johns Hopkins Medical Institutions and the opportunities for scientific collaboration and access to Johns Hopkins’ core facilities at the East Baltimore campus. Johns Hopkins is committed to the success of companies in the Park and provides an array of special services and peer collaboration opportunities in formal and informal ways to foster the emergence of this new, commercially-based scientific community. The building offers a variety of space, from short-term rentals of workstations, plug-and-play space for emerging companies, and custom-equipped larger labs for more established companies, with blocks of space available from 3,000 to 20,000 RSF.
The New East Side
The Science + Technology Park at Johns Hopkins is one component of the transformation of the East Baltimore community being overseen by East Baltimore Development Inc. The New East Side will provide residential units for new and returning residents in mixed-income housing, as well as offer life science, office and retail space. Customized technical training programs, provided by East Baltimore Development Inc., will enhance skill levels, enabling more of Baltimore’s workforce to meet the requirements of companies locating in the Park. A new K-8 community school and open spaces are also planned.
The success of the project is a result of collaboration among the East Baltimore neighborhoods, the State of Maryland, the City of Baltimore, East Baltimore Development Inc., the Annie E. Casey Foundation, the Johns Hopkins Institutions, The Henry and Jeanette Weinberg Foundation, the Goldseker Foundation, Forest City&ndashNew East Baltimore Partnership, and its subdevelopers. Their goal is to rebuild the community and create new opportunities within East Baltimore.
About the Park & the Developers
The Science + Technology Park at Johns Hopkins, which is being developed by The Forest City-New East Baltimore Partnership, is part of an ambitious, mixed-use development program in an area of East Baltimore immediately north of the Johns Hopkins Medical Institutions. The first phase of the development includes the 1.1-million-square-foot Science + Technology Park, over 850 housing units for mixed-income buyers and renters, and a variety of retail services. The Partnership consists of the Forest City Science + Technology Group and Presidential Partners, LLC, a minority-business consortium of Baltimore-based developers. In addition to the Partnership’s development activities, the overall East Baltimore redevelopment initiative will generate new job opportunities.
Presidential Partners is a consortium of award-winning developers and builders specializing in mixed-use projects. Presidential Partners includes Banks Contracting, Lambda Development, Legacy Harrison Enterprises, and The Wilkinson Group. Presidential Partners has earned recognition for top-notch strategic planning and an enviable ability to spot and spark urban revitalization. Combined, they offer nearly a century of industry experience and innovative collaboration. (www.presidentialpartnersllc.com)
Forest City Science + Technology Group (www.forestcityscience.net) operates a portfolio of more than two million square feet of life science/technology office space, with more than eight million square feet in the planning or development stages. Its properties are in major markets including Boston, Baltimore, Philadelphia, Chicago and Denver.
Forest City Science + Technology Group is a division of Forest City Enterprises, Inc. (NYSE: FCEA) (NYSE: FCEB), a $10.9 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.
Safe Harbor Language
Statements made in this news release that state the Company’s or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. The Company's actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors. Real estate development risks and factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the inability to secure sufficient financing on favorable terms, construction risks, increases in commodity costs, the inability to obtain required governmental permits and authorizations, the inability to secure tenants or anchors for the project, the withdrawal of a prospective anchor or project partner, opposition from third parties, competition in the target market, economic conditions in the target market, the adverse impact of environmental matters, softening of the housing market, and other risk factors as disclosed from time to time in the Company’s SEC filings, including but not limited to, the Company’s annual and quarterly reports.
