Trammell Crow Company (TCC), a global real estate developer, and partner Georgia Advanced Technology Ventures, an affiliate of the Georgia Institute of Technology, have topped out Science Square Labs.
Portal Innovations, a life sciences venture development engine, has signed the first lease at Science Square Labs, part of the first phase of the Science Square mixed-use development adjacent to Georgia Tech’s campus.
Science Square is an 18-acre master-planned district offering premier commercial lab/R&D and residential development, according to a press release.
Portal Innovations will be taking 33,136 square feet on the 10th floor of the 13-story building, where they will help grow life sciences startups by providing seed capital, fully equipped lab space and management support.
“Portal Innovations has been a trusted partner to TCC throughout the development process, as they simultaneously worked to hire a team and provided guidance on building a local ecosystem,” Katherine Lynch, a principal with TCC Atlanta, said in a press release. “They are actively engaged in the Atlanta life science community, which is the fourth market where they will establish a biotech and medtech ecosystem, further advancing Atlanta’s strong position in the life science industry. Portal’s space at Science Square Labs will include wet and dry labs, private offices, and robust collaborative space, including an outdoor terrace. We are pleased to officially welcome them to the Science Square community and to celebrate this exciting construction milestone together.”
At 368,258 square feet, Science Square Labs will also feature two food and beverage spaces and amenities like a fitness center, a conference space, and an indoor/outdoor tenant lounge with a catering kitchen, which can be reserved for special events.
TCC is also delivering six pre-built, fully furnished “graduator” speculative lab/office suites for growing life sciences companies at Science Square Labs. The project team is seeking LEED Gold and WELL Certifications, and the building will feature a 38,000-square-foot solar panel array atop of the parking garage, installed by Cherry Street Energy.
The first phase of Science Square, which includes the lab facility designed by Perkins & Will, as well as a 280-unit residential building designed by RJT+R, is being constructed by Brasfield & Gorrie and is slated to deliver in Q1 2024, according to the press release.
As part of the Science Square Labs development, TCC is providing a $500,000 Community Educational Grant to support job training, education and outreach to help neighboring community members develop the skills they need to participate in the life sciences industry.