East side bioscience groundbreaking marks milestone in region’s bioscience growth

EastBldg-square1

Five standout science students from Dunbar High School dug their shovels into the dirt at the corner of Wolfe and Ashland Streets today marking the groundbreaking for the first bioscience building in The Science + Technology Park at Johns Hopkins.

More than 100 dignitaries and business and community leaders celebrated the groundbreaking for the 282,000 square-foot building at 855 N. Wolfe Street as a major milestone in the massive revitalization project that will encompass 80 acres north of Johns Hopkins Medical Institutions.

The New East Baltimore Community project will ultimately include more than 2 million square feet of bioscience lab and office space and more the 1,200 new or rehabbed housing units.

“It’s hard to overstate the potential impact that this bioscience park and neighborhood revitalization can have on the future economy of Baltimore City and the region,” said Greater Baltimore Committee president Donald C. Fry. “This initiative is a tremendously positive development on so many levels, not the least of which is the noteworthy public-private teamwork that has driven this project and the substantial minority business involvement as equity partners.”

For that past five years, supporting the development of a bioscience park north of Johns Hopkins, revitalizing the surrounding neighborhood and nurturing bioscience business growth in the region have been among the GBC’s top priorities.

Dignitaries who spoke at the groundbreaking ceremonies included Baltimore City Mayor Martin O’Malley, Governor Robert L. Ehrlich, Jr., U.S. Senator Barbara Mikulski, Congressman Elijah Cummings, and Joseph Haskins, Jr., chairman and CEO of Harbor Bank of Maryland. Haskins, a former vice chair of the GBC, is chairman of East Baltimore Development Inc., the nonprofit organization managing the development of the east side project.

Other speakers included Dr. William Brody, president of Johns Hopkins University and former GBC board member; Dr. Edward Miller, dean of the medical faulty and CEO of Johns Hopkins Medicine, and a current GBC board member; and Peter Calkins, senior vice president and chief development officer of Forest City Enterprises, lead developer for Phase One of the New East Baltimore Community.

Targeted for completion in spring 2008, the building at 855 Wolfe Street will be named in honor of John Rangos, Sr., whose family foundation recently presented a $10 million gift to the Johns Hopkins Institute for Basic Biomedical Sciences, which will be the building’s anchor tenant.

The building will be the first of five life science facilities offering 1.1 million square-feet of lab and office space planned for Phase One of the project, which will encompass the 31-acres north of Johns Hopkins Medical Institutions. Phase One will also include 850 residential units and up to 80,000 square-feet of retail space.

More information on the east side science and technology park and neighborhood revitalization:

GBC web summary of Science & Technology Park at Johns Hopkins

Link to Forest City description of the project

Link to Forest City’s printed brochure about the project
 
East Baltimore Development, Inc. Web site

2003-2004 Annual Report, East Baltimore Development Inc.

Comments are closed.