Biomeme Doubles Space with Center City Headquarters Relocation Growth due to the success of its COVID test has led the diagnostic company’s to relocate its headquarters, lab, and production to the 44,000 square feet space on 401 N. Broad St., which will accommodate all of the uses it needs in one location. Life Sciences Firm
China-Based WuXi AppTec Awarded $19M for Delaware Drug Plant The proposed 1.7 million-square-foot complex — bigger than Philadelphia’s largest office towers — would be WuXi AppTec’s largest U.S. manufacturing facility. Penn Medicine’s $1.5B Pavilion Nears Completion The addition of the Pavilion and shift to fully private patient rooms at the Hospital of the University of
Wilmington Begins Plans to Invest $100M to Spur Future Waterfront Development Infrastructure work on the first phase, which will involve 30 acres and cost $30 million, is expected to start this summer. 487,000-Square-Foot Burlington Industrial Building Leased to LC Logistics Services Inc. Another example of the growth being seen in Southern New Jersey’s industrial market,
Fore Biotherapeutics Establishes Global Headquarters in Philadelphia The precision oncology company plans to utilize the city’s experienced life sciences industry workforce, major universities, health care institutions, and laboratory space to fuel its operational growth. Urban Renewal LLC Sets Foundation for New Warehouse in Pemberton Township With the potential to bring 130 residential jobs to the
PIDC, Ensemble, and Mosaic Unveil Navy Yard Master Plan The first phase of the $2.5 billion development plan will include two advanced life sciences buildings followed by significant residential and hospitality initiatives. Hear directly from the developers and learn more on May 6. Biomeme Signs Deal to Double Space The relocation to Center City comes
Governor Wolf Announces BNP Paribas Expansion in Southeastern Pennsylvania A leading European bank has committed to investing $18 million into the project, which will retain over 100 existing jobs and bring nearly 300 full-time, high-quality jobs to the region. Century Therapeutics Significantly Expands Capabilities with New Facilities in Pennsylvania and New Jersey This cell therapy
Almost 150 Manufacturing and Chemical Jobs Headed to Delaware In addition to more job opportunities, the expansion of three companies into Wilmington and New Castle County will improve public infrastructure and contribute to the economic wellbeing of Delaware. Denver Developer Buys 45 Acres of Industrial Property in Burlington County The county’s rich transportation assets continue
Economic Development Experts See Growth Opportunities Ahead for Greater Philadelphia A boom in the local life sciences industry and redevelopment of commercial corridors has led to an unexpected revival of manufacturing job in Greater Philadelphia during the pandemic. New Jersey Plans $250 Million Facility for Making Offshore Wind Components New Jersey Gov. Phil Murphy believes
Amazon to expand cloud computing services in Philadelphia in 2021 E-commerce giant Amazon.com Inc. is stretching its reach even further into providing cloud computing services, and the Philadelphia area will play a role in the company’s technology expansion plans. Saudi company pays $225M for majority stake in Blue Bell’s Arborcrest Corporate Campus The massive acquisition
NorthPoint plans $1.5B redevelopment of U.S. Steel site in Bucks County, 5,000 new jobs NorthPoint plans to work on getting township approvals for the phased development of what it is calling the Keystone Trade Center, which developers expect to create between 5,000 and 10,000 new jobs. N.J.’s life sciences industry stoking real estate demand during
