Trammell Crow JV Completes Phase I of Life Science District
Trammell Crow Co., in partnership with Georgia Advanced Technology Ventures, an affiliate of the Georgia Institute of Technology, has completed the first phase of Science Square, a life science district in Atlanta. The 18-acre project is adjacent to Georgia Tech’s Midtown campus.
The first phase of the mixed-use development includes Science Square Labs, a 368,258-square-foot life science building, and The Grace, a 280-unit residential community. High Street Residential, a TCC subsidiary, developed the 14-story multifamily component, which was designed by Rule Joy Trammell + Rubio. The Grace marks HSR’s first residential development in Atlanta.
Designed by Perkins & Will, Science Square Labs features lab and clean room space, base-building systems, a 38,000-square-foot solar panel array atop of the parking garage, 22 EV charging stations and a Konvekta energy recovery system.
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Amenities at the 13-story Class A tower include a conference center, pre-function space, a restaurant, a coffee shop, a fitness center, outdoor lounge and workspace, as well as indoor and outdoor event space. The property also provides bike storage, attached covered parking and 24-hour security.
A life science hub in downtown Atlanta
Previously known as Technology Enterprise Park, the life science district had been in the making for a decade, until the developers finally broke ground in 2022.
A year later, in August 2023, the partnership signed its first tenant. Portal Innovations, a life science venture development engine, committed to 33,136 square feet on the building’s 10th floor.
Science Square is expected to be developed in five phases. Upon completion, the project will feature 1.8 million square feet of lab and office space, 500 residential units and 25,000 square feet of retail space. Brasfield & Gorrie is the general contractor.
Despite a footprint of less than 200 million square feet across U.S. markets, life science space continues to be an in-demand property type for commercial real estate users. Versatility in space design, amenities and a location near educational institutions and other life science hubs are among the major aspects that developers take into account when entering a new market.
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