New York City Developer Launches Life-Science Venture

A New York City developer recognized for projects serving technology companies is doubling down on house for biotechnology laboratories and different life-science makes use of at a time when biotech shares are being roiled by rising interest rates and upheaval within the capital markets.

Taconic Partners, considered one of New York’s largest personal house owners and managers of lab house serving pharmaceutical and biotech corporations, is consolidating its life-sciences portfolio into a brand new subsidiary named Elevate Research Properties. Elevate will management three life-sciences laboratories at the moment underneath improvement by Taconic.