Monday, December 12, 2011

Fitzsimons Redevelopment Authority Announces Second Phase of Strategic Refocus With $8 Million Expansion to Bioscience Park Center

Aurora, CO - In furtherance of its renewed commitment to support the growth of early-stage Colorado bioscience companies, especially those developing technologies from Colorado's research institutions, Fitzsimons Redevelopment Authority (FRA) is expanding its Bioscience Park Center building (BPC) with an $8 million, 37,000-square-foot accelerator facility, increasing the BPC in excess of 50 percent. The announcement is made by Denise Brown, FRA Interim Executive Director, who says, "The new accelerator space will be leased to companies in the modest growth stage. We have a number of companies in the BPC incubator ready to make this advancement in addition to interest from other companies, both in-state and out-of-state, as well."

The FRA Board of Directors has been working with FRA staff, FRA's real estate development partner Forest City Science + Technology Group, consultants and lenders for the past several months to finalize this expansion. Based on the team's recommendation, the three-story accelerator will be built to the west of the current building with a new parking lot located to the north of BPC. Ground broke in October and construction has been progressing since, with completion expected by June, as recently reported in the Aurora Sentinel,

Link to the PR Web newswire

Link to the PitchEngine Social Media Release

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