After announcing it would make Dallas its central U.S. hub last fall, Cambridge, Massachusetts-based BioLabs last week kicked off major renovations to its Biotech+ Hub facilities at Pegasus Park that are scheduled to yield 37K SF of flexible life sciences coworking space by mid-December.
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BioLabs is a membership-based network of shared laboratory facilities. The firm said the Dallas operation, its first not to be located in a coastal state, will accommodate 35 startups and offer shared and private laboratory, training and office space for early stage scientific ventures as well as an array of premium scientific equipment and additional services and amenities. It joins existing BioLab sites in California, Massachusetts, New Jersey, New York City, North Carolina and Pennsylvania.
“Our flexible and state-of-the-art lab space will offer startups access and opportunity to connect with capital, partnerships and technical assistance to accelerate the pace of their work,” BioLabs Chief Operations Officer Adam Milne said in a release. “We look forward to collaborating with the region’s life science and health innovators to help further the advancement in science in North Texas.”
The 23-acre Pegasus Park office campus is the result of a partnership between J. Small Investments and Lyda Hill Philanthropies to transform a former ExxonMobil office campus into a mixed-use development with specialty hubs and office sites dedicated to life sciences, biotech and philanthropic tenants.
The six-building campus, located near the Dallas Design District and the Southwestern Medical District, was established to position DFW as an emerging center of biotech and life sciences.
In April, Dallas-Fort Worth was ranked eighth nationally on a list of cities poised for growth in life sciences, according to a JLL report that considered job and wage increases, available STEM talent and demographic indicators that point toward a region’s ability to “mature into long-term national prominence.”
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