In San Diego, UC San Diego announced a public-private partnership with BioMed Realty to build a new home for university and local research organizations as they work to find treatments and potential cures for cancer and other chronic diseases.
The project will include an 110,000-square foot research hub as well as a 2,500-bed complex for graduate students.
Something UC San Diego Chancellor Pradeep K. Khosla believes is critical to conduct good research.
“Research is not like any other work,” Khosla said.
“Having the ability to be focused on it without distractions is really important for doing good research,” he said.
The Center for Novel Therapeutics as it will be named will be open to both faculty and commercial researchers right on the UC San Diego Campus north of downtown San Diego.
Timothy Schoen, President and CEO, BioMed Realty, said the lab expands the biotech footprint in La Jolla which is already arguably the second largest bio tech region in the country.
“It’s really a collaboration between the UCSD academic firepower and being able to bring the larger life science community to the campus,” Schoen said.
UC San Diego will not spend funds to build the state-of-the-art building that will house not only faculty as well as commercial businesses in an attempt to lower the cost of business for all involved.
The building will be located at the UCSD's Science Research Park next to Moores Cancer Center at UC San Diego Health.
Construction is expected to begin in the second quarter of 2017 and be completed in early 2019, according to BioMed Realty officials.