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Life Sciences Hub Breaks Ground in Long Island City
King Street Properties and GFP Real Estate broke ground on Innolabs, a sciences facility at 45-18 Court Square in Long Island City. The 267,000-square-foot property will provide lab and office space for an industry sector that’s emerging in LIC.
“The Court Square location made an immediate impression on us,” said Thomas Ragno, founder and principal of King Street Properties. “With access to seven subway lines, a variety of amenities, and a dynamic live-work setting, Innolabs is ideally positioned to be at the center of the growing life science market in New York City.”
Added GFP’s Brian Steinwurtzel, ““The cluster in Long Island City is forming and we are thrilled to play a part in this exciting project.”
Along with office and lab space, Innolabs will feature a dynamic layout that will allow tenants to work productively and efficiently in collaborative environments.
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- ◦Development
