Georgetown Establishes Life Science Hub at Redeveloped 787 Eleventh Ave.
The Georgetown Company is establishing a life science hub spanning more than 200,000 square feet at its 787 Eleventh Ave. redevelopment on Manhattan’s Far West Side. Mount Sinai’s Icahn School of Medicine will occupy 165,000 square feet, while designer, scientist and inventor Neri Oxman is developing a 36,000-square-foot research and design lab.
With the addition of these two tenants, the building is now 100% leased.
To finance Mount Sinai’s facility—reportedly a larger space than the total life science square footage leased citywide in 2020–Georgetown has secured $100 million from Guggenheim Investments for construction of the space.
A JLL team of Peter Riguardi and Steven Rotter partnered with the Georgetown Company, while their colleagues Rob Martin and Barbara Winter represented Mount Sinai in the lease. Russell Schildkraut of Ackman-Ziff helped secure the TI financing.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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