Taconic and Partners Plan Upper East Side Lab Project
Elevate Research Properties, the life science subsidiary of Taconic Partners, has revealed plans for a 200,000-square-foot, Class A research lab on the Upper East Side of Manhattan. To be named Iron Horse Labs, the new research building will be located at 309 E. 94th St., the birth site of legendary Yankees’ baseball player Lou Gehrig. Gehrig famously earned the nickname “Iron Horse” given his record streak of consecutive games played.
“Elevate is excited to bring another world-class research development to the growing New York City market,” said Matthew Weir, president of Elevate Research Properties. “This particular project is especially unique given its rich history along with the rare combination of size, features, and location.”
The project, being developed with partners Nuveen Real Estate and Flatiron Equities, is located blocks from several major academic and medical institutions including Rockefeller University, Weill Cornell, Mount Sinai, Memorial Sloan Kettering, NYC Health + Hospitals, and the Hospital for Special Surgery.