Construction to start in late spring on $52 million building project in the Virginia Bio+Tech Park

Plans are being finalized for a $52 million building project in the Virginia Bio+Tech Park in Richmond that would serve as a temporary home for growing young companies in technology and life sciences.

Construction should start in late spring on the nearly 100,000-square-foot, six-story building that would be built on East Leigh Street between North Seventh and North Eighth streets.

The project also calls for a 462-space parking deck at the corner of Seventh and Jackson streets, on the same block as the new building.

The building would house offices, laboratories, greenhouses and meeting spaces, all designed to help foster the success of startup technology companies that have moved beyond the earliest stages of development but still need support to continue growing.

“It is a one-of-a-kind space,” said Carrie Roth, president and CEO of Activation Capital and the Virginia Bio+Tech Park. “There is nothing like it in the region or the commonwealth. It is for next-stage growth of innovative and entrepreneurial companies.”

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