Brooklyn Bioscience Center Underway
The development of BioBAT, a 486,000-square-foot center for commercial bioscience at the Brooklyn Army Terminal, is underway. BioBAT, a partnership between the city and SUNY Downstate Medical Center, is expected to be completed in 2011. When completed, BioBAT and East River Science Park, which is set to open this fall, will comprise ten times the amount of commercial lab space that is currently available in the area.
State funding of $48 million and the city’s $12 million investment to facilitate the project was in response to the lack of appropriate commercial lab space available to the nine local academic medical and research institutions that produce between 20 and 30 early-stage bioscience companies annually, most of which move out of the city. The Brooklyn Army Terminal is a 97-acre waterfront facility owned by the city and managed by the New York City Economic Development Corporation (NYCEDC). State officials have described the project as a long-term investment in Brooklyn.