News & Announcements
University of Maryland Crosses MLK for Biotech Park
May 16, 2003
The University of Maryland, Baltimore plans to build a biotechnology research park in the Baltimore neighborhood of Poppleton, just west of Martin Luther King Jr. Boulevard. Upon its completion, the park would house six, six-story buildings, totaling 700,000 feet of laboratory and office space. The project, profiled in a cover story, would cost between $200 million and $300 million. The University plans to break ground in October on an initial test building, which is scheduled to be completed in late 2004, says Jim Hughes, MBA, vice president for development. Russell DiGate, PhD, associate dean for research in the School of Pharmacy, says having the appropriate space might help recruit faculty members who need to work with a particular company. He adds that professors or researchers who want to spin off their own companies will have a location close to their teaching posts.