New York City Developer Launches Life-Science Venture

A New York City developer identified for projects serving technology companies is doubling down on area for biotechnology laboratories and different life-science makes use of at a time when biotech shares are being roiled by rising interest rates and upheaval within the capital markets.

Taconic Partners, one among New York’s largest personal homeowners and managers of lab area serving pharmaceutical and biotech firms, is consolidating its life-sciences portfolio into a brand new subsidiary named Elevate Research Properties. Elevate will management three life-sciences laboratories at the moment beneath growth by Taconic.