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Creating thousands of jobs, Chicagos biotech space to triple

In 1996, Hillary Clinton authored a book entitled "It Takes a Village" in which she posited the view that the towns and villages of our country surrounding our children were in essence extended families that helped rear children.

While the primary responsibility of child rearing was that of a mother and father, the extended family (friend......

Full article >>> s biotech village? To start off, there's certainly a great concentration of universities. Three of them anchor the area: Harvard/Radcliffe, Boston University and MIT. There are also a plethora of nearby universities within a 30-minute radius.

In addition, there are medical institutions abound: Mass General Hospital, the Dana Farber Cancer Institute, the Brigham and Women's Hospital, Child......

Full article >>> art of Evanston, the Evanston Research Park incubator isn't particularly attractive and it's hardly state of the art.

If you move further north into the Chicago suburbs and around Highway 294, you have clustered a whole flock of large companies starting in Deerfield, Ill. and running up to Abbott Park. These include Takeda Pharmaceuticals, Astellas Pharmaceuticals, Walgreens, Dade-Behring......

Full article >>> target="BLANK">Forest City Enterprises, which is one of the nation's top public real estate operating and investment companies. It started in 1921 as a family lumber business. Forest City's market valuation is currently $3.1 billion. Headquartered in Cleveland, Forest City is a Midwest success story.

Its University Park Project in Cambridge amasses 2.3 million square feet on 27 acres......

Full article >>> ction jobs (1,000 jobs) to "ripple-effect jobs" in the area (10,000 jobs).

Forest City believes that this new campus will generate $1.8 billion in statewide economic activity. Its premise is that Chicago is far behind other biotech clusters in a key ingredient needed to generate biotech companies: wet lab space.

According to a study done by Applied Real Estate Analysis, Chicago i......

Full article >>> ed more suitable at a chemical company as opposed to a pharmaceutical company. Farris quickly explained to me that this part of the complex will disappear and a beautiful park will frame the land in front of the new building.

We then made our entrance into the "Q" building.

I felt as if I stepped into the Gleacher Center at the University of Chicago or even Northwestern Universit......

Full article >>> ercial upgrades to the area.

Forest City's vision of a biotech mall is impressive.

Still, in discussing its potential success with Farris, I emphasized that it will need some well-known anchor tenants and lots of specialty companies. My recommendation is to include on site a couple well-known, early stage VCs as well as other key service providers (patent firms, law firms, accoun......

Full article >>> can be reached at rosenmichaels@aol.com.

This article has been syndicated on the Wisconsin Technology Network courtesy of ePrairie, a user-driven business and technology news community distributed via the Web, the wireless Web and free daily e-mail newsletters.

The opinions expressed ......

Full article >>>
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Source:wistechnology.com By Michael Rosen 05/18/05


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