Biotech gains ground in NYC: Sprawl­ing re­search cen­ter planned in $1.6B Mid­town project

Mak­ing good on its promise to inch its way to­ward biotech hub sta­tus, New York City is ded­i­cat­ing a mas­sive space for life sci­ence com­pa­nies to put down roots in a 105-year-old struc­ture in Mid­town.

Com­mer­cial re­al es­tate de­vel­op­ers have been work­ing to make over the old Far­ley Post Of­fice Build­ing, a Ro­man clas­sic struc­ture that spans two city blocks, in­to an elab­o­rate tran­sit hub to be called the Moyni­han Train Hall. Now, the two firms be­hind the $1.6 bil­lion over­haul have hired a bro­ker with ex­ten­sive knowl­edge of Boston’s re­al es­tate mar­ket and have de­vel­oped a brochure for the train hall that mar­kets the struc­ture to the life sci­ence in­dus­try.

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