Ground Breaks for University's $22M Hybrid Building

ROCKVILLE, MD-Construction surrounding Johns Hopkins University’s ten-year expansion plan at its Montgomery County campus has taken another step forward with the recent groundbreaking for a 115,000-sf hybrid structure. The building–which will serve as a breeding ground for collaborative scientific and technological efforts involving Johns Hopkins, federal research laboratories and private sector entities–is just one of seven structures that will ultimately grace the campus.

Upon its 2004 completion, the facility will be divided into academic space for Johns Hopkins, and leasable space for science and technology firms interested in teaming up with the university. Spaulding & Slye Colliers is the master developer on the project, and tells GlobeSt.com that the structure will cost $22 million to build. New Boston Fund has come up with the equity financing for development of the facility. “It is a key component of Johns Hopkins’ campus expansion, and it has tremendous benefits for the entire region,” New Boston Fund senior vice president of acquisitions Jim Kelleher says of the hybrid building.