BioMed Realty Breaks Ground on $145M Complex

GREENBURGH, NY-Despite a driving rainstorm, BioMed Realty Trust Inc. of San Diego broke ground Thursday on a new 360,000-sf headquarters/research complex at its Landmark at Eastview property here. The $145-million project is the largest commercial office/research construction in decades.

A total of 194,000 sf of space will serve as the headquarters for Regeneron Pharmaceuticals Inc. The new construction will involve the development of three interconnected laboratory and office buildings to be built on a 66-acre vacant parcel adjacent to the existing 777 and 765 Old Saw Mill River Rd. buildings at the 752,000-sf Landmark at Eastview complex. The new project will bring the development to more than one million sf of research and office space.

Regeneron will occupy all of one and two-thirds of another of the new buildings. The remainder of the second and third buildings will be built on spec, according to BioMed Realty officials, another rarity in the commercial real estate market in Westchester County.