MIAMI-South Florida’s research parks have been making some noise lately. But can South Florida establish itself as a research and development cluster that competes with the likes of Boston, New York and North Carolina's Research Triangle?
When biotech started taking off a decade ago, I recall economic development agencies from around the world trumpeting the benefits of their cities, states and regions for life sciences companies. Heavy concessions were offered, marketing programs were rolled out, and headlines were penned.
South Florida didn’t make a bold move then. But South Florida is making a progressive move now. There are two notable examples: the University of Miami Life Sciences & Technology Park (UMLSTP) and the Tradition Center for Innovation (TCI).
The UMLSTP’s current master plan includes five buildings comprising between 1.6 and 2 million square feet of space at full build out. Judging by the lease up of the first building, demand is clear. The park’s 252,000-square-foot building is currently 63% occupied less than six months after opening.
Tenants include Advanced Pharma CR, LLC, Community Blood Centers of Florida, the University of Miami Tissue Bank, Spain-based technology firm
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