NEW YORK CITY – The New York City Economic Development Corporation and Deerfield Management, a New York City-based healthcare investment firm, have teamed up to redevelop 345 Park Avenue South – a 12-story mixed-use building in the Flatiron District – into an approximate 300,000 square-foot life sciences campus.
The redevelopment is a part of a $500 million commitment to growing New York City's life sciences industry through LifeSci NYC. The life sciences campus, which will include 200,000 square-feet of wet labs, will support healthcare and biotech start-ups and research and development companies working to expel and treat ailments and chronic conditions.
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