Virginia BioTechnology Research Park

Biotech Eight Expansion

Biotech Eight Expansion
737 N Fifth Street
Richmond, VA 23219 

Size:  
Phase I:   112, 000 Sq Ft
Phase II: 100,000 Sq Ft

Cost:
Phase I:   $28 million
Phase II:  $22 million

Completion:
Phase I:  February 2013
Phase II: February 2014

Features: 
The expansion of Biotech Eight will occur in two phases and will result in a new 6-story, 212,000 square foot wet-dry laboratory and office building for Health Diagnostic Laboratory, Inc.  Phase II will be constructed on the site of the former Biotech Three building and will connect to the existing Biotech Eight building at the second and third floors, allowing contiguous expansion of HDL’s existing operations in the 40,000 square feet of space the company occupies in the current Biotech Eight building.  In addition to the building expansion, Phase I will add two more parking levels and 185 additional spaces to the parking structure on Navy Hill Drive.  Phase II of the expansion will occur on the site of the existing Biotech Five building and will carry out the completion of the six story laboratory/office facility fronting East Jackson Street for Health Diagnostic Laboratory, Inc.’s occupancy.  When completed in early 2014, total employment for Health Diagnostic Laboratory, Inc. in the Park will be at approximately 1,000 employees, making them the largest employer in the Virginia BioTechnology Research Park.