The Texas Research and Technology Foundation plans to build about 680,000 square feet of...
has invested about $60 million converting the Merchants Ice complex on East Houston Street into 140,000 square feet of lab and office space for bioscience tenants, according to a City Council memo.about $5.7 million via reimbursements for infrastructure and a grant in 2019Tenants include gene-therapy company Scorpion Biological Services, therapeutics firm GenCure and startups, which together have created about 200 jobs, said President and Chief Operating Officer Rene Dominguez.Nonprofit buys G.
The foundation plans six buildings with about 680,000 square feet of offices, labs and retail and commercial space at the site, which has been vacant since the state razed the Sutton structure in 2019. The $8.5 million package approved Thursday by council members includes reimbursable funds for those upgrades, fee waivers and job creation incentives. The job incentives are tied to the tenants being recruited and their projects would need council approval, a city spokesperson said.
The Sutton project is expected to generate 2,444 jobs on-site, another 3,071 indirect and induced jobs and $1.8 billion in annual economic impact when built out, according to an analysis by Economic & Planning Systems Inc. commissioned by TRTF.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pac-12 relocating production studio from San Francisco to San Ramon - San Francisco Business TimesIt's part of a new approach the athletic conference announced in 2022.
Read more »
Fire crews resuscitate four children, man after apartment fire on Indy's east sideFive people, four of them children, were resuscitated Jan. 9, 2023 after fire crews rescued them from an apartment fire on Indianapolis’ east side.
Read more »
MTA's East Side Access project delayed again due to vent problemsIt's the latest hiccup for the project, which is running more than a decade behind schedule and more than $7 billion over its original budget.
Read more »
Baby, adult die days after house fire on Indianapolis' east sideFour children and one adult were transported to local hospitals after they were found unconscious inside an apartment that caught fire Monday night.
Read more »
Man, infant die days after house fire on Indianapolis' east side15-month-old Leilani Rembert has died from injuries sustained in the fire on Elwin earlier this week. She is the second individual to die from this fire. Three other children remain in critical condition.
Read more »
Thursday afternoon shooting leaves 2 dead on near east sideIMPD is investigating after finding two people dead on the city's near east side. Just before noon, officers were dispatched to the 200 Block of N. Walcott on a report of a person shot.
Read more »