Memphis Bioworks Celebrates Progress at UT-Baptist Research Park and Honors Baptist Memorial Health Care with Commemorative Plaque
MEMPHIS, Tennessee (May 9, 2014) – Memphis Bioworks today celebrated the completion of the fourth phase of development on the UT-Baptist Research Park with the dedication of the Central Green and the unveiling of the Baptist Memorial Hospital – Medical Center commemorative plaque. Program speakers at the commemorative event included leadership from Memphis Bioworks, UT Health Science Center, Baptist Memorial Health Care and Tennessee State Senate Majority Leader Mark Norris.
“Over a century ago, the Baptist Memorial Hospital – Medical Center paved the way for medical advancement at the exact site that now serves as the center for bioscience innovation in Memphis,” said Steve Bares, Ph.D., Executive Director of Memphis Bioworks Foundation. “Today, with this dedication we permanently honor Baptist Memorial Health Care’s commitment to medical excellence and pledge to continue the tradition of health care innovation throughout Biowork’s UT-Baptist Research Park.”
From an infrastructure perspective, Bioworks began working to raise money in the early 2000s to develop a world class research park in the Memphis Medical Center at the former site of the Baptist Memorial Hospital. Federal, state, local and private funds were raised to clear the site including the demolition of more than 1.3 million square feet of space. In 2005, the implosion of the old hospital building was the largest demolition project in the U.S. In total, more than $140 Million has been invested in new construction and property renovation across the research park campus. Today there are 305,000 square-feet of built and renovated space.
Development phases completed to-date at the UT-Baptist Research Park:
· Phase 1: Renovation of 20 S. Dudley, where Bioworks is headquartered and 36 companies are incubated.
· Phase 2: Completion of Regional Biocontainment Laboratory
· Phase 3: Completion of University of Tennessee College of Pharmacy building
· Phase 4: Completion of TriMetis Specialized Laboratory and Central Green (the eco-roof)