{"id":1004693804,"date":"2023-12-12T03:52:58","date_gmt":"2023-12-12T11:52:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004693804"},"modified":"2023-12-12T03:53:00","modified_gmt":"2023-12-12T11:53:00","slug":"nexcore-group-plans-60m-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/","title":{"rendered":"NexCore Group Plans $60M Life Science Project"},"content":{"rendered":"
\"Waterway<\/a>

Rendering of the Waterway Labs at 16 Tech facility. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

NexCore Group <\/strong>is set to develop a 100,000-square-foot life science project<\/a> in Indianapolis. The $60 million Waterway Labs at 16 Tech development is scheduled to break ground next year.<\/p>\n

The five-story building will feature two spaces catering to NexCore\u2019s HATCHspaces platform. The first, HATCHlabs, is set to be four floors featuring 22,000-square-foot floorplans. The second, HATCHx, will include eight turnkey lab suites featuring more than 2,000 square feet and 10 leasable single lab suites and offices.<\/p>\n

The purpose-built lab space in the development is intended to service both startups and established companies, providing graduation space for companies growing out of nearby research institutions.<\/p>\n

\n

READ ALSO<\/strong>: Emerging Life Science Hubs Stake a Claim<\/a><\/p>\n

\n

Situated at 1206 Waterway Blvd., the project is within 16 Tech Innovation District, a 50-acre technology campus. The research-focused hub opened in 2020 and hosts more than 200 life science, health tech, med tech and innovation-related companies. Anchor tenants include the Indiana Biosciences Research Institute and the Emerging Manufacturing Collaboration Center.<\/p>\n

The innovation hub features three activity centers, a food hall, a marketplace, as well as flexible office and coworking spaces. More than 3 million square feet of residential and commercial real estate is planned to be completed at 16 Tech by 2030.<\/p>\n

Future campuses of Indiana University Indianapolis and Purdue University in Indianapolis are planned in the district’s proximity. Downtown Indianapolis is less than 2 miles from the development, while the Indianapolis International Airport is some 15 miles away.<\/p>\n

Cushman & Wakefield <\/strong>has been selected as the project’s leasing agent, with Jon Owens and Joshua Graham heading up the assignment.<\/p>\n

Lab space details<\/h2>\n

HATCHlabs space within Waterway Labs at 16 Tech will support long-term tenants with flexible suite layout options. It will include lounge areas, restrooms and a common chemical waste storage room. The space is designed to feature 15-foot, 6-inch clear heights, a 100 per square foot live floor loading capacity and a 20 per square foot dead loading capacity, six outside air changes per hour, an emergency diesel generator, a 20 watt per rentable square foot of electrical capacity and a floor vibration criterion of 6,000 micro-inches per second.<\/p>\n

HATCHx will feature furnished lab suites, a common freezer farm and a conference room. Both spaces are set to include Biosafety Level 1 (BSL-1) and BSL-2 lab space support.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield is leasing the new development within the 16 Tech Innovation District in Indianapolis. <\/p>\n","protected":false},"author":3006,"featured_media":1004693810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1590,13,21742,21747],"tags":[34908,34722],"class_list":["post-1004693804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-indianapolis","category-midwest","category-latest","category-office","tag-cushman-wakefeld","tag-nexcore-group"],"acf":[],"yoast_head":"\nNexCore Group Plans $60M Life Science Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Located in the 16 Technology Innovation District, the life science project is in a 50-acre campus hosting more than 200 companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NexCore Group Plans $60M Life Science Project\" \/>\n<meta property=\"og:description\" content=\"Located in the 16 Technology Innovation District, the life science project is in a 50-acre campus hosting more than 200 companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-12T11:52:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-12T11:53:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/16-Tech-Leasing-Brochure-Final-Rendering-20230522.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/\",\"name\":\"NexCore Group Plans $60M Life Science Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/16-Tech-Leasing-Brochure-Final-Rendering-20230522.jpg\",\"datePublished\":\"2023-12-12T11:52:58+00:00\",\"dateModified\":\"2023-12-12T11:53:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Located in the 16 Technology Innovation District, the life science project is in a 50-acre campus hosting more than 200 companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nexcore-group-plans-60m-life-science-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/16-Tech-Leasing-Brochure-Final-Rendering-20230522.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/16-Tech-Leasing-Brochure-Final-Rendering-20230522.jpg\",\"width\":800,\"height\":620,\"caption\":\"Rendering of the Waterway Labs at 16 Tech facility. 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