West Conshohocken-based Keystone, a vertically integrated commercial real estate development and investment company, plans to convert 200,000 square feet in The Curtis location in Philadelphia’s Center City into life sciences and biotech laboratory space.
Work includes the installation of hot water loops and steam infrastructure for heating and humidification and an exhaust system that will provide tenants with airflow of 147,000 cubic feet per minute.
Renovations will begin during the first quarter.
“With these improvements in place, tenants can begin envisioning and building their new laboratory facilities today without having to wait for a new building to be constructed — and at rates that are much more attractive than new ground-up University City developments,” Jamie Rash, Keystone regional director, said. “The combination of technology, infrastructure, and a highly connected location make The Curtis an unparalleled destination for growing biotech companies seeking laboratory space in Center City.”
The Curtis will have more than 325,000 square feet once the conversion is complete. It is located within walking distance of Thomas Jefferson University and other Philadelphia research institutions.
The facility already has 15 watts of power per square foot, 1,100 kilowatts of dedicated life science backup power, 15-foot deck-to-deck ceiling heights, and vibration-resistant floors capable of supporting 200 pounds per square foot.