NEW HAVEN, Conn. (WTNH) — The New Haven Board of Alders have unanimously passed a development consisting of lab, research, and incubator space on Monday.
Phase one of the Downtown Crossing started in 2013. The recent announcement will fall under the third and final phase of the project.
“Our foremost priority continues to be managing and mitigating the devastating effects of this pandemic; however, we must continue to move forward to further establish New Haven as a significant bio-cluster hub in the State and innovation is the key to spark growth and create a significant rebound for our local economy,” said Mayor Justin Elicker.
The new development will take place at 101 College Street for a proposed 10-story, 400,000 – 500,000 square-foot development. This project supports New Haven’s bioscience economy. It’ll not only create nearly 900 new jobs, but it’ll impact the city’s tax base and has some community benefits associated.
For instance, designated funding for scholarships. Career High School in the Hill neighborhood will be the feeder program to the BioPath initiative in conjunction with Gateway Community College and Southern Connecticut State University.
“We are very excited to break ground on 101 College Street in the near future, and we look forward to working with our partners at the state and federal level to see the project through to completion in 2022,” said Michael Piscitelli.
Officials highlighted features of the new development for community access that include:
- Plaza is a public space available for outdoor programming, mentorship, and collaboration
- Dedicated classroom for New Haven Public Schools
- An incubator supporting community-based entrepreneurship
The development can also help with upcoming science and technology career pathways in the city along with new programs. It was also decided the developer will be required to meet workforce goals including hiring minimums of 25% New Haven residents, 25% minority and 6.9 % women.
Construction is set to start in August of this year and is expected to wrap up November 2022.