Mitch Emmons, 334/844-5964 (firstname.lastname@example.org)
David M. Granger, 334/844-9999 (email@example.com)
BUILDING OF AU RESEARCH PARK 50 PERCENT PRE-LEASED, PROJECT PROGRESSING
AUBURN - Auburn University has secured tenants for slightly more than
50 percent of the space in the first building of its new research park
and the project is on track, AU officials say.
Weve been meeting with the park development firm regularly
working out our marketing plan and strategies as well as budgetary issues,
said Chip Burson, director of program development for AUs Office
of the Vice President for Research, who is coordinating the tenant recruitment
effort with the park developer. We are actively identifying and
making contacts with potential tenants. Things are progressing very well.
Burson adds that the objective is to have the first building pre-leased
by its completion, and to have tenants identified for the second building
well in advance of its readiness. Members of AUs Research Park Task
Force also continue to iron out the fine details of construction with
the park developer.
Weve been taking a final look at our building plans and considering
the fast-rising costs of building materials and construction on our project,
said Syd Spain, of the OVPR, who is serving as the executive director
for the project representing AU. We are getting very close to finalizing
Groundbreaking for the 156-acre research park site at the intersection
of Shug Jordan Parkway and South College Street was held Nov. 17. Plans
are for the initial construction to include a 70,000 square-foot building
and a second 60,000 square foot structure. Features will include both
wet and dry research laboratory space; a business incubator for assisting
the start-up of new companies formed to commercially develop AU research
technologies, products and developments; and office space for tenant firms
and park administration.
The first buildings are slated to be ready for occupancy in late 2006
to early 2007.
It will be a true research village, said AU Vice President
for Research Michael Moriarty. Our aim is to not only expand the
research opportunities for Auburn faculty and students, but also to enhance
revenue to the university and create new jobs and an economic development
engine for the state and region.
For updates and more information about the development of the Auburn Research
Park, visit the web site at www.auburn.edu/research/vpr/RP/.
Auburn University is a preeminent land-grant and comprehensive research
institution with more than 23,000 students and 6,500 faculty and staff.
Ranked among the top 50 public universities nationally, Auburn is Alabamas
largest educational institution, offering more than 230 undergraduate,
graduate and doctoral degree programs.
(Contributed by Mitch Emmons.)
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