May 17, 2019
Sterling Bay plans to adapt its playbook for the West Loop and Fulton Market District to create a life science community in Lincoln Park. The development firm revealed plans for Prysm Life Sciences, which seeks to retain talent and life science technology in Chicago, while recruiting major life science and healthcare institutions to its campuses.
“Our vision is to establish multiple synergistic life science lab centers that align resources between academia, industry, civic accelerators, patient foundations and contract research services to efficiently develop new health care products and solutions,” said CEO Andy Gloor. “If we really want to be a life science center, then we need to build and maintain it.”
Among other components, the Prysm Life Sciences initiative includes a medical research campus at 2430 North Halsted, currently undergoing renovation. CBRE’s David Saad is leading efforts to recruit established companies to take space at the 120,000-square-foot facility.
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