During his State of the City address, Mayor Eric Adams on Thursday announced plans to open a $20 million biotech innovation hub at the Brooklyn Navy Yard. The “first-in-the-nation incubator” would include 50,000 square feet of office, lab, and programming space for biotech startups and companies at the former shipyard, as THE CITY first reported.
A conceptual rendering of the SPARC Kips Bay campus. Courtesy: New York City Economic Development
A $1.6 billion state-of-the-art life sciences hub will open in Kips Bay, Gov. Kathy Hochul and Mayor Eric Adams announced Thursday. Located on East 25th Street and First Avenue, the Science Park and Research Campus will provide modern facilities for 4,500 City University of New York students, as well as an ambulatory care center, a Health + Hospitals training center, a health care and sciences high school, and a training center for forensic pathologists. SPARC Kips Bay will be funded jointly by the city and state with additional private investment, according to officials.