Richmond's Holistic Approach to Life Sciences Growth

DPR Construction leads discussion on the interdependencies and efficiencies on the rise in the Richmond life sciences ecosystem

RICHMOND, Va., March 17, 2023 /PRNewswire/ -- A Virginia Bio panel discussed the need for a balanced approach to the life sciences ecosystem, leveraging the life science, healthcare, and higher education community, especially in light of recent momentum in the life sciences market in Richmond. The panel brought together Kipton Currier, Vice President of Operations at Activation Capital, Don Bush, Principal at HKS, Matt Magruder, Director of Construction Management at Virginia Commonwealth University (VCU) and Jay Stoda, Business Unit Leader at DPR Construction.

Largely attributed to a late 1990s vision, recent statewide investments have fueled VCU's research and construction plans, as well as Activation Capital's initiative to support entrepreneurs and researchers through a new 102,000-sq.-ft. Innovation Center in downtown Richmond.

A facility analysis is currently underway at VCU that will allow for a better understanding of the current spatial needs for labs and research & development space, and the anchor programs that will drive growth. Activation Capital is working in parallel with VCU in the collection of data. The anticipated results will include information on operational essentials and life cycle costs as well as food access, childcare, and housing.

Some of the biggest questions include the current utilization rates of lab facilities in the area, the high cost of entry into the market, and recruitment and community engagement.

"From flexible suites for cGMP research in clinical settings to lab conversions in office buildings dealing with more vacancy in a post-COVID world, there is a complexity to fitting new programs into existing spaces," Stoda said. "Our customers need adaptability to support interdisciplinary goals, necessitating a shift away from compartmentalized design and construction."

DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in technically complex and sustainable projects for the advanced technology, life sciences, healthcare, higher education and commercial markets. DPR's portfolio of work ranges from large-scale new construction to small tenant improvements and special projects. Founded in 1990, DPR is a great story of entrepreneurial success as a private, employee-owned company that has grown to a multi-billion-dollar organization with offices around the world. Strategically focused on delivering more predictable outcomes through applications of virtual design & construction, prefabrication, its team of self-perform craft, and leveraging data to learn and improve from DPR consistently ranks among the top building contractors and employs approximately 13,000 professionals across its family of companies. For more information, visit http://www.dpr.com.

For more information, please contact:

Lisa Ruano
DPR Construction
Tel: 908-451-9622
Email: [email protected]

SOURCE DPR CONSTRUCTION, INC

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