In leasing space at 100 College St., Yale connects medical, central campuses
In furtherance of the university’s academic priorities, Yale has entered into a lease at 100 College St. in New Haven, an ideal location that connects the university’s medical and central campuses, Provost Ben Polak announced today.
Among the potential uses of the newly leased space is support of initiatives recommended by the University Science Strategy Committee (USSC), which was charged by President Peter Salovey and the provost to develop a strategic plan for science, technology, engineering, and mathematics (STEM) that could be implemented in the coming decade.
“The USSC’s recommendations include areas where the university can build on existing strengths across disciplines, departments, and schools to discover new knowledge about the natural world, solve pressing technological and scientific challenges, seek new opportunities in education, and advance research,” Salovey said in accepting the recommendations in November 2018.
Announcements about how the Yale space at 100 College St. will be utilized to support the university’s academic priorities will be forthcoming as implementation of the USSC’s recommendations and other initiatives are finalized.
Yale will lease space in the building that is also occupied by Alexion Pharmaceuticals. Alexion will continue to lease approximately half of the building, including occupying all of its existing laboratory space, with about 450 employees. Invicro, a software imaging company involved in translational drug discovery and development, currently occupies one floor in the building. While advancing the university’s academic mission, Yale’s lease also ensures that a significant downtown building remains fully occupied. The 100 College St. facility strengthens New Haven’s position in the bio-science industry.
Yale will lease the space from the building’s landlords, Winstanley Enterprises, LLC and Ventas, Inc. Ventas, a real estate investment trust (REIT), also serves as Yale’s landlord at nearby 300 George St. According to Winstanley Enterprises, 100 College St. represented the first phase of the City of New Haven’s Downtown Crossing Initiative to facilitate urban development and revitalization. The 14-story, 513,000-square-foot, LEED-certified office/lab/biotech building includes an 850-space garage and a rooftop garden.