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Biotech Boom May Hit Hamden
Town officials in discussion with developer for 500,000-square-foot facility
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Business New Haven
4/3/2000
By: BNH
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Much like June, biotech, it seems, is busting out all over.
A private developer has been speaking with Hamden town officials about siting a biotechnology park in the southern part of town west of Dixwell Avenue not far from the New Haven line.
Hamden economic-development officials will ask the town's Legislative Council to approve a package of tax incentives in order to close a deal with the unnamed developer, according to published reports.
To become eligible for tax breaks, the 15- to 20-acre parcel would need to be rezoned as a railroad depot zone to make businesses there eligible for a five-year 80-percent tax abatement, as well as a 25-percent abatement on corporate business taxes.
Town economic-development officials hope to bring a specific proposal before the Planning & Zoning Commission in June.
The announcement is merely the latest development in biotechnology's rapid-fire ascendance in the New Haven area.
The former SNET building at 300 George Street was recently sold by developer Robert Matthews to the Massachusetts-based Winstanley Co., which plans to convert the 500,000-square-foot behemoth into laboratory space for growing biotech firms. Achillion Pharmaceuticals has already signed on as a tenant.
Bayer's North American Pharmaceuticals Division has leased a new 33,000 science facility in Woodbridge and is working on a 125,000-square-foot chemistry research facility and technology center in West Haven.
New Haven's Science Park, slated to be managed by a private developer (see story, page 1), has developed 350,000 square for laboratory and office space.
According to published reports, the proposed Hamden biotechnology park would be 500,000 square feet or more and be sited between the New Haven Water Co. and Pathmark Plaza.
The town's Legislative Council may as early as the first week of April approve a resolution allow the mayor to apply for the zoning change that would permit the project to move forward.
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