research

Today's grand opening of phase one at the new University of Miami Life Science & Technology Park is about more than the debut of a shiny new building by national research park developer Wexford Science + Technology.

Is the new University of Miami Life Science and Technology Park the key component to the emergence of the life sciences/biotech sector in Miami? According to Jones Lang LaSalle's Rich Schuchts, this project is a “game changer” for the regional economy, and that real estate brokers can be tapping into a “pot of gold.”

 Recognizing that a truly international city requires a diverse economy capable of riding out down cycles, Miami is now turning to the life sciences and biotechnology sector as the proverbial “third-leg” of the economic stool – with the region’s proximity to the Americas playing a key role in that plan. At the center of this ‘big bet on biotech’ is the University of Miami Life Science & Technology Park (UMLSTP), a state-of-the-art research complex underway in Miami’s Health District.