University of Miami

The University of Miami Life Science & Technology Park (UMLSTP), located at 1951 NW 7th Avenue on the east end of the Health District, is partnering with the Overtown Music Project and Lincoln Automotive in a special test drive event featuring Lincoln’s brand new lineup of 2013 hybrid vehicles.

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.

**WARNING: BLATANT SELF PROMOTION AHEAD** The last few months have been rather busy over here at Schwartz Media Strategies, so we're just now g

South Florida's real estate market has been waiting for a jolt of new-to-market lease activity for many months now and  it's looking more and more like the University of Miami Life Science & Technology Park is going to be just the catalyst for that positive absorption.

For years, we've been hearing about South Florida's eventual emergence as a global center for the life science industry. We're now seeing progress in that direction: the UM Life Science & Technology Park has signed the University of Miami as its first major tenant. The idea is that the discoveries under development at UM and throughout the adjacent Health District will serve as a magnet for international companies and organizations working to advance their own research. Good news for the park, the University, and the South Florida economy.