J. Small Investments, in partnership with Lyda Hill Philanthropies, has unveiled plans for Pegasus Park, a 23-acre, mixed-use office campus designed to bolster local biotech, social impact, and corporate innovation. The development will feature four components: a biotech “plus” hub, a social impact hub, entertainment/dining venues, and commercial tenants.
The North Texas Biotech Hub is a key component of Pegasus Park. The envisioned Biotech Hub will offer approximately 37,000 sf of premium, flexible lab, training, and office spaces dedicated to life science innovation. The project will provide tenant-driven services and cost-effective month-to-month leases for science and tech entrepreneurs.
A community of social impact, nonprofit, and philanthropic tenants, dubbed Water Cooler, will offer 150,000 sf of flexible office space for collaboration and problem solving. Nonprofit Water Cooler tenants will receive subsidized rent, access to philanthropic funds for furniture and infrastructure, and free or low-cost amenities and services designed to accelerate their respective missions.
See Also: Never waste a crisis
Entertainment, dining, and services will include a local craft brewery, taproom, accompanying restaurant and beer garden; an onsite cafe offering catering and grab-and-go selections; and an indoor/outdoor lounge serving cocktails and coffee that will be open to the public.
Finally, approximately 550,000 sf of modern renovated office space will be available to commercial tenants.
The interior and exterior areas of Pegasus Park will be designed with flexibility to accommodate social-distancing, high-level cleaning protocols, and the latest technology to protect tenants and visitors.
GFF is designing the project with Scott + Reid as the general contractor. The project is slated to open in early 2021.
Related Stories
Mixed-Use | Jan 16, 2018
Mixed-use development under construction in Detroit’s central business district
The development is being built on the former site of the Statler Hotel.
Mixed-Use | Jan 5, 2018
USC Village is the largest development in the history of the University of Southern California
USC Village comprises six buildings and 1.25 million sf.
Mixed-Use | Jan 3, 2018
A Houston luxury apartment complex has its own co-working space
The new community is located in the economic and population center of Houston.
Mixed-Use | Jan 2, 2018
Food incubator will support entrepreneurs on Chicago’s West Side
Designed by Wight & Company, the 67,000-sf food incubator development in Chicago’s East Garfield Park neighborhood will also serve as the new headquarters for the nonprofit Accion Chicago.
Mixed-Use | Dec 12, 2017
A new live/work neighborhood is about to get under way in Omaha, Neb.
Walkability and recreation will be key features of West Farm.
Mixed-Use | Dec 12, 2017
Construction begins on Phase I of $240 million mixed-use development in Boston
Fenway Center will span 4.5 acres between Brookline, Beacon Street, David Ortiz Way, and the Massachusetts Turnpike.
Mixed-Use | Nov 17, 2017
Riverton will be the largest mixed-use project in New Jersey history
The 418-acre waterfront development will sit on the Raritan River.
Mixed-Use | Nov 1, 2017
18-story residential tower breaks ground near Temple University
The tower will provide apartment units for students and young professionals.
Mixed-Use | Oct 19, 2017
Mixed-use Dubai tower will have the world’s tallest ceramic facade
The 63-story tower will house a Mandarin Oriental hotel, residences, and restaurants.
Mixed-Use | Oct 6, 2017
Omaha gets its first entertainment district
Leo A Daly designed the mixed-use development, which takes advantage of a new city ordinance that allows alcoholic beverages outdoors.
