University of Maryland, Baltimore (UMB) and Wexford Science & Technology, LLC announced today that 4MLK, the newest development project in the University of Maryland BioPark, is slated to move forward with the groundbreaking in October. Delivery is slated for Summer 2024.
Plans for this building were first presented in May 2019.
The eight-story, 250,000 sq. ft. 4MLK building is Phase I of a two-phase project representing a $320-million total capital investment in Poppleton/Hollins Market. The building “will provide critical wet laboratory space in downtown Baltimore for researchers and companies, flexible lab and office/support space for start-ups, and Class A office space, along with areas for convening and a conference center.”
From a press release:
- 160,000 square feet of Class A wet lab-capable space will be available to commercial partners for build-out.
- 40,000 square feet is planned for flexible lab, office, and lab support facilities specifically designed to meet the rigorous needs of growing life science companies. These flexible lab spaces are paired with full-service amenities such as shared lab equipment, weekly networking and educational programming, and flexible terms.
- A 16,000-square-foot space for community gathering and events will encourage networking and provide educational programming opportunities for tenants, UMB, and the greater Baltimore community.
- Along with the building, the project will deliver an adjacent public plaza and an activated streetscape with retail and food and beverage venues along Baltimore Street and MLK Blvd.
- Phase II will add a second 250,000-square-foot lab/office building.
Across W. Baltimore St. from 4 MLK is a triangular park which the team hopes to improve and create into another popular gathering space.
Wexford will wrap the perimeter of the building in new landscaping. UMB and Wexford are also hoping to improve pedestrian crossings at this busy intersection.
The building is scaled down from the 10-story, 333,000 sq. ft. 4MLK proposal from 2020.