Montgomery Street Partners JV receives approval for $280m purpose-built life sciences project
PMB, a healthcare real estate developer, in partnership with Montgomery Street Partners, has received Superior Town Board approval on its final development plan for Coal Creek Innovation Park at Downtown Superior giving PMB discretionary approval to construct the $280 million purpose-built life sciences project.
Located in Downtown Superior, Colo., the park will be the first speculative purpose-built life sciences project in Boulder County, an area with historically low vacancy and high demand for lab space. The project will break ground in early 2023 and the first phase will include an owner-furnished, 27,000-square-foot spec suite space to enable quick occupancy for growing companies in need of high-quality lab space.
Initial plans call for three office/lab buildings ranging in size from 85,000 square feet to 150,000 square feet and a fourth building with ground-floor retail and structured parking. It is thoughtfully designed to drive productivity and foster innova