Rhode Island Governor McKee announces $165m life sciences development project to move forward

Rhode Island governor Dan McKee announced that a major life sciences development project is moving forward in the state’s Innovation and Design District on former I-195 land. The 212,000-square-foot, seven-story building will house a new public health lab for the State of Rhode Island while also providing additional lab space available for lease to organizations in the local life sciences community.

Ancora L&G — a 50/50 partnership between North Carolina-based real estate developer Ancora and the alternative asset origination arm of U.K. financial services group Legal & General, called Legal & General Capital — has been selected as the developer for the State Health Laboratories following a competitive RFP process.

“Rhode Island has momentum — and this project is crucial to ensuring the momentum continues in the areas of public health and our economy,” said Governor McKee. “We’re grateful for all the partners who came together to ensure Rh