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BROAD HOLLOW BIOSCIENCE PARK
• Located on the Farmingdale State College campus
April 2008
Broad Hollow Bioscience Park
CORPORATION
• June 1999 – NYS Legislation for 20 acres Bioscience Park
• July 1999 – BHBP corporation formed and 30 year Operating Agreement signed by BHBP & SUCF
April 2008
Broad Hollow Bioscience Park
CORPORATION
• Tax-exempt corporation• Controlled by 2 member organizations
– Cold Spring Harbor Laboratory
– Farmingdale State College
– The Research Foundation of SUNY
April 2008
Broad Hollow Bioscience Park
LOCATIONS
April 2008
Broad Hollow Bioscience Park
B-QNassau
Suffolk
L o n g I s l a n d
CSHL FSC
CONCEPTUAL ISSUES
• BHBP 30-year Operating Agreement– State funded the building construction
– State owns the facilities
– State owns the land
• BHBP subject to state laws– Lease agreements, State is the landlord
– Fit-out work, interior changes
– Can take months for approvals
April 2008
Broad Hollow Bioscience Park
CONCEPTUAL ISSUES
• Changing Operating Agreement and / or pass Legislation– BHBP can sign lease agreements
– BHBP can perform required work to meet tenant needs
– Land lease option?
April 2008
Broad Hollow Bioscience Park
KEY DATES
• September 2000 Building I partially opened– 10,000 s.f. of 50,000 s.f. facility
• Sept 2000 to June 2002– Facility expanded from 50,000 s.f. to
63,500 s.f.– OSI Pharmaceuticals became anchor
tenant
April 2008
Broad Hollow Bioscience Park
KEY DATES
• June 2002– OSI anchor tenant in
53,500 s.f.
– Two companies in 10,000 s.f
– State investment of $22.5 million
April 2008
Broad Hollow Bioscience Park
KEY DATES
• Dec 2004 – Building II• Shell construction Nov ‘06• Mar - April 2008 fit-out
– 43,000 s.f.– $20 million– $3.4 million provided by
BHBP
April 2008
Broad Hollow Bioscience Park
GOING FORWARD
• Third facility for critical mass• Incorporate program into master plan of
local townships• Bridge Manhattan activity to Long Island• Eventually link SUNY SB into corridor of
development• Foster opportunities for converging
technologies
April 2008
Broad Hollow Bioscience Park
LOCATIONS
April 2008
Broad Hollow Bioscience Park
B-QNassau
Suffolk
L o n g I s l a n d
CSHL FSC SB
LOCATIONS
April 2008
Broad Hollow Bioscience Park
B-Q
Nassau
Suffolk
L o n g I s l a n d
CSHL FSC SB
BNL
DS
NS-LIJ
LOCATIONS
April 2008
Broad Hollow Bioscience Park
CT
NY
NJ
Queens Nassau
Suffolk
LONG ISLAND
MANHATTAN
INDUSTRY FOUNDATION
• Over 10 world-renowned research institutions in NYC to LI area
• 800,000 s.f. of research space being developed as East River Science Park
April 2008
Broad Hollow Bioscience Park
LOCATIONS
April 2008
Broad Hollow Bioscience Park
CT
NY
NJ
Queens Nassau
Suffolk
FSC
Cold Spring HarborLaboratory
LONG ISLAND
MANHATTAN
PLAN
• East River Science Park
• Lease rates estimated to be ~$70
• Company expansion options
• CSHL has started 15 companies
April 2008
Broad Hollow Bioscience Park
110 Bioscience Corridor
• Lease rate of one-half Manhattan• Previous era of aero-defense provides
facility expansion options• Local township developing master plan
- LIRR, multi-flex space• Expansion eastward to SUNY SB &
BNL
April 2008
Broad Hollow Bioscience Park
LOCATIONS
April 2008
Broad Hollow Bioscience Park
B-Q
Nassau
Suffolk
L o n g I s l a n d
CSHL FSC SB
BNL
DS
NS-LIJ
FOUNDATION
April 2008
Broad Hollow Bioscience Park
PLAN
April 2008
Broad Hollow Bioscience Park
B-Q
Nassau
Suffolk
L o n g I s l a n d
CSHL FSC SB
BNL
DS
NS-LIJCRO
FUTURE
• Develop 110 Bioscience Corridor• Expand eastward to SUNY SB and BNL• Develop into Long Island corridor• Convergence of technologies with
SUNY SB and BNL - nanotechnologies
April 2008
Broad Hollow Bioscience Park
