LOUISVILLE, Ky. (WDRB) — The University of Louisville unveiled plans Thursday for a $70 million bioscience hub.
It's the first piece of the university's planned 37-acre innovation park, according to our partners at Louisville Business First.
The 70,000-square-foot Center for Bioscience will be built on the former Kentucky Trailer property near South 3rd and South Brook streets, adjacent to the J.B. Speed School of Engineering.
LBF reported the hub will be custom-designed for research and innovation teams from UofL's Health Sciences Center and Belknap Campus. That includes researchers from biosciences engineering, computational science and related disciplines.
It will feature wet and dry laboratories, computational laboratories, shared core facilities, collaboration spaces, conference facilities and research offices. University leaders said the spaces will facilitate activities such as design, prototyping, testing of biomedical technologies, translational research and applied technology development addressing real world health issues.
The goal is to accelerate discovery, innovation and technology development.
UofL's planned innovation park will include additional academic and industrial facilities, living spaces, a restaurant, parking and greenspace. (Rendering courtesy of UofL via Louisville Business First)
"The Center for Bioscience represents a strategic investment in the university’s research enterprise and will transform the regional innovation ecosystem," UofL President Gerry Bradley said in a news release. "The larger vision for an innovation park will further drive collaborative research and expand our connection with industry and the community."
The UofL Foundation purchased the property in 2008 for $19.5 million, LBF reported, citing a deed filed with the Jefferson County Clerk's Office.
It's unclear right now when the university plans to break ground on the facility or when it's expected to be finished.
It's the first piece of the university's planned innovation and research park, announced in 2023, between the campus and L&N Federal Credit Union Stadium. Plans revealed Thursday include additional academic and industrial facilities, living spaces, a restaurant, parking and greenspace.
The goal of the park is to facilitate industry collaboration, the university said, allowing companies to work with Louisville students and university researchers to form partnerships, accelerate commercialization and fuel economic growth.
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