The Fitzsimons Redevelopment Authority (FRA) is expanding its Bioscience Park Center (BPC) by roughly 50% with an $8 million, 37,000-square-foot accelerator structure.
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Fitzsimons Redevelopment Authority Announces $8 Million Expansion
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Fitzsimons Redevelopment Authority Announces Second Phase of Strategic Refocus With $8 Million
Expansion to Bioscience Park Center with 37,000‐Square‐Foot Accelerator Facility
The Fitzsimons Redevelopment Authority (FRA) is expanding its Bioscience Park Center (BPC) by roughly 50%
with an $8 million, 37,000‐square‐foot accelerator structure. The new accelerator space will be leased to
existing tenants graduating from the incubator and other companies in the modest growth stage.
Aurora, CO, December 12, 2011 ‐ In furtherance of its renewed commitment to support the growth of early‐
stage Colorado bioscience companies, especially those developing technologies from Colorado's research
institutions, Fitzsimons Redevelopment Authority (FRA) is expanding its Bioscience Park Center building (BPC)
with an $8 million, 37,000‐square‐foot accelerator facility, increasing the BPC in excess of 50 percent. The
announcement is made by Denise Brown, FRA Interim Executive Director, who says, "The new accelerator
space will be leased to companies in the modest growth stage. We have a number of companies in the BPC
incubator ready to make this advancement in addition to interest from other companies, both in‐state and
out‐of‐state, as well."
The FRA Board of Directors has been working with FRA staff, FRA's real estate development partner Forest City
Science + Technology Group, consultants and lenders for the past several months to finalize this expansion.
Based on the team's recommendation, the three‐story accelerator will be built to the west of the current
building with a new parking lot located to the north of BPC. Ground broke in October and construction has
been progressing since, with completion expected by June, as recently reported in the Aurora Sentinel,
http://www.aurorasentinel.com/email_push/news/article_95c4538e‐1792‐11e1‐a67e‐001cc4c03286.html.
According to Brown, expansion of the BPC structure with the accelerator has these advantages:
FRA's BPC site is adjacent to the University research facilities.
Tenants will have easy access to the amenities already in place at BCP, thereby eliminating the need to replicate
conference rooms and other amenities in the expansion.
The expansion is capable of housing highly technical life science research and development activities
The expansion connecting to an existing building creates cost savings for tenants as compared to stand‐alone
new construction
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