Regeneron Plans 1 Million-Square-Foot Expansion in Greenburgh
Thursday, September 15, 2016
Source: Westfair Communications
Regeneron Pharmaceuticals Inc., the state’s largest biotechnology company, will venture into real estate development with plans to build a roughly 1 million-square-foot research and development campus on a portion of a vacant 100-acre parcel in the town of Greenburgh.
Purchased last year for $73 million by Loop Road Holdings, a wholly owned subsidiary of Regeneron, the undeveloped property adjoins the company’s headquarters at The Landmark at Eastview. The parcel is on the west side of Saw Mill River Road, approximately 300 feet from the intersection of Old Saw Mill River Road and Grasslands Road.
Regeneron officials told the Greenburgh Town Board this month that the fast-growing company plans to construct nine buildings totaling 1,016,190 square feet of research and development space on the site, in addition to five parking structures, some of which will be underground. Building sizes will range from 40,000 square feet to 280,000 square feet.