Innovation Quarter in downtown Winston-Salem is growing with the recent acquisition of the 190,000-square-foot Linden Center.
The three-story building purchased for roughly $12 million had been an operations center for Wells Fargo. It’ll now be repurposed as a flexible laboratory and biomanufacturing space.
Isaac Perry heads biotech and life sciences ecosystem development for Innovation Quarter. He says they’re currently at 90% capacity, and business is booming.
"We are seeing so much activity and interest in regenerative medicine, taking a body’s cells and using them and pre-programming them to help heal the body, different than a medical device or pharmaceuticals in that this is a true cell manufacturing, this new industry that's sort of growing and forming before our very eyes here in Winston-Salem," he says.
Perry says the Linden Center building is just one part of Innovation Quarter’s expansion to roughly twice its current footprint. The second phase will add another 2 million square feet of mixed-use development, including labs, office space, retail outlets, residential units, and public gathering spaces.