1 min read
Posted on 10.30.07
  • 1 min read
  • Posted on 10.30.07

From the St. Louis Business Journal:

A $235 million building constructed on the campus of Washington University School of Medicine will be the home base for BioMed 21, the university’s research initiative designed to speed scientific discovery and rapidly apply breakthroughs to patient care, the university said Tuesday.

The 700,000-square-foot, 11-story building will be the largest building ever constructed on the Washington University School of Medicine campus. It will be located at the southwest corner of Euclid Avenue and Children’s Place and will be known as the BJC Institute of Health at Washington University, after BJC HealthCare donated $30 million to the medical school.

The BJC Institute will house five BioMed labs and support facilities along with two School of Medicine academic departments and some Barnes-Jewish Hospital support operations. The Department of Pathology and Immunology and the Department of Obstetrics and Gynecology are the two departments. The project is scheduled for completion in December 2009.

BioMed 21 creates a multidisciplinary research imperative for scientists and researchers from different medical disciplines.

A Washington University spokesman said Barnes-Jewish will pay $121 million for half of the building’s space. The remaining $114 million Washington University owes is covered by: the $30 million BJC gift; $25 million in debt; $10 million from reserves; and $49 million from research grants and contracts.