Back in April 2021, Matan Companies announced plans to transform its Milestone Business Park in Germantown into a vibrant and collaborative life sciences destination known as Milestone Innovation Park.
The transformation will include the addition of 532,000 square feet of best-in-class bio-manufacturing and life science research space in three, brand new facilities. Milestone Innovation Park is located at Milestone Center Ct near William B. Gibbs Elementary School and sits along the I-270 Biotech Corridor with prominent visibility on I-270 at Father Hurley Boulevard in Germantown. Once complete Milestone Innovation Park will be one the largest, science-based destinations in the BioHealth region at over 1.2 million square feet.
“This is not a simple rebranding or office conversion,” said Mark Matan of the Matan Companies. “We are going to deliver three, next generation biomanufacturing and research buildings. Milestone already consists of 40% research, development, and tech manufacturing users, so this is a natural evolution. The existing Class A office space will allow for co-location of collaborative, synergistic users to support the research, production, supply-chain, technological needs, and administrative support of the rapidly evolving life sciences industry”.
The project has been slated to break ground early this year and be fully complete by summer 2023, this will be the premier location for companies with large research and bio-manufacturing requirements. Fronting I-270, the development offers 33’ clear ceiling heights to accommodate a wide array of bio users and their supply chain, as well as 40’x40’ column spacing and significant floor loads to support their mezzanine requirements. Tenants can expect ample parking and loading spaces, solar vehicle charging stations and secure outdoor equipment areas.
“As Montgomery County’s BioHealth region continues to mature from early stage to large scale commercialization, there is a burgeoning demand for facilities that are more technical in nature to meet tenant’s biomanufacturing production needs,” said Pete Briskman, Broker Lead for JLL’s Maryland Region. “Milestone Innovation Park will fit this immediate need and will help further solidify Maryland as one of the country’s top BioHealth clusters.”
Matan intends to take advantage of Montgomery County’s new “Speed to Market” initiative. This new program will provide a more streamlined, concurrent review of the sketch, preliminary, and site plans, saving valuable time for potential new tenants and helping spur new economic and employment growth opportunities in the county.
“The need for Milestone Innovation Park demonstrates how quickly the demand is rising for life sciences companies looking to locate, expand and grow in Montgomery County,” said Benjamin H. Wu, MCEDC President and CEO. “This smart and significant investment by Matan Companies recognizes our fast-paced growth as an international Immunology Capital. Global leaders are drawn to our highly educated workforce and proximity to NIH, the world’s largest federal researcher, and the FDA, the world’s largest federal regulator. The timely completion of Milestone Innovation Park will help create faster access to the biomanufacturing and research space sought out by immunology companies.”
Recent Stories
By Ben Shlesinger On a recent trip to Springfield, Massachusetts I decided to swing by the Basketball Hall of Fame. It was either that or the Dr. Seuss Museum. I’d…
Montgomery County Fire and Rescue Services (MCFRS) and Rockville City Police responded to a collision involving a vehicle into a tree on Sunday, May 5, in Rockville.
Detectives from the Montgomery County Department of Police – Special Victims Investigations Division (SVID) are asking for the public’s assistance in locating Asia Renee Jackson, a missing 14-year-old from Damascus.
Montgomery County Police responded to a shooting in the 18900blk of Mills Choice Rd in Montgomery Village on Saturday, May.
FREE Shred Day
Join us at Lafayette Federal Credit Union for a Free Community Shred Day, an event dedicated to helping you protect your privacy and the environment! Bring your old bank statements, bills, medical records, and any other paper documents that need secure disposal, and we'll take care of them on the spot.
Why You Should Come:
Protect Your Privacy: Safely shred sensitive documents to help prevent identity theft.
Eco-Friendly: All shredded material will be recycled, supporting our commitment to sustainability.
Complimentary Breakfast: Enjoy a free breakfast on us--start your day right with good food and good company!
Exciting Giveaways & Prizes: Don't miss out on giveaways and be sure to enter our drawing for a chance to win one of four $100 gift cards.
This event is open to all! It's a fantastic opportunity to clean out those old documents cluttering up your home, safe in the knowledge that they will be disposed of securely. Plus, it's completely free!
Don't miss out on this chance to declutter safely, enjoy some free treats, and possibly win a great prize. We look forward to seeing you there, rain or shine!
For more information, contact us at www.lfcu.events/shred.
FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.
Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.
As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.
Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.
LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!
MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME
2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES
KIDS 12 & UNDER FREE!!!
