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News

What's New with NP?

8/12/2022

 
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POTUS Visits the Somerset Project
In 2015, NP led a consulting team to identify possible reuse options for the 300 acre Brayton Point Power Plant which at the time was New England’s largest fossil fuel plant. NP assessed surrounding neighborhood context, environmental constraints, coastal and zoning regulatory regulations, and traffic considerations. The NP team created some potential redevelopment scenarios including one as green energy hub and marine industrial center. Once so notorious for pollution it topped a list of the “Filthy Five” most environmentally harmful plants in the state, Brayton Point is now poised to be integral to the production and distribution of wind energy. President Joe Biden launched a federal-state partnership committed to growing the offshore wind power industry last month, with the specific aim of bolstering the supply chain needed to get wind farms up and running. The transformation of Brayton Point served as the backdrop for the launch of his plans to combat climate change. Watch his press conference here.

Intel to Build $20 Billion Manufacturing Facility in Licking County Ohio
As a industry sector partner with Planning NEXT, NP is working with a group of public and private leaders in Licking County to create a countywide strategic growth management plan to prepare for Intel’s $20 billion chip manufacturing facility. The Intel project is set to utilize over 1,000 acres east of Columbus, and is also expected to create 7,000 construction jobs and 10,000 indirect jobs. It is possible this stage is just the first part of a $100 billion investment by the company thanks to the CHIPS Act.

Greater Philadelphia Cell and Gene Therapy Industry 
In 2018, for the PIDC and the CEO Council for Growth, NP performed an analysis of the cell and gene therapy industry, and assessed the infrastructure required to support Philadelphia's continued leadership in this emerging industry.  NP's work included examining the different approaches to make these products; their facility needs; and the amount of product development and company formation taking place. NP identified the role of University City and identified the adjacent areas critical for biologics production. Here are some exciting updates since the analysis was conducted:
  • Audrey Greenberg, Co-Founder and Executive Director of The Discovery Labs in Philadelphia, touted the advantages for companies found in the ecosystem known as “Cellicon Valley“, and predicted the city could become one of the most important hubs for the biopharma industry in the world.
  • ​The Philadelphia region’s life sciences industry saw a record number of initial public stock offerings in 2020 with six companies rolling out IPOs totaling nearly $70 million.
  • In October, Philadelphia was ranked seventh out of 10 in the U.S. biopharma clusters list compiled by Genetic Engineering and Biotechnology News.
  • ​Overall, there are 70,000 employed in the life sciences industry in the region, and more than $1.25 billion in venture capital was raised by Philadelphia-area life sciences firms in the first half of 2021. 

Overland Park, Kansas
As part of the Planning NEXT team, NP is assessing the overall economic environment for the city of Overland Park. Overland Park, which was voted the number 1 place to raise a family in 2019 by Livability, is the second-most populous city (Pop. 197,000) in Kansas. The plan will guide future growth, redevelopment and land use. It will focus on implementation, with a strong commitment to community engagement and a focus on key social and environmental issues. 

​Breaking Ground on New Haven Bioscience Lab
In May 2021, NP’s collaborative plan for developing more lab space on Downtown Crossing in New Haven was approved. Late last month, the developers broke ground on the 10 story, 500, 000 square foot bioscience building in New Haven, CT. The new lab space is located in Downtown Crossing - the ongoing Route 34 Highway Reclamation project. NP has partnered with the City of New Haven and Yale University on several initiatives related to life sciences and innovation in the city.  NP also provided transaction support to the city during the due diligence and review phase of the 101 College St project.

Evanston, Illinois
NP is assessing the economic conditions of Evanston’s business corridors as part of the Interface Studio team and devising a reinvestment strategy for the city's business districts. Evanston, a city of 75,000, is located 12 miles north of Downtown Chicago. Evanston consists of 9 business districts. COVID, plus the changing nature of retail, has impacted these districts greatly. The purpose of this project is to understand Evanston’s commercial landscape, identify gaps, evaluate the competitive trade area, evaluate the potential of each business district, and identify physical improvements supportive of business district activities.

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