Opening of community lab space for bioscience startups completes VelocityTX’s Eastside campus
https://sanantonioreport.org/new-lab...s-san-antonio/
"With the opening of 5,000 square feet of new community lab space at its Eastside campus Thursday, VelocityTX will celebrate a major milestone: the complete build-out of the once crumbling Merchants Ice complex into a manicured, high-tech campus where more than 200 employees work each day.
VelocityTX, formerly known as the Texas Research & Technology Foundation, was founded 40 years ago to promote economic development. Its mission has sharpened in recent years to focus on supporting the city’s biosciences sector and acting as a catalyst for growth on the East Side....
With the completion of the Merchants Ice complex property, VelocityTX can turn its full attention to the G.J. Sutton property just a block south, which it plans to develop over the next several years into a similar, albeit larger, innovation campus, ideally anchored by a military medical research tenant.
VelocityTX’s ultimate goal, or “North Star,” as Dominguez puts it, is to create an innovation district across roughly 70 acres of underdeveloped or industrial acreage on the East Side into mixed-use spaces centered around biosciences and military medical research, which is being consolidated under the Defense Health Agency.
Health care and biosciences already make up the largest single sector of San Antonio’s economy, estimated at $44 billion annually. Second only to that is the military’s economic impact here, which the Texas Comptroller’s office estimated was $39 billion in 2021...."
This, combined with UTSA, is starting to create the possibility of a whole new dimension to downtown.