Biotech co-working project with $500 million price tag coming to King of Prussia

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MLP Ventures describes the The Discovery Labs concept, which will be located at the former GlaxoSmithKline campus, above, as a massive co-working spaces which include extensive infrastructure or healthcare, life-science, and tech-enabled companies. (Image courtesy MLP Ventures)

A new bio-tech campus with co-working space will continue to solidify Montgomery County and Southeastern Pennsylvania as one of the nations leading biotech corridors.

MLP Ventures, a King of Prussia-based investment firm, intends to use the former GlaxoSmithKline campus at 709 Swede Street, along with an adjacent office park to create a nearly 2 million square-foot co-working health care, life science and pharmaceutical campus dubbed Discovery Labs, writes Natalie Kostelni and John George for Philadelphia Business Journals. 

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MLP Ventures describes the The Discovery Labs concept as a massive co-working spaces which include extensive infrastructure or healthcare, life-science, and tech-enabled companies. The size and scale of The Discovery Labs co-working facilities enable enterprise level companies to work side by side with startup and emerging companies in a collaborative, corporative, exciting environment, according to their website. 

MLP has partnered with Pennsylvania Biotechnology Center of Bucks County, which will occupy 100,000 square feet of the Discovery Labs, according the Philadelphia Business Journal story. The business incubator is designed for start up companies and products to get off the ground.

To read the complete story click here. 

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