The Seattle Times is reporting that ZymoGenetics will keep a presence in its iconic building, the former Lake Union Steam Plant, at the south end of the Eastlake neighborhood.
There had been a question about whether Zymo would remain in the building after the company was purchased by Bristol-Myers Squibb last year.
The Times quotes a Bristol-Myers Squibb spokesperson as saying the firm would maintain offices in the building. The Times says local officials say there will be about 275 people in the Zymo office, but the Bristol-Myers Squibb spokesperson couldn’t confirm that.
Read more of the Times report here.
New building proposed: The Times is also reporting that Alexandria Real Estate Equities is planning to build a six-story biotech building across the street from Zymo at 1150 Eastlake Ave. E. There’s a 60-year-old, single story building and parking lots on the site currently.
Alexandria’s plans include asking the city to vacate East Nelson Place, a dead-end street at the north end of the development site.
Alexandria is also developing a smaller building at 1165 Eastlake Ave. E., across the street from 1150, according to the Times. The firm currently owns two buildings in the area.
Read more of the Times story here.