The University of Texas-Austin has committed to open Impact Labs, a 10,000-square-foot wet lab space that will be part of the innovation and research spaces at Karlin Real Estate’s Parmer Austin project on Parmer Lane just east of I-35. The life sciences lab space will be managed by UT’s Discovery to Impact program, which helps to cultivate promising research into the commercial marketplace. Life sciences have a growing footprint in the Austin economy and real estate marketplace, with prices reaching $369 per square foot in July, according to real estate services firm Commercial Edge. That figure put Austin fourth among major metro areas, behind only the Manhattan submarket, San Francisco and San Diego. Other tenants planned for the Parmer Austin project include Apple, 3M, Infosys, Cognizant and Qualcomm.
Chad Swiatecki is a 20-year journalist who relocated to Austin from his home state of Michigan in 2008. He most enjoys covering the intersection of arts, business and local/state politics. He has written... More by Chad Swiatecki