The life sciences campus northwest of downtown is expanding with new construction.
The campus includes a brewery and restaurant operated by Community Brewing Co. There are plans to redevelop two existing warehouse buildings into research and development lab space.
“Pegasus Park is positioning itself as the preeminent innovation and life sciences business hub in the central United States,” Hall Structured Finance’s Allyson Van Blarcum said in a statement. “Its diverse tenant mix of for-profit and non-profit organizations has created a vibrant environment for idea sharing and collaboration in service to the Dallas life sciences and biomedical community and beyond.
North Texas’ life sciences labor pool has increased by 17% since 2019, surpassing the average national growth of 13.7%, CBRE reported. Research and development employment in D-FW has grown 44.5% since 2019, coming in only behind New Haven, Conn. and Nashville, Tenn. .Chelsea Story , vice president with CBRE’s life sciences practice in Dallas. “Our region attracted $1.6 billion in life sciences venture capital funding between 2018 and 2022, and the only limitation we have is the demand for life sciences facilities outpacing supply. Life sciences companies want to be in DFW and utilize our growing talent, and as developers continue to build and deliver new space, the sector will continue to grow.
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