Ancora invests $84 million for labs here and in R.I.

Ancora L&G will develop a multi-million dollar lab at Science Square Innovation District in Atlanta, Georgia, officials of the company said.

The privately held company, which is based in Durham, N.C., announced the Atlanta project in conjunction with a similar development in Rhode Island, a project anchored by Brown University.

Together, the two projects amount to an $84 million investment with more than 300,000 square feet of science and health lab space. Ancora did not project their value individually.

The Atlanta plan is set for 387 Technology Circle, with 28,000 square feet adjacent to the Georgia Tech campus in the city’s Midtown.

The company’s aim is “to invest in and build a premium portfolio of science and technology assets in U.S. markets, in partnership with high quality anchor institutions,” according to a statement from Ancora.

The company described Atlanta as a top market for life sciences.

The property currently has four tenants, the company said: Georgia Tech, CardioMEMS, Kemira Chemicals, and VERO Biotech.

About the Author

Homeless camp cleared but memories of man killed there live on

The clearing comes after years of pressure from community stakeholders, including businesses and developers, to shut down a camp that obstructs traffic.

2h ago

Atlanta attorney, Emory Law grad presumed dead in Texas floods

An Atlanta attorney is among those presumed dead after heavy flooding devastated parts of Central Texas over the July Fourth holiday.

Suspect charged with murder in July 4 carjacking at Cobb apartments

Damaree Baker was arrested Thursday, nearly a week after officials said he fatally shot Cody Chavous while trying to steal his vehicle.

The Latest

Credit: Ben Hendren

Homeless camp cleared but memories of man killed there live on

2h ago

Atlanta attorney, Emory Law grad presumed dead in Texas floods

Suspect charged with murder in July 4 carjacking at Cobb apartments

Featured

Credit: HYOSUB SHIN / AJC

Georgia disability rights advocates fear weakening of U.S. accessibility law

Advocates worry the Department of Energy’s move could be the start of a broader effort by other federal agencies to roll back civil rights rules.

From boycott to ballgame: Baseball’s political All-Star Game saga returns to Georgia

MLB pulled the 2021 All-Star Game from Georgia over the state's voting law, Senate Bill 202. Now it’s back — and Republicans say the return proves they were right all along.

OPINION

Beyoncé’s ‘Cowboy Carter’ tour pushes fans outside the norm

Preparations for the show pushed people out of their comfort zones — into new stores, new communities, a new style of dress, and in some cases, to visit new cities.