Adventist and Percontee Lay Out Vision for LifeSci Villiage in White Oak near FDA

Posted Date: 
January 12, 2012

 

 
Jonathan Genn (left), Percontee and Geoff Morgan (right), Washington Adventist Hospital, address the Economic Development Committee

Committee Co-Chair Stewart Edelstein, Executive Director, Universities at Shady Grove, welcomed the committee and introduced Geoff Morgan, Vice President, Expanded Access, Washington Adventist Hospital and Jonathan Genn, Executive Vice President & General Counsel, Percontee, Inc to discuss the LifeSci Village development project in White Oak near the Food and Drug Administration (FDA).
 
Morgan began the discussion with details of the Washington Adventist Hospital’s Initiative to move adjacent to the FDA. The goal of the project is to create a modern, 21st century replacement hospital and medical campus in the hospital’s existing primary service area. The hospital’s current site is difficult to access, has insufficient space for critically needed outpatient services and doctor’s offices.
 
Although the hospital will have slightly fewer inpatient beds than the existing hospital, it will be located adjacent to the FDA, which will build on existing research collaboration for the benefit of public health. Washington Hospital will also retain their campus in Takoma Park for health care services.
 
To view Geoff Morgan's presentation, please click here.
 
To view Steve Fuller's Economic Impacts study on the Washington Adventist Hospital at White Oak, please click here
 
Genn’s presentation focused on creating a space near FDA that is a portal for public health innovation in the United States. He explained that all products that seek to reach the American consumer in the realm of public health have to go through the FDA, making collaboration with agency crucial. The LifeSci Village project, which he reviewed in his presentation, has the potential to be a major economic engine for Montgomery County and the State of Maryland.
 
The LifeSci Village project is proposed to add more than 7 million sq ft in non-residential development, 5,360 sq feed residential. It is proposed to add 10, 630 new direct jobs, 6,015 new indirect jobs and 5,001 temporary jobs (15 years). Total investment in the project is slated for $3.2 billion with a $1.3 billion net fiscal benefit to Montgomery County. Recently, County Executive Ike Leggett selected Percontee as the developer for the LifeSci Village. 
 
To view Jonathan Genn's presentation, please click here.
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