Recursion to Open New HQ in SLC
- Dec 05, 2017
Recursion Pharmaceuticals will relocate its headquarters to The Gateway, a mixed-use downtown lifestyle and entertainment district located in the heart of Salt Lake City. Located along 400 West, between 200 South and South Temple, The Gateway is currently managed by Vestar, a privately held real estate company specializing in the development and administration of shopping and entertainment destinations. Since its founding in 2013, Recursion Pharmaceuticals has been based in Research Park near the University of Utah.
The firm will occupy 100,000 square feet to create lab and office spaces, increasing its current footprint and workforce. The labs will contain advanced robotics facilities.
“Beyond our bold vision of industrializing the slow and inefficient process of discovering and developing new therapies for patients in need, we want to contribute locally to our community,” said Chris Gibson, CEO of Recursion Pharmaceuticals, in prepared remarks. “In addition to creating hundreds of jobs in Salt Lake City, we are also thrilled to be able to attract competitive, world-class talent from across the U.S., which is helping the tech and biotech industries here grow and flourish.”
Future employees will be able to enjoy shopping, dining, entertainment and residential opportunities. The 623,205-square-foot project is expected to be completed in the second quarter of 2018.
Earlier this year, Dave & Buster’s announced that it would open its first Utah location at The Gateway, anchoring the asset.
Image courtesy of Vestar