April 19, 2024 11:05 am
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State land auction makes possible $1B, biomedical corridor

KUD International is in a P3 with the municipality of Be’er-Sheva and Ben-Gurion University of the Negev for development of a 4MSF Advanced Technology Park in Israel. / Map courtesy of KUD International.
KUD International is in a P3 with the municipality of Be’er-Sheva and Ben-Gurion University of the Negev for development of a 4MSF Advanced Technology Park in Israel. / Map courtesy of KUD International.

By Eric Jay Toll for Arizona Builder’s Exchange

It looks like just another Phoenix street project. Crews are at work on a half-mile stretch of 64th Street from Loop 101 to Mayo Boulevard through undeveloped Sonoran Desert. This project, however, is the first step in a 225-acre, $1B biomedical technology research and development project that will make the Arizona Biomedical Corridor (ABC) a reality.

While graders smooth the roadbed, the Arizona State Land Department is crunching numbers to set a value on a third of the 600-acre Arizona Biomedical Corridor. Global design, construction and development giant KUD International wants to buy that land and bring to the Sonoran Desert a project similar to one it built in the Israeli desert.

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