Top 10 life sciences projects: Hub RTP, North Carolina, USA

Project overview

Hub RTP is the 100-acre downtown district of Research Triangle Park (RTP), North America’s largest research park and a globally recognised life sciences hub in central North Carolina.

The $2 billion mixed-use development is at the centre of the Raleigh-Durham-Chapel Hill region and its three tier-one research universities. It will ultimately deliver over 1.5 million square feet of office and lab space, 1,200 residential units, hotel, retail and significant future development capacity. Phase 1 introduced Class A office, residential, retail and coworking assets.

The opportunity

Hub RTP offers an investor-ready development within a rapidly expanding life sciences ecosystem. Opportunities include flexible office, lab and R&D sites for companies ranging from startups to global firms, as well as mixed-use parcels adjacent to newly completed residential and retail assets. Via Labs adds 265,000 sq ft of purpose-built lab space, further anchoring the district.

The financials

Hub RTP was launched through a $105 million public-private investment led by the Research Triangle Foundation of North Carolina, enabling major infrastructure upgrades and development-ready utilities. The Foundation’s long-term stewardship, paired with experienced private partners, provides a stable platform for
co-investment.

Opportunities exceed 1 million sq ft of development capacity and include equity participation and long-term leased facilities in a market where life sciences rents remain competitive relative to top coastal hubs.

Project sponsor

Hub RTP is led by the Research Triangle Foundation of North Carolina, the non-profit steward of RTP for more than 65 years. The Foundation manages 7,000 acres, oversees infrastructure and covenants, and advances industry-university-government collaboration.

The project is strengthened by partnerships with Longfellow Real Estate Partners, the North Carolina Biotechnology Center and the Economic Development Partnership of North Carolina, combining mission-driven leadership, global life sciences expertise and a long-term regional vision.

Significance

Investment in Hub RTP is a generational opportunity within one of the world’s most competitive life sciences regions. RTP is home to more than 385 companies employing over 55,000 people across biotechnology, pharmaceuticals, medical devices and advanced manufacturing.

Hub RTP introduces a walkable, mixed-use district that enhances the traditional corporate campus model, helping companies attract top talent while supporting the region’s next wave of innovation and long-term economic resilience.

The pitch

Hub RTP is the only downtown district within Research Triangle Park and offers a rare opportunity to participate in the evolution of a 65-year innovation ecosystem. With shovel-ready sites, strong connectivity and access to
a deep biotech talent pool, it provides a compelling platform for life sciences development and investment.