K-State Foundation board takes step toward new development

06/26/2014 9:13 AM

06/26/2014 9:14 AM

Establishment of the new national bio-science lab in Kansas has begun to spur development in other parts of Manhattan.

Kansas State University’s foundation board has voted to develop the first part of a plan for 14 acres at the corner of Kimball and Denison Avenues near the campus. The first part of the project will be for an office building for the foundation, but future phases will create corporate office and lab space, the university said in a prepared statement.

With the lab financed and planning in place, the time is right to begin further development, said retired Gen. Richard Myers, chairman of the foundation board, in the statement.

The foundation office building will have space for corporations. Those benefiting will including students, faculty and anyone needing research expertise, Myers said.

The estimated cost of the 59,000-square-foot building is $11.5 million, the university statement said.

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