Arizona Biomedical Corridor receives interest from major developer

August 5, 2013

By hammersmith

New York-based KUD International LLC has submitted a bid to buy 225 acres of state trust land near Mayo Clinic Hospital in Phoenix that would be developed as part of the Arizona Biomedical Corridor.

The development is expected to offer a variety of health services and be home to biotech companies, clinical and academic researchers, medical-device manufacturers, and hotels while creating thousands of jobs.

The Arizona Biomedical Corridor, projected at about 1,000 acres, is a collaborative effort among the city of Phoenix, Arizona State University and Mayo Clinic to expand the state’s bioscience industry. Backed by Phoenix Mayor Greg Stanton, the corridor is next to Mayo Clinic’s hospital campus in northeast Phoenix at 56th Street and Mayo Boulevard, just south of the Loop 101 freeway.

For more information:

“Mayo Clinic takes us closer to the cutting edge,”  Arizona Republic, 7/10/13

“New cancer center at Mayo Clinic may mean 1,000 new jobs,”  Arizona Republic, 7/5/13

“KUD International buying 225 acres near Mayo in Phoenix for biomedical corridor,” Phoenix Business Journal, 7/1/13