Company Culture

Here’s a look at the city’s newest collaborative workspace for the life sciences, right on Drexel’s campus

Another piece of Drexel's “Innovation Neighborhood” falls into place.

One Drexel Plaza is launching a collaborative workspace for health IT companies and service providers.

(Courtesy photo)

Life sciences companies have a new home at Drexel.
A real estate development company called PHL Next Stage Med is launching a 20,800-square-foot shared office space for health IT and medical device companies on the first floor of Drexel’s One Drexel Plaza (3001 Market St.).
Like many shared office spaces, it’s meant to be a place for companies that aren’t quite ready for their own space and a longterm lease, said PHL Next Stage Med cofounder Richard Hayden. It feels like an alternative to the University City Science Center, which also houses life sciences companies but generally in private offices.
The four-floor One Drexel Plaza building is currently a mix of classrooms and office spaces, so the new coworking space is a way for Drexel to turn the building into part of its “Innovation Neighborhood” vision.

Inside the new coworking space at One Drexel Plaza.

Inside the new coworking space at One Drexel Plaza. (Courtesy photo)

A mix of life sciences companies and service providers are moving into the space. Initially, there’s more of an emphasis on medical device companies, rather health IT. Here’s a look at the early tenants:

phl next stage med2

(Courtesy photo)

This is PHL Next Stage Med’s first project, said Hayden, an attorney with Saul Ewing.
The PHL Next Stage Med team is made up of three husband-and-wife pairs: Richard and Kathy Hayden, Rob and Lynn Reisley and Mike and Annette Turner.
Reisley runs a private equity investment firm called Evergreen Industries, where PACT CEO Dean Miller is a partner. Reisley’s on the board of Basho, the Cambridge, Mass.-based big data company that makes Riak, according to his LinkedIn.

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