Issue link: https://nebusinessmedia.uberflip.com/i/1323787
n e w h a v e n b i z . c o m | J a n u a r y 2 0 2 1 | n e w h a v e n B I Z 15 WINSTANLEY of spaces for companies in all stages of the startup life cycle, according to Winstanley. The tower will include 100,000 square feet of incubator space for newborn startups as well as space for smaller companies that are just beginning to expand their teams. He says he is also working on lease deals with "large, successful existing companies" in the area, but is not ready to provide details. Yale University is also expected to be a tenant. "The idea is to have a building that offers everything from a single bench to a space that can be 100,000-square- feet plus," he says. Startups will be able to grow "incrementally from a single bench, to two or three or four benches, and eventually into suites as well as larger self-contained spaces" without having to take on the disruption or expense of relocating. Winstanley initially planned to break ground on the project last August, but delays due to COVID-19 have pushed back the start date until spring. Construction is expected to take two years. Meanwhile, to help ease the immediate space crunch, he hopes to soon offer some additional lab space in his newest New Haven asset, the Temple Medical Center at 40-60 Temple St., "to help bridge tenants to that 101 [College] delivery date." Winstanley bought the complex, which includes two buildings and part of a parking garage, for $21 million last September and is planning a "significant" renovation, although he declined to say how much he will invest in the building. "What we'd like to do is offer a number of suites for smaller tenants in that building to allow them to have a year or two of runway before moving across the street into 101, where they may step up in square footage," he says. Pioneering development Winstanley has been a pivotal player in New Haven's bioscience ecosystem "Today my definition of success is creating a sustainable life science community in Connecticut." Carter Winstanley Continued on page 16 New Haven Economic Development Administrator Michael Piscitelli said the city needs more lab space for startups. PHOTO | STEVE LASCHEVER Winstanley's planned 101 College St. office tower is expected to debut in 2023 and include 100,000 square feet of incubator space for startups and small companies.