INDUSTRIES
Life Sciences > Aggie Square
$5 billion
ongoing annual
economic impact
500,000+
sq. ft. of life science anchored lab space
$50 million
received in incentives
UC Davis’ Aggie Square is a mixed-used innovation district adjacent to the UC Davis Medical Center in Sacramento. Phase I will be a capital investment of $1.1 billion and add 1.2 million square feet of development by late 2024. Project plans include over 1 million square feet of research, wet labs, commercial space and housing. Anchor tenants include Amazon Web Services.
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Phase I plans
- 683,000 square feet of science, technology, research and engineering space with 500,000 square feet designated to lease to private companies
- 53,000-square-foot rehabilitation hospital
- 122,000 square feet of classroom and office
- 285 multifamily units for university-affiliated individuals
- 28,000 square feet of community-serving ground floor space
Incentive package
The City of Sacramento and UC Davis are offering over $50 million in incentives for this project. Under the agreement, the City of Sacramento established the Aggie Square EIFD (enhanced infrastructure financing district) and the Aggie Square CFD (community facilities district). Under the EIFD, 80% of designated tax increments will be used for debt service, accrued interest and reimbursement to Wexford for allocated infrastructure costs while the remaining 20% will go into a housing fund. Additional details of the agreement include $50+ million for affordable housing and up to $1.1 million for improvements to walking, biking and transit near the project.
UC Davis at a glance
UC Davis is one of the nation’s top public research universities. It features a rigorous, research-based learning environment and a nationally recognized health system that provides comprehensive treatment, teaching and research facilities. UC Davis Medical Center, a 625-bed acute-care teaching hospital, is rated one of the nation’s best hospitals in both adult and pediatric medical specialties and features a Level I trauma center.
public university in the U.S.
school for NIH funding
research awards
Sources: The Wall Street Journal, Blue Ridge Institute for Medical Research
About the developer
Wexford Science + Technology and GMH Capital Partners were selected to design, finance, construct, own and manage Phase I of Aggie Square. Wexford has extensive experience building research parks across the nation including University of Maryland BioPark in Baltimore and Downtown Crossing in New Haven.
Greater Sacramento’s growing life science eco-system
From groundbreaking medical research to burgeoning biotech and medical device startups, the region is pushing the boundaries of innovation on a global scale. Below are a few companies that have found success here.
