sq. ft. of life science anchored lab space
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 2023. Project plans include over 1 million square feet of research, wet labs, commercial space and housing. Anchor tenants include IBM and the Alice Waters Institute for Edible Education, with announcements from additional market-leading companies forthcoming.
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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
Life sciences, technology and engineering: More than half a million square feet for state-of-the-art labs, incubators, accelerators and more.
Aggie Square: The heart of the innovation district, connecting people with one another to create a nexus of energy and ideas.
Life-long learning: Office and classroom tower focused on continuing and professional education and workforce development, including two floors dedicated to housing startups in the Cambridge Innovation Center.
Housing and market plaza: Housing for students and university affiliates.
Mobility hub: Electric buses, bikeshare, carshare, shuttle services and other enhancements to reduce reliance on single-occupancy vehicles.
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
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.
Gemini Bio is a leading manufacturer and supplier of cell culture media, sera and other reagents for the cell and gene therapy market. The company recently added a 25,000-square-foot cGMP facility to its regional footprint, quadrupling its production capacity to meet growing customer demand.
Penumbra designs, develops, manufactures and markets cutting-edge medical devices. Its 160,000 sq. ft. of office, research and design space in the region will employ more than 1,000.
StemExpress provides adult human tissues and primary cells to researchers and clinicians worldwide. The company’s growth has accelerated in the past year as it became a leading provider of rapid COVID-19 testing.
Recent project updates
Plans call for a 58,000-square-foot facility with 40 beds, and the ability to eventually increase that capacity to 52 beds.
Aggie Square community benefits agreement commits $50 million to affordable housing, local hiring and more.
The Sacramento City Council on Tuesday approved a comprehensive Community Benefits Partnership Agreement (CBPA) for the upcoming $1.1 billion Aggie Square project.
Developers for the Aggie Square project have picked Cushman & Wakefield to handle office leasing for what's expected to be a transformational project for Sacramento.
Chef Alice Waters, one of the founders of the farm-to-table movement, announced she will open a new institute at Aggie Square, the University of California Davis' incoming innovation center.
New analysis from an economic research firm predicts Aggie Square at the UC Davis Sacramento campus will add nearly $5 billion to the Sacramento region’s economy each year and support 25,000 ongoing jobs.
Local leaders were on hand Wednesday as UC Davis Chancellor Gary S. May and Sacramento Mayor Darrell Steinberg hosted a ribbon-cutting ceremony at Aggie Square’s new launch headquarters on Stockton Boulevard in Sacramento. Aggie Square is an innovation hub planned for the university’s Sacramento campus.
Osha, the senior vice president of innovation and economic development at Wexford Science & Technology, one of two firms which will design, finance, construct, own and manage the first phase of Aggie Square, first mentioned UC Davis.
The University of California Davis has selected a pair of developers, Wexford Science & Technology LLC and GMH Capital Partners, to build out the first phase of Aggie Square, a planned satellite campus and biotech hub in Sacramento.
University of California, Davis, Chancellor Gary S. May today (Feb. 21) announced a collaboration that previews Aggie Square’s formula for success.