Regeneron Pharmaceuticals to turn former Avon building into state-of-the-art medical research facility
Regeneron Pharmaceuticals taken over the former Avon building with plans to transform it into a cutting-edge medical research laboratory and office space.
The initiative is expected to generate approximately 230 full-time job opportunities. The Tarrytown-based company aims to commence the $100 million project by the middle of this year and anticipates relocating employees to the new facility next year.
As part of the transition, Avon will rent space from Regeneron through the spring while shifting its research and development operations to alternative locations.