RTI to build new $14 million building next to existing facility
Published: Monday, January 7, 2013 at 7:25 p.m.
Last Modified: Monday, January 7, 2013 at 7:25 p.m.
ALACHUA -- One of the most successful companies to spin out of University of Florida research marked another growth milestone Monday at a groundbreaking ceremony for a new $14 million, 41,165-square-foot building adjacent to its existing buildings in Progress Corporate Park.
Combined with the recent purchase of a 15,425-square-foot office building, RTI Biologics will have more than 200,000 square feet of lab and office space in Alachua.
RTI, which produces surgical implants from human donated tissue and animal tissue, spun out of the UF Tissue Bank in 1998. After raising money through an initial public offering, the company built a 70,000-square-foot administration building and a 65,000-square-foot tissue processing building in 2002. At the time, RTI had about 250 to 300 employees, said Tom Rose, chief operations officer.
RTI has since tripled revenues and now has more than 700 employees, more than 500 of whom are in Alachua.
When it opens in early 2014, the Logistics and Technology Center will allow RTI to consolidate research and development that currently is operating out of three different leased facilities in Progress Corporate Park and include warehousing that is currently handled off site.
The building also will include clean rooms that are more high tech than RTI's current facilities to handle cells for the company's new allogeneic bone graft.
Rose said RTI will bring on 15 new hires when the building opens and have room to grow.
John Carlson of Charles Perry Partners Inc., the general contractor, said at its peak construction will employ 100 to 110 people. He said more than 80 percent of the contractors and subcontractors lined up are from Alachua County, meaning $9 million to $10 million of the $12 million construction portion of the project will go to local contractors.