University Tops Off Medical Innovations Building
The seven-story building in downtown Phoenix is part of the 30-acre Phoenix Bioscience Core campus.
Updated on Nov. 2, 2026 in Biotech
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The University of Arizona placed the top beam on its Medical Innovations Building in downtown Phoenix, a seven-story structure still under construction. The building was renamed in early 2026 from its original name, the Center for Advanced Molecular and Immunological Therapies.
Why it matters
The building is designed to anchor the Phoenix Bioscience Core and will house up to 40 scientific research teams. Its completion is expected to generate billions of dollars in economic gains for the city.
The seven-story building will house up to 40 scientific research teams and received $20 million from the City of Phoenix. Construction is expected to finish in October 2027, though the source does not detail the total project cost.
The players
University of Arizona
A public research university based in Tucson, Arizona, which is developing the building and its biomedical research mission in Phoenix.
City of Phoenix
The municipal government of Arizona's capital, which contributed $20 million to support the project.
The details
Crews placed the top beam on the building on November 2, 2026, a milestone the university celebrated. The structure sits south of N. Fillmore Street on N. Fifth Street and is intended to serve as an anchor for the Phoenix Bioscience Core complex.
Timeline
2022: The University of Arizona announced plans for the building.
Early 2026: The building was renamed the Medical Innovations Building.
November 2, 2026: The top beam placement was celebrated.
October 2027: Construction is expected to finish.
Big Picture
The building anchors the Phoenix Bioscience Core, a 30-acre campus designed to concentrate biomedical research in downtown Phoenix. It extends that effort by housing up to 40 research teams in a single structure.
Residents in downtown Phoenix will see a new seven-story research building rise near N. Fifth Street until its expected completion. The project's city funding and research teams point to new biomedical activity in the area.
The takeaway
Large research buildings like this one take years to move from announcement to completion, so progress milestones such as the top beam offer a useful gauge of timing. Watching the Phoenix Bioscience Core's remaining phases shows how the campus will take shape.
What happens next
Construction is expected to finish in October 2027, when the building is scheduled to open to its research teams.
Further reading
For more on the research driving projects like this, explore Biotech coverage.
Source note: This article includes information reported by AZ Central.
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