Exact Sciences to expand at URP, not downtown

Exact Sciences to expand at URP, not downtown

By Judy Newman and Dean Mosiman, The Wisconsin State Journal

ExactSciences_lab_wsjIn a major turnabout, Exact Sciences Corp. is withdrawing from the massive Judge Doyle Square project south of Capitol Square and now intends to expand at the University Research Park on the West Side, company officials announced Monday.

JDS Development, which had been spearheading the $200 million Judge Doyle Square project with Exact Sciences as an anchor tenant, is also now out of the project, leaving the city to revisit other suitors for the blocks that now hold the Madison Municipal Building and the Government East parking garage, Downtown Ald. Mike Verveer, 4th District, confirmed.

“We’re moving to Plan B,” Verveer said.

Mayor Paul Soglin, Exact CEO Kevin Conroy and University Research Park director Aaron Olver revealed details of the changes at a news conference Monday afternoon. JDS, made up of the Hammes Co. of Madison and Majestic Realty of Los Angeles, did not attend the event. Read more …