Dallas: Mark Cuban Receives SUP to Develop Pharmaceutical Laboratory
Feature Photo: Mark Cuban will demolish the one-story building above, in Deep Ellum, in order construct a manufacturing laboratory. Image: Google Streets.
by Art Benavidez
Dallas (Dallas County) — Dallas Mavericks Owner, and “Shark Tank” investor, Mark Cuban is expanding his financial portfolio with the manufacturing of pharmaceuticals after receiving approval this week of a specific use permit for a property he owns.
The property is located in Deep Ellum on approximately 0.59-acres on the north side of Taylor Street and east of North Walton Street at 320 S. Walton St.
The City Council granted Cuban the specific use permit for a period of three years.
The project is going under the moniker the Mark Cuban Cost Plus Drug Company. Dallas-based Jacobs Engineering is on board the project and handling the civil design.
The site plan for Mark Cuban’s proposed pharmaceutical company.
Cuban is seeking the specific use permit through his entity, Radical Computing, Inc., in order to develop a manufacturing laboratory, along with demolishing the existing building.
The specific use permit will allow the laboratory to mix, assemble and package pharmaceuticals.
City documents currently list the site as developed with a one-story, 22,898-square-foot building that serves as an office/showroom warehouse.
A parking agreement with the city will allow Cuban to provide 61 vehicle spaces from a lot located west of the site.
The City Plan Commission recommended approval at their Dec. 17 meeting, on the condition that the permit limit activities to mixing, assembling and packaging pharmaceuticals.
Cuban’s Radical Computing, Inc. are also the property owners of the lots on 3030 and 2921 Taylor Street, which are near the project site.
2909 Taylor Street, home of the Mavs Gaming Hub. Image: Google Streets.
Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.