Pegasus Park: Dallas’s Bold Step Toward Becoming a Life Sciences Hub

Dallas, known for its skyscrapers and corporate influence, is quickly becoming a hub for life sciences. At the center of this transformation is Pegasus Park—an innovative project that’s reshaping the future of biotech while revitalizing a key part of the city’s history.

A Bold Leap into Life Sciences

As an established leader in technology, finance and healthcare, Dallas’ life sciences sector has traditionally taken a backseat to the city’s more established industries. However, as the demand for innovation in biotechnology, pharmaceuticals, and advanced healthcare technologies increased, the region began to position itself to become a key player in the life sciences industry.

Located in the heart of the Dallas Innovation District, Pegasus Park is the city’s first major push into the biotech space. While cities like Boston, San Francisco, and San Diego are known for their life sciences ecosystems, Dallas’ central location in the US, strong infrastructure, and growing talent pool give it the ability to lead the charge. The vision behind Pegasus Park is simple: today’s ideas become tomorrow’s standards.

Designed to attract government, private companies, and entrepreneurs, the campus is fostering a collaborative environment to drive breakthroughs in research and development. Pegasus Park became a catalyst for diversifying Dallas’s economy and tapping into the thriving global life sciences sector.

Renovating History: A Complex Transformation

Pegasus Park is built on the former Exxon Mobil campus site, a 26-acre property that once symbolized Dallas’ footprint in the oil and energy industry. Transforming this old office and data center into a cutting-edge life sciences hub came with challenges that included extensive upgrades to the existing infrastructure to support modern labs and research spaces while maintaining the campus’ historical character. 

This adaptive reuse project was more than just a renovation—it was a reimagination. Pegasus Park preserves the campus’ legacy while creating a world-class facility built for innovation, resulting in a powerful example of how transforming old spaces can drive new possibilities and foster growth.

A Vibrant Future for Dallas’ Life Sciences Ecosystem

Pegasus Park represents Dallas’ commitment to becoming a global leader in life sciences, a sector that will play an important role in shaping the future of healthcare, technology, and environmental sustainability. As more companies and researchers call Pegasus Park home, Dallas’ position as a leader in life sciences will continue to solidify. From pioneering genetic research to life-saving therapies, the work at Pegasus Park will help drive the future of healthcare, biotech, and beyond. 

To learn more about this project, click here.

PROJECT TEAM:

Client: Montgomery Street Partners

General Contractor: Swinerton Builders

Architect: Perkins + Will