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38. Rene Dominguez, TRTF/Velocity TX CEO, Envisions Ambitious Expansion on the Near-East Side in 2024
Manage episode 407382152 series 3560893
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The setting is Velocity TX, once a cold storage complex now reimagined by Rene Dominguez and his team at the Texas Research and Technology Foundation (TRTF). They're igniting growth in the city's near East side with a focus on bioscience and healthcare.
Dominguez reflects on TRTF's four-decade journey since General McDermott's ambitious vision for a research park akin to North Carolina’s Research Triangle. Despite initial challenges attracting tenants due to its remote location, TRTF pivoted towards creating an urban innovation district that thrives on proximity and collaboration.
Velocity TX emerged from this shift – both as a physical hub fostering startups through robust programs like accelerators and incubators, and as an economic powerhouse generating revenue streams for further development. With plans to unify under one brand, they've already attracted significant players who are pioneering stem cell manufacturing within their campus.
The organization isn't stopping there; it has acquired historic properties like Allan & Allan Lumber with intentions of preserving San Antonio legacies while fueling their mission financially. As Dominguez transitions from public service to leading Velocity TX, he envisions not just an innovation district but also honoring G.J. Sutton’s legacy in future developments.
With strategic partnerships and community support, TRTF aims to convert 70 acres into thriving mixed-use spaces centered around health sciences – potentially anchored by military medical research consolidated under Defense Health Agency. This bold plan promises job creation and invigorated economic activity for San Antonio’s east side.
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