LOS ANGELES, July 19, 2018 /PRNewswire/ -- The University of Southern California and Larry Ellison announced a new, dynamic home for the Lawrence J. Ellison Institute for Transformative Medicine at the Expo Station, a boldly designed contemporary building being developed by The Luzzatto Company in the heart of West LA.
Led by Founding Director and CEO David B. Agus, MD, Professor of Medicine and Biomedical Engineering at the Keck School of Medicine of USC and USC Viterbi School of Engineering, the Ellison Institute aims to change the status quo in research and medical care through patient-centered innovation, technology, and convergent science.
The Ellison Institute's new 79,000-sq. ft. building will house a cancer clinic, interdisciplinary research laboratories focused on scientific discovery and innovation, a think tank, community education and outreach, and a wellness program. It is slated to open in May 2019.
"When a patient sees scientists working on solutions for his disease-- that is hope personified," Agus said. "Larry's faith in our work is both humbling and inspiring. With his support, we are creating a new paradigm for research."
Two years ago, Ellison announced a generous $200 million donation to USC to establish his namesake Institute. Ellison, the founder and chairman of Oracle Corporation, is intimately involved in the Institute. He is an internationally renowned entrepreneur, philanthropist, and sportsman who continues to shape the course of one of the most important industries of the 21st century.
The Luzzatto Company, a Los Angeles-based real estate investment firm, is leading the development of this ambitious project. Founded by Marc Luzzatto, a pioneer in the creative office world, The Luzzatto Company has developed a portfolio of properties which housed and helped inspire innovative companies such as Red Bull, Yahoo!, NPR, The Honest Company and Jakks Pacific.
"We are grateful for the opportunity to build for the Ellison Institute what we have been building for creative companies for many years: healthy, inspiring, and deeply transformative space," said Marc Luzzatto and the company's President, Asher Luzzatto in a joint statement. "It is in this kind of space where great minds produce great ideas."
Conveniently located adjacent to the Santa Monica bike path, the Ellison Institute will be within walking distance to the new Metro Bundy Station, which is a 10-minute ride to the ocean or a 30-minute ride to Downtown LA. This will also make the Institute easily accessible for USC undergraduate, graduate, and post-doctoral students that work and volunteer at the Institute.
The building was designed by award-winning design firm HLW International with clean, bold lines, robust outdoor patios, and ocean views. Rios Clementi Hale Studios, an award-winning multidisciplinary design firm will lead the creative challenge of innovating the interiors and landscape architecture.
The Ellison Institute's unique program, modern façade, and pioneering interior architecture will set it apart as a pillar of health and a beacon of inspiration for patients and the entire Los Angeles community.
About Larry Ellison
Larry Ellison is an American businessman, sports enthusiast, and philanthropist best known as the founder of Oracle Corporation, the enterprise-technology giant he launched in 1977. In 2014, after serving as Oracle's CEO for 37 years, Mr. Ellison stepped aside as CEO to become Executive Chairman and Chief Technology Officer.
After originally calling his company Software Development Labs, Mr. Ellison later changed the name to Oracle, which was the codename of a sophisticated project for the company's very first customer: the Central Intelligence Agency. Oracle has annual revenue of about $40 billion and 425,000 customers in 145 countries, and is ranked #17 on the Interbrand list of the world's most-valuable brands.
About the Lawrence J. Ellison Institute for Transformative Medicine of USC
The Lawrence J. Ellison Institute for Transformative Medicine was founded in 2016 to leverage technology, spark innovation, and drive interdisciplinary, evidence-based research to reimagine and redefine cancer treatment, enhance health, and transform lives.
Under the leadership of David B. Agus, MD, the Ellison Institute was designed to tackle the difficult questions in health care and research to push the boundaries of medicine forward.
The objective of the Ellison Institute is the rigorous and rapid translation of novel technologies into practice for use in clinical, diagnostic, and laboratory settings. The Institute is comprised of dedicated clinicians, experts and thought-leaders from disparate backgrounds who have come together to make a meaningful, positive impact on the lives of patients. This one-of-a-kind Institute hopes to serve as a powerful catalyst for innovation and reimagining the status quo in medical research and cancer treatments. For more information, visit Ellison.usc.edu.
About The Luzzatto Company
Led by Marc Luzzatto and his son Asher Luzzatto, The Luzzatto Company is one of the premier boutique real estate developers and operators in the country, with an impressive national portfolio of retail, multi-family, industrial and film and television studio properties, a portfolio which is growing quickly as investors reallocate resources from traditional space to creative space across a broad range of asset classes. Unique in many ways, The Luzzatto Company is particularly unique in the way it has been able to locate, design and build extraordinary space for a diverse range of industry leaders looking to improve employee well-being and workplace productivity.
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SOURCE Lawrence J. Ellison Institute for Transformative Medicine