In Turn of Events, New Age Eats ‘Walking Away’ From 90% Completed Bay Area Pilot Plant
Cultivated meat startup New Age Eats, formerly New Age Meats, says it is walking away from a nearly-completed food pilot manufacturing facility in Alameda, CA. According to founder and CEO Brian Spears, changed circumstances have forced the startup to let go of the plant, whose construction is 90% completed. New Age and its real estate partners are currently marketing the space. In a post shared on LinkedIn, Spears states the pilot facility is located in The Research Park at Marina Village, a growing innovation hub in the San Francisco Bay Area. The facility offers a total of 23,000 sq ft, with 13,000 sq ft of downstream manufacturing space and 10,000 sq ft of office space, including three food R&D labs. According to Spears, the facility …