Biotech Place opened in February 2012. The 242,000-square-foot structure is composed of two former Reynolds warehouses that have been renovated into a modern biotech research facility, with custom-designed wet and labs as well as Class A office space. The $100 million project was Winston-Salem's most expensive ever downtown project; it houses Wake Forest School of Medicine's departments of Physiology and Pharmacology, Biomedical Engineering, and Immunology and Microbiology, as well as the Childress Institute for Pediatric Trauma. Private businesses—Carolina Liquid Chemistries, Allegacy Federal Credit Union, Brioche Doree cafe—also are tenants at Biotech Place.