February 1, 2017 Comments Off on 1,200-Unit Residential Added to Landing at Oyster Point Views: 217 Bay Area, California News

1,200-Unit Residential Added to Landing at Oyster Point

Chinese developer Greenland USA proposed adding nearly 1,200 residential units and 22,000 square feet of retail and amenity space to the $1-billion Landing at Oyster Point. The 42-acre South San Francisco project already is approved for 2.25 million square feet of office and life sciences space.

Greenland USA acquired the waterfront site last August for $171 million. As a result of strong housing demand, it is seeking to add a mix of residential and retail uses to later phases of the project.

Phase I contains 500,000 square feet of commercial space, and is slated to start infrastructure work in Q3 2017. The second phase of development includes one million square feet of office/R&D buildings including roughly 28,000 square feet of originally-planned retail, amenity and/or flex-use space. Additional residential and retail space would be worked into the third and fourth phases, and will require new approvals.

Read more at San Francisco Business Times

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