November 1, 2016 Comments Off on Strong Leasing Fuels Next Phase of HCP’s Life Sciences Dev Views: 233 Bay Area, California, California News, West

Strong Leasing Fuels Next Phase of HCP’s Life Sciences Dev

Irvine, CA-based HCP plans to break ground on the third phase of The Cove at Oyster Point, a new life science development located in the epicenter of South San Francisco’s life science cluster. Two new Class A buildings totaling approximately 336,000 square feet are planned.

Construction will commence early next year, with deliveries scheduled throughout the second half of 2018. A future fourth phase of the project will add a seventh and final 165,000-square-foot building. The first two phases, totaling 477,00 square feet, are 62% leased.

The Cove is the first new multi-tenant life science development in the submarket in over a decade, and the only mixed use development of its kind in the Bay Area. The Cove will be a 1-million-square-foot, pre-certified LEED silver, fully integrated, waterfront life science campus located on Oyster Point Blvd.

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For comments, questions or concerns, please contact Dennis Kaiser

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