November 1, 2016
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.
For comments, questions or concerns, please contact Dennis Kaiser