The City Planning Commission has approved amended plans for a new life sciences research building for 1450 Owens Street in Mission Bay, San Francisco. The approved project will bring over 175,000 square feet onto the 1.13-acre lot, rising 109 feet above street level. The busy Alexandria Real Estate Equities (ARE), the largest real estate investment trust (REIT) for life science real estate in the USA, is responsible for the development.
Articles by Andrew Nelson
Recent permits show activity for the fifteen-story mixed-use project at 777 Harrison Street, also known as 725 Harrison Street in SoMa, San Francisco. The project is led by Boston Properties, the same developers behind the Salesforce Tower. They were joint owners with Barrett Block Partners before completing an acquisition in June of 2020 for $140.1 million. The city unanimously approved 777 Harrison in late 2019, making way for nearly three quarters million square feet of office space and 144 affordable housing units.
The Chicago-based Oxford Capital Group has an extensive portfolio of hotels across the country, including San Francisco’s ornate Sir Francis Drake Hotel. Now, the firm has announced they are increasing their presence in the Bay to nine properties following the purchase of three hotels in San Francisco, one in Palo Alto, and another in Los Gatos. Details about the sales are not released, and public records are not updated.
BART has announced that they have picked two developers to form a joint venture for 780 new residences around the El Cerrito Plaza BART Station, with 49% units as affordable, and a public library. Related California and Holliday Development were chosen. The joint venture now must negotiate the terms of agreement with BART to start the two-to-three-year process of producing a development concept.
A proposal for a new educational facility for Bishop O’Dowd High School at 9500 Stearns Avenue was approved by the Oakland City planning commission yesterday afternoon. The application will create a 36,000 square foot multi-story structure to contain a 1,300 seat gymnasium, training rooms, music rooms, drama rehearsal space, and other multipurpose rooms.