Construction has started with excavation work well underway for a new six-story life sciences complex at 405 Industrial Road in San Carlos, San Mateo County. The project, now named Portal 405, is one of several life science projects rising along Industrial Road, contributing to a new life sciences hub in the San Francisco Peninsula market. Menlo Equities and Beacon Capital Partners are joint venture partners for the project.
Goldman Sachs Asset Management and Lane Partners have announced the completion of a recapitalization for the first phase of Southline in South San Francisco, San Mateo County. Southline is the master plan for 28.5-acre development across from the San Bruno BART Station with 2.8 million square feet of life sciences and offices couched with acres of landscaping and a new public park. Construction has already started for the first of two buildings in phase one.
The Draft Environmental Impact Report is now complete, opening up the public review period for a new six-story life sciences building at 405 Industrial Road in San Carlos, San Mateo County. The development will replace a self-storage facility with nearly a quarter million square feet of leasable area. Menlo Equities and Beacon Capital Partners are joint venture partners for the project.
The 20th tallest tower in the Bay Area planned or built is 44 Montgomery Street, built in San Francisco’s Financial District. Completed in 1967, the 565-foot tall structure surpassed 650 California Street’s pinnacle and became the tallest building in the United States west of Dallas. John Graham & Company, best known for the Seattle Space Needle, is responsible for the architecture.