Images from a YIMBY reader show most of the first building’s steel framework has been erected at Southline, a massive life sciences development in South San Francisco, San Mateo County. The new purpose-built laboratory is the first of eleven structures that will occupy the 28.5-acre master plan. The first phase of construction has seen Beacon Capital Partners join Lane Partners and Goldman Sachs in the ownership group.
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 South San Francisco City Council has unanimously voted to approve Southline Specific Plan, a dense 28.5-acre campus across from San Bruno BART Station in San Mateo County. The project approval marks a significant step toward construction. Lane Partners is sponsoring the development.
The South San Francisco Planning Commission is scheduled to meet tomorrow evening to discuss plans for Southline, a $1 Billion 28.5-acre commercial development in San Mateo County by the San Bruno BART station. City staff recommends that the commission approve the project, led by Menlo Park-based real estate developer Lane Partners with investment from Goldman Sachs.
The City of South San Francisco has published detailed plans for a 26-acre mixed-use proposal by Lane Partners to develop offices or life science buildings beside retail and public open space. The project would demolish the dozen low-slung industrial structures nearby a residential neighborhood, large shops, and the San Bruno BART Station, San Mateo County. DES Architects will be responsible for the design.