Ventas has purchased the recently completed Genesis Office Complex for $1 billion. The project, which features two sleek glass towers, will add considerable depth to the companies growing portfolio of properties. Genesis wrapped up construction in 2019, yielding 721,000 square feet of office space for the South San Francisco market.
Recent images show that the recladding and five-story expansion of the office building at 633 Folsom Street, SoMa is nearly complete. The new design is by Gensler, an international architecture firm, with development by the building owner, Swig Company. A future tenant has already been secured by CBRE, Asana, a tech company owned by Facebook co-founder Dustin Moskovitz. Occupancy is expected soon.
Permits have been filed for a significant expansion of residential space at 2200 Adeline Street in West Oakland. The permit requests altering the existing space, which currently houses 16 work-live units. With the coming renovations, another 20 work-live spaces will be created, yielding 36 units in total.
Construction is moving forward at 200 Park Avenue, one of San Jose’s biggest new office developments. Excavation appears to have bottomed out less than a year after its 2019 ground-breaking. Once complete, it will stand as the tallest office building in the city, and extension of San Jose’s downtown core.
Takara Bio USA has released renderings showing off their new vision for the two office buildings at 2560-70 Orchard Parkway in North San Jose. The Bio company hopes to develop a campus environment with enclosed courtyards taking over existing surface parking. Each building will have 64,500 square feet of space, making 129,000 square feet of space in total. Tamara paid $44.8 million in May for the properties. The company is a silicon-based component of a Japanese. Currently, they occupy 57,000 square feet of office space at 1290 Terra Bella Avenue in Mountain View.
