Top 10 Office Projects Under Construction in San Francisco
San Francisco remains one of the nation’s top tech hubs and a hotbed for innovation. According to Yardi Matrix data, the metro’s development pipeline encompassed more than 9.9 million square feet of office space as of September, and a little over one million square feet was delivered year-to-date. Even so, finding office space remains a challenge for startups in the Bay Area, as tech powerhouses continue to dominate the landscape. Additionally, Proposition E—the controversial ballot measure adopted last March—is bound to significantly reduce new office supply, further exacerbating the availability shortfalls.
Some 3.6 million square feet of office space across 17 properties is scheduled for completion by year-end, while 4.3 million square feet is expected to come online in 2021. However, uncertainty around delivery dates is fueled by the ongoing health crisis. Here are the largest office projects underway in the metro, based on Yardi Matrix data.
10. Joan and Sanford I. Weill Neurosciences Building
Alexandria Real Estate Equities is developing the Joan and Sanford I. Weill Neurosciences Building, a 269,000-square-foot medical facility with a 5,000-square-foot retail component. The company started work on the six-story property in February 2018. Completion is scheduled for the end of 2020. The asset will house the University of California San Francisco Medical Center’s new neurology clinic, the UCSF Institute for Neurodegenerative Diseases and the Global Brain Health Institute, as well as research laboratories. Located on 27 acres at 555 Mission Bay Blvd. S., the building is in the heart of the university’s Mission Bay campus.
9. 201 Haskins Way
The 311,369-square-foot 201 Haskins Way is another Alexandria Real Estate Equities building taking shape in San Francisco. The company broke ground on the life sciences/office development in January 2019. Upon completion, scheduled for the third quarter of 2021, the property will comprise a three-story east building and a five-story west building joined by a three-story open atrium. The development team includes Truebeck Construction as the general contractor and WRNS Studio as the architect.
8. Gateway of Pacific – Phase III & Gateway of Pacific – Building 1000A
BioMed Realty’s Gateway of Pacific is a 1.3 million-square-foot complex emerging in South San Francisco. The largest buildings under construction are 350,000 square feet each. Phase III is an 11-story asset that broke ground in December 2019 and is scheduled for completion in the first quarter of 2022. Construction on the 12-story Building 1000A started in September 2017, with delivery anticipated in the first quarter of 2021.
The 23-acre Gateway of Pacific is being constructed in three phases in the heart of San Francisco’s biotech hub, just off Highway 101 and north of San Francisco International Airport. The Flad-designed campus has caught the attention of large biotech companies, including anchor tenant AbbVie and Amgen. The latter signed a 240,000-square-foot lease last December.
7. Mission Bay 1 & 2
Alexandria Real Estate Equities is also working on Uber’s upcoming Mission Bay headquarters. The company broke ground on the 422,980-square-foot Mission Bay 1 & 2 in June 2016. Although scheduled for…