Shorenstein Properties, SKS Partners Seek Development Capital for 2.2 Million-SF Waterfront Project in South San Francisco
The Landing at Oyster Point Represents Only Fully-Entitled Site in the Bay Area Able to Accommodate 1+ Million SF of Office/Life Science Space
The owners of the largest fully-entitled waterfront development site in the San Francisco Bay Area are currently pursuing investors to back the development of up to 2.25 million square feet of commercial space at Oyster Point Park in South San Francisco.
Shorenstein and SKS acquired the 42-acre site located next to Genentech’s global headquarters at 375-389 Oyster Point Blvd. in 2008. The site currently generates income from an existing 443,000-square-foot business park, 235-berth marina village, and a 30-room boutique hotel.The developers have collaborated with the City of South San Francisco to plan out the site’s redevelopment. In addition to Shorenstein and SKS’ plans, the city intends to develop a new 350-room hotel, conference center, 40,000 square feet of retail/restaurant space and a new public beach near the project.
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