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Old Posted Nov 19, 2020, 9:59 PM
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Plans to develop Mission Bay's last unplanned site head to Planning Commission
By Laura Waxmann – Staff Reporter, San Francisco Business Times
Nov 18, 2020, 2:56pm PST Updated Nov 18, 2020, 3:37pm PST

The San Francisco Planning Commission on Thursday will consider whether to grant Alexandria Real Estate Equities permission to build a seven-story, 183,000-square-foot life sciences building on the last unplanned piece of developable land in Mission Bay.

The Pasadena developer’s vision for the trapezoid-shaped 1.13-acre swath known at 1450 Owens St. — known as Parcel 7, Lot 43 — calls for a 109-foot building containing roughly 133,000 square feet of laboratory use, just under 50,000 square feet of office and 2,600 square feet of ground-floor retail.

To bring that vision to life, the Mission Bay South Redevelopment plan must be amended to increase the cap on the commercial uses allowed at Mission Bay, a limit that was approved more than a decade ago.

The commission must also OK amending the plan to increase the allowed building height on the site, which is currently set at 39 feet, and it must approve up to 49,999 square feet from the city’s small office cap for the proposed project. Construction of the office component must begin within 18 months.

Alexandria (NYSE: ARE) first unveiled its proposal for Parcel 7 three years ago. At the time, the plans were to build an 11-story, 175,000-square-foot building for biotech labs, a life sciences incubator and Alexandria’s new regional headquarters.

In a memo issued in December, Nadia Sesay, executive director of the city’s Office of Community Investment and Infrastructure, indicated the developer’s plan was for 150,000 square feet.

The latest plans filed with the San Francisco Planning Department and designed by IwamotoScott Architecture and associate Powell Architecture call for a seven-story building that faces Owens Street and is entered through a “privately owned, publicly available plaza with planting, benches, and bike parking.”

Planning staff has recommended approval of the amendments. Alexandria on Wednesday declined to comment on its proposal.

The Mission Bay South Redevelopment Project Area is one of two established in 1998 that make up the Mission Bay development, which spans 302 acres between the San Francisco Bay and Interstate 280.

https://www.bizjournals.com/sanfranc...J5M3BZaElXTyJ9
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