{"id":1004633401,"date":"2022-11-30T16:29:42","date_gmt":"2022-12-01T00:29:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004633401"},"modified":"2022-12-09T02:24:34","modified_gmt":"2022-12-09T10:24:34","slug":"bay-area-rd-center-gets-unanimous-approval","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/","title":{"rendered":"Lincoln Property, Dune Gain Approval for Major Bay Area Project"},"content":{"rendered":"
\"\"

Bay Area skyline. Image courtesy of Adam Derewecki via pixabay<\/p><\/div>\n

Burlingame, Calif., city officials have unanimously approved a Bay Area research and development center. 777 Airport Boulevard, brought forth by a partnership between LPC West<\/strong>, an affiliate of Lincoln Property Co.<\/strong>, and Dune Real Estate Partners<\/strong>, is anticipated to be more than 400,000 square feet of office space for employers in the science and technology space.<\/p>\n

Situated on the Burlingame waterfront, 777 Airport Boulevard is set to be a 13-story building on the corner of Airport and Anza Boulevards. The project is designed by Gensler<\/strong> with offices, laboratories and other science and technology spaces.<\/p>\n

The total lot size for the new project is 308 acres, according to CommercialEdge data<\/a>. With the appeal period closed, pre-development activities on the Class A center can commence.<\/p>\n

Environmentally sustainable features incorporated into the building’s design include shoreline infrastructure to prevent against sea level rise, water conservation installments, terraces for more access to fresh air and natural light and rooftop solar for an all-electric building. EV charging stations, bike parking, a bike repair station and ride-share parking are also being implemented into the development.<\/p>\n

More than $1 billion in economic activity is anticipated to result from the project, including $19 million in fees to the city and 2,500 permanent jobs. Another 1,000 construction jobs are set to come out of the build with some $189 million in construction-related activity.<\/p>\n

Community related outcomes to 777 Airport Boulevard are expected to be more than $5.6 million in benefits. These will include improvements to the pedestrian walkways and experiences along Airport Boulevard, educational signs along the Bay Trail, a public plaza with a caf\u00e9 and more than 1 acre of public greenspace featuring landscaping, seating and bike racks.<\/p>\n

Bay Area office space hot spot<\/h2>\n

Burlingame, located in the San Mateo County on the San Francisco Peninsula, is situated south of San Francisco. As of September, South San Francisco had 2,982,010 square feet of office space under construction, the highest across the Peninsula and Bay Area submarkets<\/a>. With life science companies moving to the area, it has become one of the nation\u2019s largest hubs for construction.<\/p>\n

Also in September, the greater Bay Area had 10.3 million square feet of office space under construction. This marks the third largest pipeline in the U.S.<\/p>\n

LPC West has been investing heavily throughout the Bay Area, as well as California in general. The company recently acquired a 228,000-square-foot Bay Area life science portfolio in Fremont. Further south, LPC West expanded its San Diego footprint with the purchase of a 135,000-square-foot industrial property<\/a> for $35.1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The science and technology center south of San Francisco is projected to generate $1 billion-plus in economic activity.<\/p>\n","protected":false},"author":3006,"featured_media":1004633403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21742,21747,1609,15],"tags":[39846,33012,32838,34331],"class_list":["post-1004633401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-latest","category-office","category-san-francisco","category-west","tag-dune-real-estate-partners","tag-gensler","tag-lincoln-property-company","tag-lpc-west"],"acf":[],"yoast_head":"\nLincoln Property, Dune Gain Approval for Major Bay Area Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Dune Real Estate Partners and LPC West\u2019s project is anticipated to deliver more than $1 billion in economic activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Property, Dune Gain Approval for Major Bay Area Project\" \/>\n<meta property=\"og:description\" content=\"Dune Real Estate Partners and LPC West\u2019s project is anticipated to deliver more than $1 billion in economic activity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-01T00:29:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:24:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/san-francisco-g9723503bd_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/\",\"name\":\"Lincoln Property, Dune Gain Approval for Major Bay Area Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/san-francisco-g9723503bd_1280.jpg\",\"datePublished\":\"2022-12-01T00:29:42+00:00\",\"dateModified\":\"2022-12-09T10:24:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Dune Real Estate Partners and LPC West\u2019s project is anticipated to deliver more than $1 billion in economic activity.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-rd-center-gets-unanimous-approval\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/san-francisco-g9723503bd_1280.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/san-francisco-g9723503bd_1280.jpg\",\"width\":800,\"height\":620,\"caption\":\"Bay Area skyline. 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