{"id":1004673094,"date":"2023-07-21T02:02:33","date_gmt":"2023-07-21T10:02:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004673094"},"modified":"2023-07-21T04:18:48","modified_gmt":"2023-07-21T12:18:48","slug":"trammell-crow-cbre-break-ground-on-san-francisco-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/","title":{"rendered":"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project"},"content":{"rendered":"
\"\"<\/a>

200 Twin Dolphin Drive. Image courtesy of Trammell Crow Co.<\/em><\/p><\/div>\n

The joint venture of Trammell Crow Co.<\/strong> and CBRE Investment Management<\/strong> has broken ground on a 234,000-square-foot life science development in Redwood City, Calif. DGA<\/strong> is the architect of record, while Truebeck Construction<\/strong> serves as general contractor. Completion is expected during the fourth quarter of 2024.<\/p>\n

The five-floor Class A project rising at 200 Twin Dolphin Drive in Bay Area\u2019s Peninsula will feature a rooftop deck, outdoor terraces and access to walking and biking trails. Electric vehicle charging will be available at the property, which is aiming for a LEED Gold certification. A CBRE<\/strong> team comprising Mike Moran, Damon Schor and Charlie Moran are managing marketing and leasing at the facility.<\/p>\n

\n

READ ALSO:<\/strong> San Francisco\u2019s Office Market Favored Life Science in Q1<\/a><\/p>\n

\n

The project’s beginnings date back to 2018, when Sand Hill Property Co.<\/strong> proposed the demolition of a six-asset office campus existing on location at the time; two new office buildings were to take its place.<\/p>\n

However, plans changed over time. In 2021, the developer submitted a new proposal to Redwood City authorities, including a five-story office building and a five-level garage. Although approved, the project never took flight and, one year later, Trammell Crow purchased the 4.7-acre development site from Sand Hill for some $65 million.<\/p>\n

The property will be just east of U.S. Route 101, across from the Red Shores Lagoon. Downtown San Francisco will be some 23 miles away.<\/p>\n

Recent life science activity in San Francisco<\/h2>\n

Greater San Francisco remained the most expensive market in western U.S., according to a recent CommercialEdge report<\/a>. The metro also had one of the nation\u2019s highest vacancy rates in June, which the report attributed to difficulties surrounding the tech sector. Vacancies reached 21.1 percent, up 3.6 percent year-over-year.<\/p>\n

However, the metro continues to attract life science projects. In March, Prologis requested the local authorities’ approval for the construction of a 550,000-square-foot campus in South San Francisco<\/a>. The development site is just south of 100 E. Grand Ave., another parcel where the firm plans to build a recently entitled 600,000-square-foot life science campus.<\/p>\n

Other recent life science deals in the area include IDEAYA Biosciences\u2019 recent agreement<\/a> to occupy 44,000 square feet at DivcoWest\u2019s South San Francisco\u2019s Sierra Point life science hub, and Madison Capital Group\u2019s acquisition of a 575,775-square-foot research and development campus in Fremont, Calif.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The facility is expected to come online by the end of 2024.<\/p>\n","protected":false},"author":3154,"featured_media":1004673097,"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":[51764,32779,32893],"class_list":["post-1004673094","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-cbre-investment-management","tag-leed","tag-trammell-crow-company"],"acf":[],"yoast_head":"\nTrammell Crow, CBRE IM Break Ground on San Francisco Life Science Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Trammell Crow Co. and CBRE Investment Management have broken ground on a 234,000-square-foot life science project in Redwood City, Calif.\" \/>\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\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project\" \/>\n<meta property=\"og:description\" content=\"Trammell Crow Co. and CBRE Investment Management have broken ground on a 234,000-square-foot life science project in Redwood City, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/\" \/>\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=\"2023-07-21T10:02:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-21T12:18:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.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=\"Fotios Tsarouhis\" \/>\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\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/\",\"name\":\"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg\",\"datePublished\":\"2023-07-21T10:02:33+00:00\",\"dateModified\":\"2023-07-21T12:18:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8\"},\"description\":\"Trammell Crow Co. and CBRE Investment Management have broken ground on a 234,000-square-foot life science project in Redwood City, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg\",\"width\":800,\"height\":620,\"caption\":\"A rendering of the facility. Image courtesy of Trammell Crow Co.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8\",\"name\":\"Fotios Tsarouhis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g\",\"caption\":\"Fotios Tsarouhis\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/fotios-tsarouhis\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project - Commercial Property Executive","description":"Trammell Crow Co. and CBRE Investment Management have broken ground on a 234,000-square-foot life science project in Redwood City, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/","og_locale":"en_US","og_type":"article","og_title":"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project","og_description":"Trammell Crow Co. and CBRE Investment Management have broken ground on a 234,000-square-foot life science project in Redwood City, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-07-21T10:02:33+00:00","article_modified_time":"2023-07-21T12:18:48+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg","type":"image\/jpeg"}],"author":"Fotios Tsarouhis","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/","url":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/","name":"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg","datePublished":"2023-07-21T10:02:33+00:00","dateModified":"2023-07-21T12:18:48+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8"},"description":"Trammell Crow Co. and CBRE Investment Management have broken ground on a 234,000-square-foot life science project in Redwood City, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg","width":800,"height":620,"caption":"A rendering of the facility. Image courtesy of Trammell Crow Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-cbre-break-ground-on-san-francisco-life-science-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trammell Crow, CBRE IM Break Ground on San Francisco Life Science Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8","name":"Fotios Tsarouhis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g","caption":"Fotios Tsarouhis"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/fotios-tsarouhis\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/200-twin-dolphin-drive-redwood-city.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004673094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3154"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004673094"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004673094\/revisions"}],"predecessor-version":[{"id":1004673174,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004673094\/revisions\/1004673174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004673097"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004673094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004673094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004673094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}