HCP Breaks Ground on Phase I of The Cove at Oyster Point in San Francisco

by Nellie Day

SAN FRANCISCO — HCP has broken ground on the first phase of The Cove at Oyster Point, a new life science development in South San Francisco. The 884,000-square-foot project will be located on Oyster Point Boulevard.

The campus will contain seven buildings that range in size from 102,000 square feet to 158,000 square feet. It will also feature 5.5 acres of outdoor green space, an amenity center, and retail and hotel entitlements.

The first phase will contain two buildings totaling 253,000 square feet. They are scheduled for completion in the third quarter of 2016.

The Cove will be South San Francisco’s first ground-up, multi-tenant life science development in nearly a decade, according to CBRE life sciences experts Chris Jacobs and Rick Friday, who are serving as the project’s exclusive leasing agents.

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