Healthpeak Properties receives entitlements for additional 1.3msf of development at the Vantage campus in South San Francisco
Healthpeak Properties, an owner, operator and developer of real estate for healthcare discovery and delivery, has received approval of entitlements for Phases II and III of its purpose-built lab development campus, Vantage, in South San Francisco.
The newly awarded entitlements provide Healthpeak the ability to deliver an additional 1.3 million square feet of lab space, bringing the combined campus to approximately 1.7 million square feet upon full buildout. These entitlements represent double the allowable density compared to when Healthpeak originally acquired the land. The long-term nature of the entitlements offers flexibility to deliver the balance of the development in phases to align with market demand.
Strategically located in the heart of South San Francisco and at the doorstep of Genentech’s headquarters, the 20-acre purpose-built lab campus offers tenants a highly amenitized, world-class campus setting with access to multiple modes of transportation, inclu