IQHQ has completed the acquisition of Elco Yards. Situated in Redwood City, one of the peninsula’s most dynamic downtowns, the fully entitled, shovel-ready development site is within walking distance to transit connections from San Francisco to San Jose. Expanding on IQHQ’s ongoing development efforts in the Bay Area, Elco Yards is a mixed-use district that aligns with the company’s strategy to develop iconic, sustainable and transformational projects in the world’s leading life-science markets. The purchase price was not disclosed.
Elco Yards represents the first large-scale office and life-science development site in a central downtown location in Redwood City, which is home to a cluster of life-science companies. The development features four buildings totaling about 600,000 square feet and two residential buildings with 540 units. For the residential buildings, IQHQ has engaged a premier residential development partner, Greystar, to meet the area’s growing deman
