Kilroy Realty breaks ground on $940m life sciences project

Kilroy Realty Corp. announced that following its successful leasing of Kilroy Oyster Point Phase 1, it has started construction on the second phase of its five-phase, 50-acre, 3 million-square-foot development project in South San Francisco, the West Coast’s largest and most dynamic community of life sciences companies and research institutions. Kilroy Oyster Point Phase 2 (KOP 2) will include approximately 860,000 square feet in three buildings with a total estimated investment of $940 million.

The second phase will be home to numerous amenities that will serve all of the phases and include two standalone buildings housing a state-of-the-art fitness facility, conference center, and multiple food and beverage options. It will also showcase abundant outdoor meeting areas, including a large amphitheater, capitalizing on the project’s waterfront location and tenants’ desire for outdoor collaboration and recreation areas.