Alexandria is thinking big as it lays out plans for 1.6M square foot Bay Area biotech campus
The latest sprawling biotech campus under development in the Bay Area is taking shape.
San Francisco Business Times reporter Ron Leuty has the story, detailing Alexandria Real Estate’s 1.6 million-square-foot blueprint centering on the old Kelly-Moore Paints headquarters in San Carlos, wedged between the booming hub in South San Francisco, where Genentech is based, and the Stanford campus to the south.
Alexandria has its own campus in mind, according to the report, with a park and 6 buildings of 5 to 7 floors. That’s in addition to two buildings it has under construction nearby that total 526,178 square feet. It’s to be dubbed the Alexandria District for Science & Technology and ChemoCentryx is signed up to move in.
Zacks reports that Alexandria also picked up a building in Stanford Research Park as they look to beef up their presence in the university’s innovation center.
Horizon Therapeutics, meanwhile, has just opened its new 20,000 square foot facility in South San Francisco, with new lab space and formulation and process development capacity. And they expect to use it as a base to strike up new alliances with collaborators in the area.
Allogene chairman Arie Belldegrun — who has his own development company at working building new space around the globe — told me recently that getting office and lab space for a biotech in the Bay Area is one of the biggest challenges faced by any startup. He landed his building from Exelixis after he happened to overhear execs discussing their moving plans — and then jumped into the conversation with an offer to grab it. In addition to the startups, majors like Merck have been building up new regional operations as well. And GSK R&D chief Hal Barron has helped push things along by striking a string of research alliances with Lyell and others in the area.
The booming biopharma business, backed by record levels of cash flowing into startups and IPOs, has been busting at the seams in San Francisco and Boston/Cambridge. And that will continue to spawn new development projects like this — until the money stream slows down.