Avia Labs at Millbrae Station. Rendering courtesy of Longfellow Actual Property Companions
Longfellow Actual Property Companions has damaged floor on Avia Labs at Millbrae Station, a Class A, life science campus in Millbrae, Calif. The event is about to embody 315,000 sq. toes of lab and workplace house.
Designed to realize LEED Gold and Fitwel certifications, the all-electric Avia Labs is about to include sustainability and well-being parts. The event will comply to ESG requirements and meet the necessities of educational analysis establishments, in addition to biotech corporations, stated Longfellow Managing Director Lauren McDermott in a ready assertion.
READ ALSO: Rising Developments in Bay Space Life Science Design
A health heart, convention areas, bike storage, a terrace and a publicly accessible cafe are among the many deliberate facilities on the property. The upcoming campus will rise at 210 Adrian Highway and can be inside strolling distance of the Millbrae Transit Heart and fewer than 3 miles from San Francisco Worldwide Airport.
Earlier this month, Spear Avenue Capital topped out 300 Kansas, a sustainable analysis and improvement manufacturing constructing in San Francisco. The design of the event options an all-electric, zero-carbon design.
Longfellow Actual Property expands in California
The groundbreaking of the Avia Labs campus is a big milestone for Longfellow, marking the corporate’s continued progress within the Bay Space since its debut in 2018. On the finish of final 12 months, Longfellow acquired $202.6 million in development financing for Bioterra, a 316,000-square-foot life science undertaking in San Diego. The undertaking is slated for completion within the third quarter of 2024.
Longfellow presently has greater than 2.5 million sq. toes of present house and has plans for an extra 2.5 million sq. toes of improvement, with key initiatives underway in California together with some in Palo Alto, Redwood Metropolis, San Francisco and Emeryville.
Newmark analysis signifies that the Bay Space continues to carry its place because the second most vital life science cluster within the U.S., because of its abundance of laboratory house exceeding 33 million sq. toes, robust demand from tenants and sturdy enterprise capital networks.
A current CommercialEdge report reveals that, as of January 2023, the workplace pipeline within the Bay Space was poised to develop stock by 2.9 %, with the addition of 5.8 million sq. toes of recent house.
