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Alexandria, TMG Win Approval to Develop 1M-SF SoMa MXU
Alexandria Real Estate Equities, Inc. and TMG Partners received full project approval from the San Francisco Planning Commission on their proposed 1.07-million-square-foot mixed-use development at 88 Bluxome St. in Central SoMa. The future development project is the first within the Central SoMa Plan to be fully approved and receive its full Prop M allocation.
Anchored by Pinterest, Inc. and the Bay Club, the project is nearly 60% pre-leased, and Alexandria is experiencing strong demand for the high-tech office and laboratory project. Construction is expected to commence in 2020, and initial delivery is expected in 2022.
Alexandria’s Terezia Nemeth says, “88 Bluxome will bring an exceptional mix of much-needed community benefits and retail amenities to SoMa, while it provides a dynamic campus environment to spur innovation.”
The campus will feature an iconic, cutting-edge technology and life science facility, with active ground-floor retail space and ample outdoor deck space on multiple levels of the building.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development


