New $241M Berkeley Life Science Campus in the Works
Real estate developer SteelWave is planning to build a $241 million life science campus on 5th Street in Berkeley, CA. The project, called theLAB, will be a Class-A, creative office and lab facility involving the renovation of four existing industrial properties plus a new ground-up building.
The development is expected to be the first of three “theLABs” in the Bay Area, with facilities also planned in Emeryville and Foster City.
Some of the features in theLAB include AmpitheaterLAB, a place to listen, learn and be entertained, PresentationLAB, a meeting and presentation space, and FitnessLAB, a state-of-the-art gym and yoga area, complete with locker rooms and a private shower. The design for theLAB Berkeley includes exposed bow-truss ceilings and a large indoor-outdoor mezzanine with a San Francisco Bay view. SteelWave will also build a parking garage next door to theLAB.
SteelWave reportedly has two tenants already committed for theLAB, Bolt Threats and Conception Bio. The project is expected to be completed in 2024.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.