UCSF Plans New Office Building in Mission Bay
Submitted January 9, 2012, 1:51 PM
The University of California, San Francisco is seeking design-build services for a $93 million Mission Bay office building that it hopes to begin constructing at the end of this year.
The 251,000 square-foot faculty offices would be located on Block 25A at the northeast corner of 16th and 4th streets within the 43-acre UCSF Mission Bay campus. The $93 million price tag includes site and landscape development as well as interior furnishings.
UCSF currently has its research operations in two locations: 50 Beale St. in the South of Market area and 185 Berry St. in the China Basin district. The leases on these buildings come up for renewal over the next four years, the associate vice chancellor said.
“We did a financial analysis and came to the realization that it made economic sense to move our research staff out of these locations and put them into the new building. Part of this was that the space we occupied in the existing buildings is at below market rents, which would be expected to rise upon renewal,” Yamauchi said. “Another factor was the synergy of having everyone in a single location.”
UCSF hopes to hire a combination design-build team for the development. The winning proposal is to be selected in April, and design started in May. Construction is planned to begin in the fourth quarter and to take from 16 months to 20 months to complete. The new offices would be located across the street from the UCSF Medical Center, a 289-bed hospital complex for women, children and cancer patients. The $1.5 billion development, which includes the UCSF Benioff Children’s Hospital, is set to open in 2015.
The UCSF Mission Bay development encompasses 57.5 acres including both the Medical Center and the campus. It is situated near the San Francisco Giants baseball park and is about one mile south of San Francisco’s Financial District. The redevelopment incorporates more than 6,000 new housing units, including 1,800 affordable units, as well as 41 acres of parks and the new 14-acre Salesforce.com Inc. corporate headquarters. About 2.2 acres of the project are set aside for the San Francisco Unified School District as a public-school site.
