A joint venture plans to redevelop 777 Industrial Rd. into a 123,000-square-foot class-A life science building located within one of the Bay Area’s fastest growing life science clusters, San Carlos.

Presidio Bay Ventures partnered with Kinship Capital to acquire a piece of property in the Northern California city to redevelop into a space for the life sciences industry.

San Francisco-based Presidio Bay Ventures, in a joint venture with Kinship Capital, acquired 777 Industrial Rd. in San Carlos. The JV plans to redevelop the property into a 123,000-square-foot Class A life science building with high quality materials and cutting-edge functionality.

San Francisco commercial real estate developer Presidio Bay Ventures has snapped up a San Carlos Honda dealership with plans to transform the site into a life sciences building.

CBRE announced today that it has been awarded the listing of the retail component of Springline, a 6.4-acre mixed-use development in Menlo Park, Calif., by Presidio Bay Ventures (Presidio Bay), a leading California-based commercial real estate investment firm.

The refined plans for a 111-unit residential building to rise up to 130-feet in height at 550 O’Farrell Street are slated to be approved by Planning next week.

Presidio Bay has since worked to rebrand and reimagine several components of the project in an effort to attract new tenants. A huge component of the rebranding is ensuring vibrancy and activity. The ultimate goal, stated Sanandaji, is to have engagement happening with the development and adjacent CalTrain station throughout the entire course of the day, as opposed to simply business hours. The layering of not just office and retail, but housing and open space at scale, will be utilized to accomplish this end.

Presidio Bay's The Quinn is set to begin selling in early 2021 from the $800,000s and will include a wide array of special tech-, sustainability- and wellness-driven amenities, along with unique community spaces.

Presidio Bay Ventures unveiled plans for Springline, a 6.4-acre mixed-use development in Menlo Park. Plans call for two 100,000-square-foot, state-of-the-art, Class A+ office buildings, 183 residences, exclusive retail and dining options, a dual-level subterranean parking garage, as well as substantial public outdoor space.

Springline—a 6.4-acre mixed-use development located at 1300-1302 El Camino Real and 550 Oak Grove Avenue in Menlo Park, California. With a focus on tenant and visitor hospitality, the property will boast two 100,000 square foot state-of-the-art, Class A+ office buildings, 183 residences, exclusive retail and dining options, a dual-level subterranean parking garage, as well as substantial public outdoor space tailor-made for one-of-a-kind experiences, gatherings, and events for both tenants and the surrounding community.

With Springline — a mixed-use development rising on a 6.4-acre parcel at 1300-1302 El Camino Real and 550 Oak Grove Ave. — Presidio Bay Ventures is looking to create a “city within a city” that will meet residents’ changing needs in light of the Covid-19 pandemic while drawing in outside crowds, according to Cyrus Sanandaji, the developer's managing director.

With Merkado’s landlord, Presidio Bay Ventures, not charging rent during the pandemic, the three restaurant owners just split the utilities. They’re discussing formalizing their collaboration when the pandemic ends and potentially bringing on other vendors.