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Bay Area Developer Lands $118 Million To Fund Construction of Life Science Project

Square Mile Capital Bets on Booming San Francisco Biotech Sector With Backing for Presidio Bay Ventures Proposal
Presidio Bay Ventures has lined up $118 million in construction financing for its life science development at 777 Industrial Road in San Carlos, California. (CoStar)
Presidio Bay Ventures has lined up $118 million in construction financing for its life science development at 777 Industrial Road in San Carlos, California. (CoStar)
CoStar News
April 21, 2022 | 10:20 P.M.

A project planned to join the San Francisco Bay Area's booming life science market took a big step forward with a $118 million construction loan commitment as developers and lenders are willing to place big bets on the ongoing expansion of the region's biotech cluster.

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