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Kilroy To Make $900 Million Speculative Bet That Bay Area Biotech Boom Outlasts Pandemic

National Office Developer To Break Ground on Next Phase of Sprawling South San Francisco Development
Kilroy Realty Corp. is preparing to break ground on the second of four phases for its 3 million-square-foot Oyster Point office and lab development in South San Francisco, California. (Kilroy Realty Corp.)
Kilroy Realty Corp. is preparing to break ground on the second of four phases for its 3 million-square-foot Oyster Point office and lab development in South San Francisco, California. (Kilroy Realty Corp.)
CoStar News
May 5, 2021 | 2:01 P.M.

One of the West Coast's largest real estate developers is moving full steam ahead on the next phase of a sprawling waterfront project in one of the nation's largest biotech hubs. The development, which is being built without a tenant in tow, bucks a trend of prominent Bay Area office projects that have been pushed to the back burner amid the coronavirus pandemic.

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