August 18, 2022

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Residential infrastructure

Torrey Pines research campus cleared for Salk-inspired remodel

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The investigate campus specifically opposite San Diego’s famed Torrey Pines Golfing Course will be overhauled to match — and most likely even elevate — the life science prestige of its address at the corner of Science Park Street and North Torrey Pines Highway.

Thursday, San Diego Organizing Commissioners unanimously approved the permits expected for A person Alexandria Sq., which is a reimagining of Alexandria True Estate Equities’ present 22-acre facility sandwiched in between Callan Road and Science Park Highway in Torrey Pines.

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With the acceptance, the publicly traded serious estate investment decision rely on expects to start off development at the conclude of the 12 months on a few, all-new analysis and enhancement properties alongside a large courtyard, pickle ball services, a get-and-go lunch place, a destination cafe and an function middle. A 2nd period will insert a fourth new setting up to the campus.

The 4, low-rise structures and amenity areas will exchange two 1970’s-period lifetime science buildings at 10975 North Torrey Pines Rd. and 10931-10933 North Torrey Pines.

Completely, One particular Alexandria Sq. will introduce 229,000 square feet of new development and will end result in a whole of 428,160 square toes of office and lab room, with the footprint such as the developer’s existing amenity-abundant biotech pleasurable zone recognized as The Alexandria. The task also includes 1,487 parking spaces, housed equally beneath the new buildings and in a standalone parking garage.

“This is one of the leading sites in the state for lifetime science … . (One particular Alexandria Square) is heading to fully reshape that whole Torrey Pines mesa with kick-ass, timeless architecture that (was) motivated by the Salk (Institute),” Dan Ryan, who is co-chief financial investment officer for Alexandria, explained to the Union-Tribune. “The considering listed here was to construct generational properties that are timeless in their style and design, and so it is heading to be an astounding insert to that science neighborhood.”

Ryan declined to share the cost of 1 Alexandria Sq..

The flagship task, built by architectural company NBBJ, will serve as the gateway for Torrey Pines and, by extension, the relaxation of San Diego, Ryan informed commissioners.

One Alexandria Square aerial rendering

Just one Alexandria Sq. consists of 4 new investigation and growth buildings, an amenity plaza with a destination cafe and a parking garage. Tenants will also be able to wander to The Alexandria, an eat-work-perform creating that includes the Farmer and the Seahorse cafe, a health and fitness center and a barber shop.

(Courtesy, Alexandria Serious Estate Equities, Inc)

Formally started out in 1994 with the acquire of the One particular Alexandria Sq. website, Maryland-centered Alexandria now operates 42 million sq. toes of space spread throughout 446 properties in San Diego, Boston, the Bay Region, New York City and Seattle, in accordance to regulatory filings. In San Diego, the existence science developer operates 104 houses and 8.4 million sq. toes of lab and workplace room, when together with jobs underneath design. Its holdings are concentrated in Torrey Pines, College Town and Sorrento Mesa.

Scheduling commissioners spoke favorably of A single Alexandria Square and its layout.

“I feel it’s wonderful,” said Kelly Modén, who is vice chair of the Planning Fee. “I assume it will lead to San Diego’s financial vitality and carry on to grow (the region’s) presence in the lifetime science community.”

The 7 volunteer commissioners, who are appointed by the mayor, ended up expected to indicator off on the project’s internet site advancement permit. Town Council action isn’t essential unless the commission’s decision is appealed. The developer requested and obtained deviations from development restrictions that will permit it to make nearer to the public appropriate-of-way together North Torrey Pines Street and develop a broader-than-regular entry driveway. The task previously acquired the unanimous assist of the College Neighborhood Arranging Group.

Alexandria has pre-leased 3 of the project’s properties. Publicly traded Singular Genomics, a following-generation sequencing know-how organization that focuses on oncology and immunology, has leased two of the buildings. Local startup Boundless Bio, which specializes in chopping-edge cancer remedies, has leased the third, Ryan explained.

The initial period of development is predicted to be done by the close of 2024.



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