San Leandro City Council this week unanimously approved the planning entitlements and development agreement for a, multi-phased, high-density Downtown Technology Campus.
This project represents the first major office development under the city’s Downtown Transit-Oriented Development Strategy, and is the first major technology-oriented project downtown.
Once completed, the new campus will consist of three six-story office buildings totaling 340,000 to 500,000 square feet.
“A new, Class A commercial district designed for tech firms and other companies at the forefront of today’s innovation economy will soon exist in the center of the San Francisco Bay Area,” said Mayor Stephen Cassidy.
Once completed, full build-out of the project will bring in $200 million of private investment to San Leandro. Phase 1 alone is estimated to cost $50 million.
< p>< p>In addition about 2,000 construction jobs will be created from all three phases of development, with 1,800 employees occupying the finished buildings.
Phase 1, which will consist of a six-story 132,000-square-foot office building, is expected to begin construction in the fall and completed in Spring 2016.
OSIsoft, the San Leandro- based, international software company is slated to be the primary tenant in this initial phase of the project. To meet its continuing growth, OSIsoft recently expanded into offices nearby in Creekside Plaza, the City’s first Class A office space.
“We truly believe in San Leandro and look forward to consolidating our two existing buildings into one that will be state-of-the art, Class A office space where we can execute our office space design ideas and physically reintegrate sales and engineering,” said Patrick Kennedy, CEO of OSIsoft.
Amenities of the development will include a paseo connecting Alvarado Street directly to the nearby BART Station, on-site public art, a new multi-story parking structure, and a landscaped pedestrian and bicycle pathway on Martinez Street, which also represents the first phase of the regional East Bay Green Way.
Each building will be sustainably designed to LEED Gold standards.
“This has truly been a public-private partnership in the best sense of the word as the City and Westlake have worked closely together in difficult economic times and through unforeseen circumstances, said Sunny Tong, managing partner of Westlake.
For more information about this project, contact Tom Liao, Deputy Community Development Director, at (510) 577-6003 or [email protected]