The entire project is slated for completion during the first quarter of 2003. Initial occupancy is expected late next year. Costs to complete the project are estimated at $79.4 million, says Virginia-based AvalonBay, which owns or has ownership interest in 137 apartment communities in 12 states.
When fully built out, Mission Bay will included a 5 million sf corporate and technology campus and a 43-acre health sciences campus for the University of California at San Francisco. The plan also includes more than 6,000 residential units and up to 750,000 sf of retail space. Mission Bay will also incorporate more than 50 acres of open space and recreational areas.
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