Hines, an international real estate firm, has partnered with the Morgan Stanley Real Estate Funds to develop the campus-like project, which consists of 220,000 sf of Class A mid-rise office space, 388,000 sf of premium R&D space, and a four-star hotel.
"It is rare to bring such a mix of uses together on a suburban site, and we are very excited to create a hub of activity for the entire northern Peninsula, which has traditionally been underserved by an amenity base," says senior project manager Lisa Burke Lewis.
The 16-acre campus will feature 20,000 sf of retail space on the ground floor. Its four-star hotel is currently under contract to Western International, a Dallas-based hotel development company that is working with Marriott International to develop and operate a full-service Marriott hotel.
"The Cove has the distinguished advantage of being the only Class A development on the San Francisco Peninsula that is situated on both the highway and the Bay," says Jim Buie, executive vice president at Hines.
The project is located between Highway 101, the major north-south artery in the Peninsula, and the San Francisco Bay coastline. Both BART and Caltrain will provide major transit alternatives for tenants of The Cove. When BART completes its SFO International Airport extension, peak hour shuttle services to BART and Caltrain will provide commuters with direct service.
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