SAN FRANCISCO—HCP and CBRE plan to break ground this week on the first phase of The Cove at Oyster Point, a new life science development located in South San Francisco.

“We are excited to commence development of The Cove and believe that its innovative design and rich amenities will be attractive to our existing life science clients and the broader life science industry,” said Jon Bergschneider, executive vice president of HCP Life Science Estates.

The Cove will be South San Francisco's first ground-up multi-tenant life science development in close to a decade, according to CBRE life sciences experts Chris Jacobs and Rick Friday, who have been engaged by HCP to exclusively handle leasing of the project.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.