Healthpeak Properties has announced plans to build Vantage, a 343,000-square-foot life science campus in South San Francisco. The property will feature two purpose-built life science buildings and a 30,000-square-foot amenity center. It will break ground by the end of the year, and it is scheduled for delivery in late 2023.

This is Healthpeak's third active development in the area. It also has The Shore at Sierra Point and Nexus on Grand, which have both experienced strong leasing activity. All three are actively under construction. Vantage is part of the firm's expansion plans in the area to meet growing tenant demand.

In addition to South San Francisco, the firm is also active in the San Diego market. In June, the firm started construction on a new life science property in San Diego. The property, known as Sorrento Gateway, is a 163,000-square-foot class-A life science property in Sorrento Mesa. This is Healthpeak's third ground-up development in the market since 2020.