Menlo Park — Lane Partners, a commercial real estate investment and development firm headquartered in Menlo Park, CA and investment partner, the Real Estate business within Goldman Sachs Asset Management (together, the “Partnership), are pleased to announce that the City Council of South San Francisco unanimously approved the Southline development on Wednesday July 13, 2022. Approval was subject to a 30-day appeal period which expired on August 29, 2022.
Southline, one of the most transformational transit-oriented developments in the entire Bay Area is located at 30 Tanforan Avenue in South San Francisco, CA. The 28.5-acre site is adjacent to the San Bruno BART station and is in close proximity to the San Bruno and South San Francisco Caltrain stations. With substantial bus service as well, the development provides unparalleled access to all forms of public transportation. Additionally, the property sits at the nexus of US 101 and Interstates 280 and 380 offering superior vehicle access and a quick connection to San Francisco International Airport.
To secure entitlements, the Partnership was required to get approval from both the City of South San Francisco, and the City of San Bruno. They engaged in a highly robust and collaborative process that included participation from stakeholders and decision makers from both jurisdictions. The acquisition of the land and the entitlement process took nearly five years and involved multiple community meetings, Planning Commission hearings and City Council meetings. Highlights of the entitlements secured include an allowance for 2.8 million square feet of office and R&D space to be built in phases, a public/private use amenities building, up to 7 acres of open space and a new Southline Avenue roadway.
“This is a huge milestone, and we are so thankful to everyone who participated in the process, especially the South San Francisco and San Bruno communities,” said Marcus Gilmour, Principal, Lane Partners. “We are excited to create a generational project that benefits two cities in such a positive way, and we can’t wait for all of you to visit when construction is complete and enjoy what Southline has to offer.”
Phase 1 includes two six-story Class A, LEED Gold and Fitwel 2-star certified office and R&D buildings which will span approximately 650,000 square feet. The buildings feature efficient open floor plans and on-site transit/mobility hubs for local shuttles and shared ride services. The state-of-the-art structures are designed to meet the needs of today’s cutting edge life science and technology companies including 16′ floor heights, robust mechanical infrastructure, and vibration criteria.
Construction of a flagship amenities building which will have a mix of public and private uses will also be included in Phase 1. Southline tenants will have exclusive use of the fitness and wellness center. The restaurant/food service areas, bike barn and outdoor seating and plaza areas will be open to both tenants and the public.
Another feature of the project is Southline Commons which is at the core of the development and consists of 1.5 acres of green space that will provide amenities for both tenants and the public.
Features include pedestrian paths, outdoor meeting and gathering spaces, dining areas, recreation and event space, a food truck corral, a beer garden, and EV charging stations.
The Partnership commissioned the renowned firm, DES Architects + Engineers to execute their vision for Southline. They worked closely with the DES team and created a concept that pays homage to the area’s long industrial history with a design palette of terracotta and glass and public spaces that celebrate the site’s new connection with the community.
Through the entitlement of the project, the Partnership entered into a development agreement with the City of South San Francisco, providing $25 million in community benefits. In added community benefits, the Partnership will develop a community center to help integrate Southline into the broader community and will contribute to the on-going maintenance of the Centennial Way Trail.
The project also includes a large number of supportive utilities and infrastructure upgrades in both the City of South San Francisco and the City of San Bruno. In South San Francisco the plan includes a new Southline Avenue roadway that will be constructed east to west through the development between Huntington and South Linden Avenues with direct access to Interstate 280 via Sneath Road.
In San Bruno, the plan includes beautification of Tanforan Avenue, and the project will integrate the Centennial Way Trail with the vision of San Bruno’s pending cycle track improvements along Huntington Avenue. It also includes a new intersection at Huntington Avenue and Sneath Lane which provides bicycle, pedestrian, and vehicular connectivity to South Maple Avenue and the new Southline Avenue with the City of South San Francisco.
About Lane Partners
Lane Partners was formed in January of 2006 by Founder and Managing Principal, Scott Smithers for the purposes of acquiring, developing, and managing institutional quality real estate throughout Northern California. The expertise of the company lies within the ability to add value in a very cost-effective way including physical rehabilitations, lease up and re-structuring, entitlements, and general repositioning of assets. Currently, Lane Partners has over nine million square feet under development almost entirely in the Bay Area.
About Goldman Sachs Asset Management Real Estate
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1991, the Real Estate business within Goldman Sachs Asset Management is one of the largest investors in real estate with over $50 billion in assets invested since 2012 across the spectrum of investment strategies from core to opportunistic. Our global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity.