Idec Pharmaceuticals, wrapping up a three-year site search thatincluded theOtay Mesa area of South San Diego County as well as SanAntonio, has settledon Stirling Development's 393-acre Ocean RanchCorporate Centre, accordingto Oceanside Economic DevelopmentDirector Jane McVey.
If a city incentive package is approved as expected onWednesday, Idec wouldopen escrow on the purchase of 60 acres forthe first 362,000-sf phase ofthe project, slated for completion byJuly 2003, McVey tells GlobeSt.com.
By 2008, the development could reach 1.37 million sf and employup to 2,400workers, she says. The deal could put the city about 30miles north of SanDiego on the biotechnology map, she says.
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