A mega-development in the heart of San Diego's research cluster has won the unanimous approval of the city's Planning Commission, a 1M SF life science project that will be known as BioMed Towne Center View.

BioMed Realty is planning to build the research campus, which will include five buildings on a 34-acre site in San Diego's University City district, the San Diego Union-Tribune reported.

The planners approved the project's environmental impact statement, the most important hurdle before the City Council ratifies the deal. In a statement hailing the approach of the finish line for the project, which has been two years in the making, the developers stressed the environmental stewardship that has been a priority of the plans.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.