Healthpeak Properties just announced that it will proceed with the densification of its Callan Ridge campus located at 3020-3030 Callan Road in the Torrey Pines submarket of San Diego. The project will nearly double the current leasable area by replacing an outmoded 90,000-square-foot building with a new Class A two-building campus totaling approximately 185,000 square feet.
Located in the heart of Healthpeak’s 20+-acre Torrey Pines Science Park, Callan Ridge will feature “stunning” architecture and a green roof viewing deck with sweeping coastal and canyon views, as well as flexible floor plates and building systems designed to support life science uses.
“We are extremely excited to kick off this incredible project and continue to contribute to San Diego’s world-class life science ecosystem,” said Michael Dorris, Healthpeak’s senior vice president and co-head of Life Science.
Healthpeak is a pioneer in San Diego life sciences real estate with a track record of serving life sciences tenants for nearly 20 years. Callan Ridge will be Healthpeak’s second ground-up development start in the Torrey Pines submarket since 2020, following its leasing success at The Boardwalk, which is now 100% committed and anticipated to be delivered for initial occupancy in Q4 2021.
To learn more about Healthpeak Properties’ Life Science properties in California, visit the group’s website. Healthpeak Properties is a fully integrated real estate investment trust (REIT) and S&P 500 company that owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and CCRCs.