The Peninsula is about to get a large bayside office and R&D development. Kylli just broke ground in Burlingame for a 767k SF development dubbed Burlingame Point. The project will be among the largest office sites along the Peninsula.
“Our investment approach is focused on best-in-class real estate opportunities in growth markets,” Kylli president Xueqin Den said. “We feel that the project site provides a one-of-a-kind location, where Kylli’s vision of building a dynamic campus will create a destination location.”
The complex on 300 Airport Blvd. will consist of four mid-rise office/R&D buildings with five to seven stories, a two-story amenity building and a six-level parking structure. The amenity building will provide public access to child care, a fitness center, restaurants and outdoor terraces. A car-free pedestrian walkway will run the length of the bayfront site. Each office building will have outdoor terraces.
“We offer a scale and location that are unparalleled by other area projects and accordingly are seeing activity from local, national and international firms,” Cushman & Wakefield managing principal Mike Moran said.
Kylli established its Bay Area presence with its acquisition of 225 Bush St. Its strategy is to focus on acquiring select, large-scale real estate projects in gateway markets, such as the San Francisco Bay Area, Den said. Den expects Kylli to become a long-term investor in the Bay Area.
Cushman & Wakefield’s Moran and senior managing director Clarke Funkhouser are leasing up the property, which was designed by Gensler. Hathaway Dinwiddie is the general contractor.