Healthpeak Properties, Inc. last week announced that it will proceed with the densification of its Callan Ridge campus, at 3020-3030 Callan Road in the Torrey Pines submarket of San Diego.
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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-plus-acre Torrey Pines Science Park, Callan Ridge will feature “stunning” architecture, a green roof viewing deck with coastal and canyon views, as well as flexible floor plates and building systems designed to support life science uses, according to the announcement.
“We are extremely excited to kick off this incredible project and continue to contribute to San Diego’s world-class life science ecosystem,” Michael Dorris, Healthpeak’s Senior Vice President and Co-Head of Life Science, said.
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 percent committed and anticipated to be delivered for initial occupancy in 4Q 2021.