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EMERYSTATION GREENWAY BUILDING: DESCRIPTION
Setting: Located at the easily-accessed and highly-visible intersection of Powell and Hollis Streets right off the I-80 exit, the
EmeryStation Greenway Building is a flexible, state-of-the-art research-and-development building. It overlooks Emeryville’s Greenway,
the handsomely-landscaped bike and pedestrian corridor that runs north-south through the city. The building’s large, usable outdoor
decks and stepped-back eastern façade take full advantage of this amenity while providing dramatic views to the Berkeley and Oakland
hills beyond. A signature plaza at the corner of Powell and Hollis features arts, seating areas and abundant landscaping. The project’s
ground floor includes a full-service restaurant facing this plaza.
Campus benefits: The project offers its tenants access to the EmeryStation Campus conference center and to the central employee
health club/work-out facility. As described more fully herein, the EmeryStation Campus offers many eating choices as well as housing
many other public and private research groups which offer unique collaboration opportunities.
LEED rated: The building has been pre-certified LEED Gold. It incorporates many sustainable design features that use resources
wisely and which will also offer operating cost savings to its tenants. 100% of all site-generated storm water is filtered biologically in
landscape planters before being released into the EBMUD System.
Architecture: Designed by DGA Architects, one of California’s leading firms specializing in the design of office and laboratory facilities
for biotech and green tech research, the EmeryStation Greenway Building artfully blends stone, precast and glass into a contemporary
expression. With four levels above grade and one below, the building contains its own secure, structured parking. Major core elements
such as elevators, bathrooms, etc. are located at the northern end, leaving open, flexible and unobstructed floor plates that vary in
size from 24,000 to 33,000 rentable square feet (and 11,000 square feet still available at grade suitable for retail, office and/or lab).
Predominantly 32 foot bay depths allow for typical 10'- 8" lab bench modules.
Structure: The state-of-the-art structural system was designed by Murphy Burr Curry to allow for the safest and most reliable operating environment. The primary structural and skin systems have been designed to a 1.1 seismic factor, exceeding the requirements of the latest California Building Code. Slab-to-slab heights of 15 feet on all floors, paired with beams no deeper than 24 inches, allow for ample above-ceiling space for complicated lab HVAC and infrastructure. Floors are designed to accept an above-standard 100 lbs live load, with the roof slab designed to the same high standard to accommodate HVAC and other equipment loading.
Utilities: The project is served by a 4000 amp PG&E service and has a pre-installed emergency generator over-sized to cover not only essential life safety needs but also key tenant operational needs as well. The main natural gas room has ample room for numerous tenant meters. Water and waste connections are already provided. Wareham is delivering a warm shell with common areas, main lobby, elevators, stairways, bathrooms, landscaping and security already in place. This gives tenants maximum utility and the best economies in creating their workplaces, as well as allowing maximum speed in completing their tenant improvements.
Elevators: The three main project elevators are state-of-the-art machine-room-less (MRL) elevators. The central core includes two passenger elevators, each with 3,500 lb. capacity, and a dedicated freight elevator of 5,000 lb capacity that accesses the building’s loading dock. Both passenger elevators serve the project’s subterranean level and the four occupied floors above.
Loading Dock: The base building includes a loading dock and facilities adequate for 60' vehicles at the north end of the property. A level-a-tor is anticipated to be included to allow easy unloading from all types and heights of trucks. The loading dock directly accesses the freight elevator.
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The typical asking rate per listing is in the $30's per square foot per year. The Central Emeryville region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the East Bay market, the Central Emeryville region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
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