|
Getting your Trinity Audio player ready...
|
Local biotech company 10x Genomics announced on Tuesday new details about expanding its footprint in Pleasanton by leasing a second building in the same complex shared by its current headquarters and paying $29.4 million to buy the old Pleasanton Plaza site nearby.
Mayor Karla Brown said in a statement that the company’s “investment in new facilities to expand its headquarters and research presence further demonstrates that Pleasanton is a flagship city for life sciences companies,” adding that “we look forward to our continued partnership in working with 10x Genomics on this project.”
The former Pleasanton Plaza retail complex just south of Stoneridge Shopping Center at 1701 Springdale Ave. will undergo “a significant transformation,” 10x Genomics representatives said.
After the existing single-story buildings are demolished, three new buildings totaling 381,000 square feet and a parking garage will be built across the 14.6-acre site. The first building is scheduled to open next year, and include clean rooms for labs as well as office space.
The rezoning and redevelopment plan was initially reviewed by the Pleasanton Planning Commission in November, and staff reported comments about the project were “generally positive.”
As a planned use development proposal, the Pleasanton City Council would have final approval of the concept. A formal hearing is expected to take place in the spring.
While construction is underway on the second campus, another building at Pleasanton Corporate Commons will help 10x Genomics grow its operations. The building at 6210 Stoneridge Mall Road is booked for “an extensive interior buildout to enhance the company’s research and development capabilities,” company officials said. The new space will be occupied in phases, and is expected to be fully completed by 2023.
Though now grown to more than 900 employees around the world, including in Singapore, China, the Netherlands, Copenhagen and Sweden, the company said these decisions “reaffirm” their commitment to Pleasanton, where it has called home for nearly a decade.
“Pleasanton has been an incredible base for us since our start in a garage almost 10 years ago with its great talent, affordable cost of living and vibrant community,” co-founder and CEO Serge Saxonov said in a statement. “We look forward to extending our headquarters in this city and staying here for years to come.”
In recognition of the long-term investment in the community, the currently-named street Fabian Court connecting the 10x Genomics building on Stoneridge Mall Road to the new campus on Springdale Avenue will be renamed by the city to “Genomics Place” later this year, company officials said.
You’ll notice that none of these large companies moving into ptown have an on site gas station competing with shell oil so I’m pretty sure MS and his merry band of troublemakers are out there counting crickets!!
Build our Costco now!
This should be a benefit to Pleasanton. But if the traffic generated by this project, with a parking garage, is not a problem then why is Costco? Crickets from M. Sullivan on this. To the City Council…get Costco built!
The Sullivan wet paper bag position failed to hold water all of 2020 and continuing through 2021, due to COVID-19 Pandemic shutdown and ninety percent of the work force working from home.
Corporations have profited from this scenario and are on record to continue this newly found method of employment.
THERE IS NO TRAFFIC, AS THE SULLIVAN WET PAPER BAG POSITION CLAIMS.
Pleasanton city attorney should go back to court with this new evidence.
Not sure why my last comment was deleted.
10X, Veeva, Workday, Roche, etc. are great companies for Pleasanton and Bay Area.
We continue to be a great place for hi-tech and life sciences companies even though some older more established companies move out due to lack of growth and innovation on their side. Yes, it is expensive here in CA but we are the center of innovations coming from great schools and innovative companies with great pipeline of products.