SteelWave Plans Industrial and Office Campus Near Pleasanton

UPDATED: AUG. 18 at 11 a.m.:

SteelWave wants to build a 270,000-square-foot industrial and office campus east of Pleasanton on 18 acres.

The San Mateo-based developer has filed plans to build the campus at El Charro Road and the Arroyo Mocho, east of Chocolate Street, the San Francisco Business Times reported.

Plans by SteelWave include two industrial buildings, including one with 131,000 square feet and another with 156,600 square feet. It also plans to build a two-story, 12,000-square-foot office or retail building.

The proposed building site on unincorporated land east of town is zoned for agricultural use.

To build the complex, SteelWave would have to have the land rezoned for light industrial and other uses, Community Development Director Ellen Clark told the Business Times. It would also require approval from the city’s planning commission, city council and Alameda County.

The area east of town in unincorporated Alameda County was once considered for annexation by the city, according to the Business Times, and a target for more than 1,000 homes. But the city backed off after community opposition.

SteelWave has invested more than $17.5 billion in life sciences, office, industrial and apartment buildings across the West, according to its website. It’s also behind three life sciences projects in Berkeley, Emeryville and Foster City under theLAB name.

In May of last year, the 25-year-old firm once known as Legacy Partners Commercial bought a parking lot in South San Francisco for $85 million, not long after it bought a defunct strip mall for $98 million with plans to build a 722,000-square-foot office-retail village.

Correction: Previous story had inaccurate estimates of square footage and acreage for the project, as well as ownership information for the parcel.

— Dana Bartholomew