Tech Park Expansion, Housing and an Off-Campus Office Update
Between the expansion of the Cal Poly Technology Park, the finalized schedule for improvements and move at a new off-campus office space, and groundbreaking plans for the new faculty and staff housing development, Real Estate Development and Services has had a busy summer.
The corporation’s newest division, Real Estate Development and Services manages Cal Poly Corporation-owned properties. These properties range from Bartleson Ranch, Swanton Pacific Ranch, the Cal Poly Technology Park and the Tanklage property which support student and faculty research, to Bella Montana and the creation of the Slack and Grand development that provide attainable housing options for faculty and staff.
One of the biggest, and most recent projects that the team has launched was Phase II of the expansion of the Cal Poly Tech Park.
The project broke ground in May and will expand the Tech Park with the construction of a new two-story building. The addition will include a mix of fully finished space ready for occupancy as well as spaces ready for custom tenant improvements. The expansion will create avenues to increase collaboration between the university and industry and make it easier for park tenants to draw from the expertise of faculty and students.
Next in line, big project-wise, are plans for the new, yet-to-be-named, off-campus office space near the airport.
The corporation is purchasing the former Rosetta Marketing Group building at 4800 Morabito Place across Highway 227 from the airport. The 46,000 square-foot building will help the campus community grow in alignment with the 2035 Master Plan. The university has partnered with Gensler, a global architecture, design, and planning firm, to research the best use of the space.
In mid-August the university will gain occupancy of the facility and tenant approvements will be completed in December, for a January move in.
The biggest project in the queue is the most recent faculty and staff housing development.
In an effort to increase the availability of attainable housing, the real estate team is leading the corporation’s new faculty and staff housing projects such as the current development at the corner of Slack Street and Grand Avenue, and the future creation of a third neighborhood located off Highway 1 near Highland Drive.
Work on the Slack and Grand property is scheduled to break ground late 2023.