Kilroy Realty plans major office development in Mission Bay

Maybe it is the attraction of having the Golden State Warriors as a future neighbor, but commercial real estate in Mission Bay is suddenly as hot asStephen Curry on a shooting streak.

Kilroy Realty Corp., which is already building new homes South of Market for Salesforce.com and Dropbox, has shelled out $95 million for a 3.1-acre site in Mission Bay, the 300-acre, burgeoning biotech, medical and tech-centric neighborhood springing up on former Union Pacific rail yards south of AT&T Park.

The project is the largest remaining commercial development opportunity in the neighborhood and will allow Kilroy to build a 680,000-square-foot campus. The entire project, including the land purchase, will cost $450 million.

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