With available real estate drying up in Silicon Valley and San Francisco, developers are increasingly looking to the mid-peninsula to house their projects. Redwood City has received a lot of attention in the past couple years for their rapid development, and with huge tech companies like Google and Box set to move in, it seems likely that the city will continue to see considerable growth.
But while Redwood City has been making all the headlines as of late, the city of San Mateo has also been developing quite actively. EBL&S Development is planning a 250-300 million dollar mixed-use project at 1700 S. Delaware Street that will include 599 apartments, 10,000 to 15,000 square feet of commercial space, 25,000 to 30,000 square feet of retail and 2.3 acres of parks. The project was initially approved back in 2011 but due to financial constraints brought on by the recession, it was put on hold.
Additionally, developer Wilson Meany announced earlier this week that they will soon begin construction on a 4 story, 210,000 square foot office building at the old site of the Bay Meadows horse racing track. Located near State Route 92 and Highway 101, it is expected that this office space will attract big name tenants. The building is part of the second phase of a two phase plan to develop the 160 acre site. The first phase included a Whole Foods Market, 19 live-work condos, 55 single-family homes, 98 townhomes, 575 apartments, a Kaiser Permanente medical center, Franklin Templeton headquarters and a SMPD station.
-Demolition of the old Bay Meadows horse racing track
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