San Mateo County News & Developments

[Animo]

San Mateo County ( /ˌsæn məˈteɪoʊ/ san mə-tay-oh; Spanish for "Saint Matthew") is a county located in the San Francisco Bay Area of the U.S. state of California. It covers most of the San Francisco Peninsula just south of San Francisco, and north of Santa Clara County. San Francisco International Airport is located at the northern end of the county, and Silicon Valley begins at the southern end. As of 2010 the population was 718,451. The county seat is Redwood City. It is among the 20 most affluent counties in the United States, in terms of personal, per capita and household income. It is strongly Democratic and ethnically diverse. The county's built-up areas are mostly suburban with some areas being very urban, and are home to several corporate campuses.

[JoshuaSantos]

There are some cranes in foster city just before the San Mateo Bridge. Any clue what these are for?

[tecolote]

Anyone knows if the proyect at the saltworks place in redwood City is getting ready for building up or still at hold?, I really like the development, it will bring more jobs, more transportation, more green áreas, more urbanity, more education etc etc.

[Cal_Escapee]

http://www.rcsaltworks.com/

See the "In the News" section. Apparently there is concern about the area going underwater due to climate change.

[SF1977]

First Homebuilder Buys at Bay Meadows

San Francisco’s Wilson Meany Sullivan has sold its first residential parcel in San Mateo’s Bay Meadows to TRI Pointe Homes. The Irvine-based homebuilder plans to complete its models by the beginning of next year and to begin sales perhaps as soon as September for the 63 town home subdivision in the 83-acre development.

Wilson Meany also is in contract with a second homebuilder for a neighboring site entitled for 93 town homes. That sale is expected to close in the next 30 days. Wilson Meany itself plans to begin construction on a 108-unit apartment complex at Bay Meadows for its own account by the end of this year.

The property sales and vertical development starts mark a significant milestone for the mixed-use community after years in planning followed by the economic plunge of 2008 and 2009. During the downturn, the developer and its San Francisco financial partner Stockbridge Capital Group continued to pour millions of dollars into roads, sidewalks and other infrastructure. That bet now appears to be paying off.

Source and article: http://theregistrysf.com/RTRE_bay_me...e_homes_1.html


Source: www.theregistrysf.com

[SF1977]

Decision to be made about Block 2 in downtown Redwood City this evening:

Hunter/Storm or Lowe Enterprises to develop Block 2 in Redwood City?
Silicon Valley / San Jose Business Journal by Mary Ann Azevedo, Reporter
Date: Monday, May 21, 2012, 2:47pm PDT
Related: Commercial Real Estate, Redwood City

The Redwood City City Council is expected to make a decision on Monday night as to who will redevelop Block 2, a city parking lot on 950 Middlefield Road.
Five developers were interested in the site but the short list came down to Cupertino-based Hunter/Storm LLC and Lowe Enterprises out of Los Angeles. The two developers have submitted final proposals at the end of March and have been eagerly waiting to hear who will be tapped to develop the 2.3-acre plot.
Hunter/Storm’s proposal involves a $100 million project that will be mainly office on the lot that is adjacent to the Redwood City Caltrain station. Ed Storm, chairman of Hunter Properties – the umbrella company of Hunter/Storm – said his firm’s proposal is to build a pair of multi-story office buildings totaling about 261,000 square feet. The developer also is proposing a 120-room hotel to be constructed in conjunction with Palo Alto-based BPR Properties.
Meanwhile, Lowe Enterprises is proposing 262,000 square feet of office, 145,0000 square feet of apartments and a 140-room hotel. It has tapped Redwood City’s DES Architects to design the project and would work with DPR Construction (also of Redwood City) to build it out if it is tapped to develop it...

Source and article: http://www.bizjournals.com/sanjose/n....html?page=all

A breakdown of both projects can be seen here.

[Cal_Escapee]

Nueva to build $70M high school at Bay Meadows
Premium content from San Francisco Business Times by Ron Leuty, Reporter
Date: Friday, August 3, 2012, 3:00am PDT
San Francisco Business Times

The Nueva School, the high-end private school catering to children of the Silicon Valley technorati, wants to build a $70 million high-school campus on the site of the former Bay Meadows horse race track.

Once built, the school would round out the remake of Bay Meadows by master developers Stockbridge and Wilson Meany Sullivan. That vision includes retail, homes, parks and office space for tech companies.

The $70 million cost of the school will be covered by a capital campaign and debt, said Terry Lee, associate head of the pre K-8 Hillsborough school. Nueva has not typically carried debt, he said, and the amount of debt will depend on the total pledged. Still, Nueva officials don’t want the full cost covered by gifts . . . .

http://www.bizjournals.com/sanfranci...ol-at-bay.html

Bet your high school didn't cost $70 million.

[JoshuaSantos]

I went to Bellarmine. Their last project consisting of a single building cost $30M alone: http://www.steinberg.us.com/work/bel...umanities-arts

Originally Posted by Cal_Escapee

http://www.bizjournals.com/sanfranci...ol-at-bay.html

Bet your high school didn't cost $70 million.

[Cal_Escapee]

Facebook taps Frank Gehry for large campus addition
San Francisco Business Times by Patrick Hoge, Reporter
Friday, August 24, 2012, 3:09pm PDT

Facebook Inc. unveiled plans Friday for a major campus expansion to house up to 2,800 engineers in Menlo Park that will be designed by the world-renowned architect Frank Gehry.

. . . The company expects to break ground in early 2013 . . . .

Facebook, which relocated its headquarters from Palo Alto to the old Sun Microsystems campus in Menlo Park late last year, will construct a large, one-room building that "somewhat resembles a warehouse," Katigbak wrote.

"Just like we do now, everyone will sit out in the open with desks that can be quickly shuffled around as teams form and break apart around projects," he said. "There will be cafes and lots of micro-kitchens with snacks so that you never have to go hungry. And we’ll fill the building with break-away spaces with couches and whiteboards to make getting away from your desk easy."

On the roof will be a rooftop garden spanning the entire structure. An underground tunnel will connect with the current campus.

http://www.bizjournals.com/sanfranci...&ed=2012-08-24