Preliminary permits have been filed for a residential complex at 3350 West Bayshore Road in Palo Alto, Santa Clara County. The project will replace an existing R&D Building with an eight-story apartment complex and 25 townhomes. Strada Investment Group is responsible for the application as the property owner.
3350 West Bayshore Road site plan, illustration by BDE Architecture and SDG Architects
3350 West Bayshore Road townhouse multiplex, illustration by SDG Architects
The master plan aims to produce 286 dwelling units, including 261 apartments and 25 townhomes. Apartment sizes will vary with 55 studios, 147 one-bedrooms, and 59 two-bedrooms. Full build-out would yield a combined 447,430 square feet across the site, including 380,680 square feet within the 89-foot-tall multifamily complex and 66,750 square feet across four multi-plex structures. Residential amenities will include a fitness center, co-working space, and bicycle parking. The fourth-floor podium deck will feature a courtyard deck with a pool and attached lounge.
The developer invokes Senate Bill 330 and the State Density Bonus law to increase residential capacity and streamline the approval process. The project includes 43 affordable housing units for low-income households. This allows the project to apply for zoning waivers and concessions. BDE Architecture and SDG Architects are jointly responsible for the design.
3350 West Bayshore Road, illustration by BDE Architecture
3350 West Bayshore Road site plan, illustration via plan set
Strada purchased the property from Alexandria Real Estate Equities last December for $29 million. Demolition is expected for the roughly 60,000-square-foot life sciences building. During the transaction, the structure was around three-quarters occupied by a couple of companies, including Exai Bio and Clariant Corporation.
The 4.08-acre property is located along Bayshore Road on the western side of US 101. Future residents will find themselves between the freeway and a sprawling residential neighborhood, with the closest retail spaces nearly half an hour away on foot, or seven minutes by bicycle.
The estimated cost and timeline for construction have not yet been shared.
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