Construction is wrapping up for the latest life science development at 1091 Industrial Road in San Carlos, San Mateo County. The project is part of a new hub for the biotech and medical research market on the Peninsula. Premia Capital and Prince Street Partners were jointly responsible for the development before selling it to the Florida State Board of Administration in 2021 for $177 million.
The City of Santa Clara has approved plans for a new flat-iron apartment complex to rise at 2655 The Alameda. The low-rise project will rise over the southern edge of the Santa Clara University campus. Kapital Partners is the project applicant.
Acclaim Companies has filed an alternative application for what is now a builder’s remedy-assisted plan to develop 3150 El Camino Real in Palo Alto, Santa Clara County. The seven-story project, initially filed this June, aims to build 380 new homes on the 2.55-acre site. Communications with the city’s planning department show the developer is filing the second application in response to the department’s signal of disapproval for the increased housing.
While Related has topped out for the 23-story apartment tower at 2300 Calle De Luna, work is moving forward on several other mid-rise projects in Santa Clara’s Tasman East Specific Plan. The six structures will rise between six to eight floors high, creating over a thousand and five hundred units, shops, and new open space.
New renderings have been published for the seven-story mixed-use project at 3150 El Camino Real in Palo Alto, Santa Clara County. The filing will reshape the 2.5-acre property with 380 homes, including some affordable units, across from the city’s tallest buildings in Palo Alto Square. Acclaim Companies is the project owner.
