Development plans are moving forward for Sequoia Station, a six-structure mixed-use proposal to reshape the downtown of San Mateo County’s third-largest city. The Los Angeles-based private real estate company, Lowe, has spent $73 million acquiring the second half of the block around 1057 El Camino Real in Redwood City. The firm looks to construct three million square feet of housing and offices, parking, and public open space.
The Environmental Impact Report has been published for a proposed research and development office in Foster City, San Mateo County. Located at 388 Vintage Park, construction will replace a single-story structure and surface parking with 120,000 square feet of office space. The application, called TheLab Foster City, is led by a joint venture between SteelWave and Helios Real Estate Partners.
Plans are under review for a five-story mixed-use project at 435 East 3rd Street in Downtown San Mateo, San Mateo County. Windy Hill Property Ventures is responsible for the development as the property owner. The development will create office space and five new homes as part of the developer’s extensive plans east of the San Mateo train tracks.
Construction is wrapping up for the third of five phases on Gateway of Pacific in South San Francisco, San Mateo County. The project aims to complete with 2.2 million square feet in a laboratory and office campus across 31.5 acres of the city’s office-dominated East Side neighborhood. BioMed Realty, a Blackstone portfolio company, is responsible for the development.
New renderings have been revealed for the proposed life sciences campus in Millbrae, San Mateo County. The project will add over half a million square feet with space for over two thousand employees, across from the mixed-use Gateway at Millbrae Station development. Greystar is partnering with Alexandria Real Estate Equities, a major investor in biotech projects across the nation.
