Plans have been approved for the six-story apartment complex at 11 El Camino Real in San Carlos, San Mateo County. The proposal aims to replace a CVS Pharmacy and surface parking with 242 apartments. Palo Alto-based Summerhill is the project developer.
Construction has started with excavation work well underway for a new six-story life sciences complex at 405 Industrial Road in San Carlos, San Mateo County. The project, now named Portal 405, is one of several life science projects rising along Industrial Road, contributing to a new life sciences hub in the San Francisco Peninsula market. Menlo Equities and Beacon Capital Partners are joint venture partners for the project.
The City of San Carlos has approved plans for 642 Quarry Road in San Carlos, San Mateo County. The application would be the second life sciences project by the project developer, Presidio Bay Ventures, including two office buildings and a garage. Presidio purchased the property in 2022 for $34 million.
A new housing project has been approved for construction at 1244 Cherry Street in San Carlos. The project proposal includes the development of a five-story apartment complex offering affordable homes for rent. The onsite office structure and the remaining housing units will be demolished. Nonprofits HIP Housing and Eden Housing have teamed to form Cherry Street Commons as the project developers.
The City of San Carlos has approved plans for a three-story R&D building at 888 Bransten Road in San Carlos, San Mateo County. The decision comes after the Environmental Impact Report concluded that construction would not have a significant effect on the environment. The property was sold in late 2021 from Black Mountain Properties to Alexandria Real Estate Properties.
