Goldman Sachs Asset Management and Lane Partners have announced the completion of a recapitalization for the first phase of Southline in South San Francisco, San Mateo County. Southline is the master plan for 28.5-acre development across from the San Bruno BART Station with 2.8 million square feet of life sciences and offices couched with acres of landscaping and a new public park. Construction has already started for the first of two buildings in phase one.
San Mateo County
Plans have been reviewed for a five-story car-oriented apartment complex at 556 El Camino Real in Burlingame, San Mateo County. The proposal will replace a 14-unit complex with 21 apartments and a 34-car garage. Roman Knop is the property owner.
A new mixed-use project has been approved for construction at 557 East Bayshore Road in Redwood City, San Mateo County. The project proposal includes the development of two five-story buildings offering residential and commercial spaces along with onsite amenities, outdoor spaces, and parking. SyRES Properties is the project developer. BDE Architecture is responsible for the designs.
A new office project has been approved for construction at 777 Airport Boulevard in Burlingame, San Mateo County. The project proposal includes the development of a 13 story office tower. Demolition will be required for the existing five-story Red Roof PLUS hotel and the attached Leann’s cafe. San Francisco-based real estate firm Lincoln Property Company is the project developer. The project is designed by Gensler. Petersen Studio is the landscape architect.
A recent visit by YIMBY shows significant construction progress for the multi-block Elco Yards project at 1601 El Camino Real in Downtown Redwood City, San Mateo County. The move also comes as the project developer, IQHQ, has reportedly purchased several properties adjacent to its existing master plan. Currently, crews are working to create over five hundred residences, offices, retail, a child care center, and open space across 8.3 acres.