Kennedy Wilson has provided a $183 million construction loan for Alexan Icon, a large residential development set to rise at 1587 and 1588 San Mateo Avenue in South San Francisco, San Mateo County. The project is looking to add nearly five hundred units across two seven-story structures. Hanover Company is the project developer.
Construction has wrapped up with retail spaces now occupied at 433 Main Street in Half Moon Bay, San Mateo County. The project has replaced a long-vacant parcel at a highly visible corner lot in the oceanside town with two three-story structures. Anthony Uccelli is the project developer working for property owner Ozella Cardoni.
The developer behind a proposed life-science campus is looking for a ten-year extension for the approved entitlements at 800-890 Dubuque Avenue in South San Francisco, San Mateo County. The request comes amid a fledgling market with record-high vacancies across the region. IQHQ is the project developer.
A new preliminary application has been filed for the construction of a multi-unit building at 155 Jefferson Drive in Menlo Park. The project would involve the demolition and removal of a single story concrete building, and the replacement with a eight story multifamily building. The application relies on Senate Bill 330 to justify the significant densification of the property.
A new application has been filed by Dollinger Properties for a proposed development located at 1601 S De Anza Boulevard in Cupertino. The project would require the demolition of an existing office facility to be replaced by a large-scale townhome development on the 6.35-acre site. The applicant is using the State Density Bonus Law to waive several items and expedite the project.
