Orig Post news.theregistrysf.com | Re-Post MNM Partners, LLC. 3/2/2016
Palo Alto-based Essex Property Trust is seeking approval from the City of San Mateo to construct a five-story, 80-unit apartment building in downtown San Mateo. Though in the beginning stages of approval, the proposal brought minor concerns from San Mateo residents and the city, but the development’s future looks promising.
Essex submitted a formal pre-approval proposal for review by the city planning division in October 2013. The city replied with suggested changes to the proposal based off of city regulations and community concerns.
The initial pre-application proposal outlined a seven-story building with 117 units but after a consensus reached by local residents, the city, and Essex, the building has been reduced to five stories with 80 units.
Currently the space is a surface parking lot located at San Mateo Drive and Fifth Avenue. The proposal aims to fill that space with a mixture of residential housing on the top three floors, retail on the first and second, and a basement floor for tenant parking. The number of square feet is yet to be determined.