Source: bizjournals.com | Re-Post MNM Partners, LLC 1/30/2017 –
A 350-unit, eight-story transit-oriented project in downtown Redwood City – one the largest residential development proposed since the city’s adoption of its Downtown Precise Plan – has been approved by the city’s Planning Commission.
Along with its residential space, the building consists of 1,400 square feet of retail and a three-level underground parking garage.
The housing development at 1409 El Camino Real replaces a retail store, a veterinary clinic, an auto body shop and office space and is a half-mile from the city’s Caltrain station. The project is being designed by Oakland-based architecture firm Studio T Square.
Charleston, S.C.-based developer Greystar has made a concerted push into downtown Redwood City, spurred in large part by the Downtown Precise Plan, originally adopted back in 2011, which allows for the introduction of 2,500 new residential units in the area. There are 521 market-rate residential units still remaining under the plan’s maximum allowable development caps, with 491 units proposed.