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'201 Marshall' Will Feature 116 Apartments Designed for Commuters

The firm building the new housing development says the new homes will be perfect for those who work in San Jose and San Francisco and want to commute by Caltrain.

The City of Redwood City hopes the modern new apartment community currently being constructed downtown will help achieve the City's goal of downtown becoming a new "higher-density, pedestrian-centric" one that will help attract more young, creative people to Redwood City.

"201 Marshall" is a 116-unit, seven-story, multi-family community being built next to the Caltrain station in the heart of Redwood City's rapidly-expanding downtown.

Raintree Partners is the real estate investment and development company building 201 Marshall. The firm is based in Laguna Niguel, Calif.

201 Marshall is the first large project approved under Redwood City’s Downtown Precise Plan.  The Downtown Precise Plan has a stated goal "to restore downtown as the indispensable hub of the City, with a mix of diverse services, conveniences, experiences and lifestyle choices." The plan was designed "to create a true downtown, including ample public transportation, housing, retail and office space." 

In a statement issued recently, Jeff Allen, CEO of Raintree Partners, said this development will add to Raintree’s existing portfolio of 16 multi-family communities in California, consisting of more than 2,400 units.

"Redwood City is the perfect location for a new development, as the downtown area is undergoing a serious transformation into a vibrant, mixed-use environment," Allen explained. 

"The city’s proximity to San Francisco and San Jose makes it a desirable location for young professionals who are commuting to these markets for employment, as well as for those wishing to live in an area with shopping, night life, transportation, and expanding employment opportunities, all within walking distance," Allen added.

Jason Check, Raintree’s director of development, noted, “When we decided to build this project, one of the first things we did was to contact Zipcar, a car sharing company, to encourage the company to expand into Redwood City, which it did earlier this year across the street from our property."

"Our residents will now be able to walk to Zipcars, to Caltrain, and to employment, groceries, shopping, restaurants and night life," Check explained. 

According to Check, Redwood City’s Downtown Precise Plan enabled Raintree Partners to quickly entitle the site.

"We were able to complete our entitlement effort with the City and start construction in little more than one year," Check added.  

"The Downtown Precise Plan is a very innovative plan, and one that should serve as a model to other cities seeking to create community-supported change at a more rapid pace when the market supports new development," explained Check.

Raintree Partners acquired the property at 201 Marshall Street directly from the seller in February of 2012 in an off-market transaction after it had completed the entitlement for the project.

Construction is now underway on the apartment community, which is scheduled to open in the spring of 2014.

201 Marshall will contain studios, and one- and two-bedroom floor plans. The community was designed by TCA Architects, and will feature a modern design with open-concept units, as well as loft-style units, Raintree said. 

The community will also feature upscale finishes, a bike repair workshop and bike lockers, a telecommuting center, outdoor communal dining, and an expansive roof deck with an indoor/outdoor lounge area.

Raintree currently has three other Bay Area projects in development, and is actively pursuing additional development opportunities in California.

PATCH WANTS TO KNOW - What do you think of the 201 Marshall development? Tell us in the comments below.

 

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Victor January 04, 2013 at 03:18 PM
Where do I sign up?
Becky January 04, 2013 at 04:43 PM
Can anyone sign up for the apartamets or is it for commuters only?
Jennifer van der Kleut (Editor) January 04, 2013 at 05:19 PM
Oh yes, Becky, definitely - the apartments are for anyone, they were just designed with commuters in mind since they're so close to Caltrain. But all are welcome from what we were told!
Jennifer van der Kleut (Editor) January 04, 2013 at 05:19 PM
Victor, I don't think they've started sign-ups yet, but we will ask and report back!
Jennifer van der Kleut (Editor) January 04, 2013 at 07:02 PM
Those interested in finding out more or being added to a wait list for the apartments when they open can contact Annette Thurman at Raintree Partners, here is her contact info: 925.746.0707 / athurman@allresco.com
COH January 04, 2013 at 07:40 PM
I wonder if the new apartment complex at the old Mel's Bowl site will have a shuttle to the train station? They should if they were smart! (Even though it is within biking distance). By the way - is Redwood City going to do anything about the increase to Woodside road when that is built?? It can take 20 minutes to get from El Camino / Middlefield to 101 as it is now!
Victor January 04, 2013 at 10:09 PM
Email sent. Thanks.
Will Johnson November 15, 2013 at 07:31 PM
Please specify if these are *rentals* or *condos*
Jennifer van der Kleut (Editor) November 15, 2013 at 08:20 PM
Will Johnson - rentals.
jennifer madrigal April 04, 2014 at 02:31 PM
does anyone know where I can sign up? or is it to late?

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