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Developer Looks to Build Apartment Complex on North Main Street

Aligned with the city’s North Main Street Precise Plan, construction on the project could begin this year if approved. The complex would provide 15 percent below market rate housing.

The plot of land at 333 Main Street has sat vacant for years, a “giant hole,” said Todd Regonini of San Mateo-based developer Saris Regis. But if the city approves plans for a 132-unit apartment complex near Main Street and Veterans Boulevard, construction could begin as early as September.

Many local housing organizations and analysts have repeatedly stressed the housing dearth in San Mateo County. The $42 million development adjacent to Redwood Creek would provide units for 15 percent below market rate housing, an affordable option for residents in the area, Regonini told the Chamber of Commerce Tuesday.

The city’s Architectural Review Committee has already reviewed the proposal and it will now go to the planning commission sometime in late July or early August, then the city council will ultimately review it in late August or early September. If construction stays on track, residents could move in as early as 2013.

Because the proposal falls in line with the designated land use according to the North Main Street Precise Plan, the city will not have to write an environmental impact report (EIR.)

Developers said they wanted to build a residence within walking distance to downtown Redwood City and public transit.

Planning Commission board member Nancy Radcliffe said the planning commission particularly liked the potential connection to downtown Redwood City, a mere eight-minute walk.

The close proximity to the creek could also be a chance to connect the waterfront to the downtown.

“The creek is a huge amenity,” Regonini said. “And rather than everything turning its back on it, we want the residents to be able to see it.”

Of the 132 units, 70 would be one bedroom, 59 would be two bedroom units and just a handful would be three bedroom, units that the developers might just give to the city as below-market rate housing, Regonini said. The development would be no more than four stories, following the precise plan.

Because the area is near the creek, the developer has purchased bay flood insurance because the land is in a potential flood zone.

The building itself would strive to be as energy efficient as possible, aiming for a LEED silver designation, using the internationally-recognized green certification system. The development would have high efficiency boilers for water heating, upgraded windows to avoid heat loss, and better insulation.

The developer Saris Regis has been developing sustainable multi-unit residences in the Bay Area for 30 years.

Philippe June 08, 2011 at 02:46 PM
Looking at demographics changes for Redwood City from 2000 to 2006 (seems 2010 is not yet available online) the population shrank by 2%: http://quickfacts.census.gov/qfd/states/06/0660102.html Does it make sense to build more? Is it needed? The development at 888 Woodside Road does not seem to attract many tenants/buyers: the parking lot under that building has pretty much been sitting empty. The next thing I found out about that development is that the city made some units affordable. I don't know how that works but isn't that something supported by tax money? How many foreclosed homes sit empty? Are existing building put to full use? Do we need more units?
horatio June 08, 2011 at 03:31 PM
i totally agree with Phillippe if this goes through require them to use Redwood City business for construction, supplies and printing needs. Horatio
Corrin Trowbridge June 08, 2011 at 04:21 PM
The developement on Woodside is a totally different situation. This development is walking distance to downtown and would provide residences that people could walk to work from. It would add to the vitality of the downtown area and I hope it gets approved!
Jennifer Tegnerud October 20, 2011 at 02:50 PM
Well I guess it would surprise you to know then that the location where the old bowling alley is on El Camino is slotted for a huge apartment complex, same with the old Dodge dealership on Veterans. RWC is projecting that in 30 years we will need this housing because the old Lycos building is all Stanford now. I can say owning a rental unit that many of the Stanford students, researchers etc look to RWC for housing bc Palo Alto and Menlo Park is SOO expensive. HOWEVER, these are successful, educated entraprenuer type yuppies and would they want to live in huge apartment complexes knowing that at minimum 20% is dedicated low income units? Yes the city get's money for low income housing so they will always encourage it. But low income for a single person in San Mateo County is $37,500 which isn't that low. It seems like a lot of building but when you think about it the only new growth in the apt avenue has been Franklin St(mostly low income btw) and that place on woodside. There needs to be growth to get small businesses in RWC going. The foreclosures is a whole different issue, people who want to own a house and people looking to rent an apt for a year while in school or figuring out their life are different segments.
John Baltierra September 24, 2012 at 05:19 AM
By now, the Facebook migration and the Oracle/Redwood Shores expansion is apparent. That changes the character of the housing market. Don't expect much in the way of rentals from Stanford students. The university has made great strides in providing on-campus housing for students, staff, and faculty. Most of the Stanford effect in Redwood City will be staff that work at its North Campus. Neither Stanford students nor staff aren't going to be as picky about affordable housing occupancy; affluence isn't their reason for renting in RC. They know that the Silicon Valley economy has raised the poverty level for a typical family to between 70 and 80 thousand. Redwood City isn't escaping that effect for long as SV rebounds and expands to San Francisco.

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