San Mateo Planning Massive Mixed-Use Development

On the heels of large development announcements and purchases in Redwood City, San Mateo now seems poised to capture the attention of the development world as it unveils a new large development in the middle of the hot Peninsulasubmarket.Philadelphia-based EBL&S Development is planning the development of Station Park Green, a mixed-use apartment, office and retail development in San Mateo located at 1700 and 1790 South Delaware Street.

The large development showcases the opportunity this market has to offer as one of Bay Area’s best connected towns. “I would think that this project will have a total development cost somewhere in the range of $250 million to $300 million,” says Alan Talansky, a vice president of development for EBL&S. He works out of the company’s regional office located in San Mateo at 30 West Poplar Avenue.

The developer is now going through a design review stage but anticipates the project to kick off shortly. “We should be able to start the project sometime during the first quarter of next year,” said Talansky.

This project was first brought up for approval in 2011. It was then put on hold by the developer due to the financial circumstances brought on by the Great Recession. All the while, the developer anticipated a time when the market would recover and allow the development to commence.

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About MNM Partners: MNM Partners is a boutique investment firm that acquires and manages well-located value add properties in the San Francisco Bay area. MNM provides real estate investors through group co-ownership the opportunity to invest in properties that provide stable cash flow and future appreciation in the San Francisco Bay Area. Our ownership structure is suitable for cash, self-directed IRA’s and 1031 exchanges.

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