Nearly 500,000 square feet of office space has been proposed for downtown Redwood City. Developers are flooding RWC with downtown office proposals due to the easy access to Caltrain and the robust and growing downtown area. SRS Vice President Jeff Badstubner states that RWC's new Downtown Precise Plan is also a factor. Developers are attracted to the plan because it "includes guidelines that allow entitlements to be completed within 3-4 months, while more typically it could take a year to gain planning department approvals."
One project in development is Lane Partners, which will include 5,000 square feet of office space in a six-story building. Other projects include a plan by Dostart Development Company to replace 12,830 square feet of older commercial buildings and parking with a 136,500 square foot office building, a 70,000 square foot property by Premia Capital, a 70,000 square foot property by Harmony Capital LLC, and a 61,000 square foot project by Windy Hill Property Ventures.
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One project in development is Lane Partners, which will include 5,000 square feet of office space in a six-story building. Other projects include a plan by Dostart Development Company to replace 12,830 square feet of older commercial buildings and parking with a 136,500 square foot office building, a 70,000 square foot property by Premia Capital, a 70,000 square foot property by Harmony Capital LLC, and a 61,000 square foot project by Windy Hill Property Ventures.
Read the full story here.
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