Description

Current Entitlement: Introducing a compelling development opportunity at 2700 El Camino Real, offering a vibrant mixed-use project situated for success. The project envisions the transformation of two used car dealership lots and an empty lot into a dynamic space featuring: * 13,500 square feet of ground-floor commercial space: This prime retail area caters to the needs of the surrounding community and leverages the high foot traffic along El Camino Real. * 68 residential condominiums * Three floors of below-grade parking * Proximity to CA-92: Easy access to the highway facilitates convenient commutes and regional connectivity. * Across the street from the future Caltrain station (at 28th) * Surrounded by vibrant shopping and schools Potential in modification to the entitlement: * Increasing in density to156 residential condominiums * 13,900 square feet of ground-floor commercial space * Two or Three floors of below-grade parking. After construction, estimated value will be over $100m. Subject to City of San Mateo's approval