Bespoke downtown affordable housing and office project
San Mateo
Summary
A full block of downtown gets redeveloped with 71 all-affordable apartments (studios through three-bedrooms), a six-story office building, retail, a public plaza, and a permanent senior-services home for Self-Help for the Elderly. The city leases its former Talbot's parking lot into the deal with financial backstops to guarantee the housing gets built.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 28, 2026.
Impact analysis
The project brings roughly $1.2 million a year in new property tax — about a 540% increase over today — plus $10.9 million in direct contributions and impact fees.
Low- and moderate-income families priced out of San Mateo, seniors served by Self-Help for the Elderly, downtown businesses, and the city's tax base.
Union mechanical trades seeking labor agreements and downtown drivers losing a popular surface parking lot.
Mentions & discussions (1)
Related development
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