STATION - images1.loopnet.com...> New 6-7 story Mixed-Use zoning > Opportunity zone > Candidate for...

19
MIXED-USE DEVELOPMENT SITE Mac Hart (Listing Contact) Call/Text: +1 650 670 7586 Scheduling: calendly.com/mac-hart Email: [email protected] CA License No. 01988510 SILICON VALLEY | CA > ±1.56 acres / ±60,684 square feet > New 6-7 story Mixed-Use zoning > Opportunity zone > Candidate for transit station > ½ mile (10-minute) walk to Stanford FAIR OAKS STATION Northside Avenue Cross Bay Transit Partners Rail Middlefield Road Warrington Avenue Stanford Avenue Hurlingame Avenue MacArthur Avenue NEW MIXED-USE ZONING San Mateo Avenue ±0.86 ACRE ±0.53 ACRE ±0.16 ACRE BRETT WEBER CA License No. 00901454 STEVE DIVNEY CA License No. 01216239 JOHN McLELLAN CA License No. 01869489 Potential Multi-Modal Transit Hub T

Transcript of STATION - images1.loopnet.com...> New 6-7 story Mixed-Use zoning > Opportunity zone > Candidate for...

Page 1: STATION - images1.loopnet.com...> New 6-7 story Mixed-Use zoning > Opportunity zone > Candidate for transit station > ½ mile (10-minute) walk to Stanford FAIR OAKS STATION enue ail

MIXED-USEDEVELOPMENT SITE

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586Scheduling: calendly.com/mac-hartEmail: [email protected] License No. 01988510

SILICON VALLEY | CA

> ±1.56 acres / ±60,684 square feet

> New 6-7 story Mixed-Use zoning

> Opportunity zone

> Candidate for transit station

> ½ mile (10-minute) walk to Stanford

FAIROAKSSTATION

Northside Avenue

Cross Bay Transit Partners Rail

Middlefield Road

War

ringt

on A

venu

e

Stan

ford

Ave

nue

Hurli

ngam

e Av

enueMa

cArth

ur A

venu

e

NEW MIXED-USE ZONING

San Mateo Avenue

±0.86 ACRE ±0.53 ACRE±0.16 ACRE

BRETT WEBERCA License No. 00901454

STEVE DIVNEY CA License No. 01216239

JOHN McLELLANCA License No. 01869489

Potential Multi-ModalTransit HubT

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

2

OFFER INFORMATION

> Properties being sold in "as is" condition

> Sellers open to sale or long-term ground lease

> Sellers accepting unentitled offers only (4-6 months maximum for combined DD and COE)

> No procuring commission offered

> Multiple Sellers are interested in free leaseback. Please inquire with our brokerage team for details on Seller preferences

> Offers accepted on a per parcel basis

> This opportunity is being brought to the market unpriced

Please send offers to:

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2019 All rights reserved.

MAC [email protected]

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

3

FAIROAKS

STATION

OVERVIEWFair Oaks Station

Opportunity Zone

CentralityBetween Palo Alto & Redwood City

New Stanford Campus

New State Housing

Incentives

FacebookTransit Project

New Zoning> ±1.56 acres / ±60,684 square feet

> New 6-7 story Mixed-Use zoning

> Opportunity zone

> Candidate for transit station

> ½ mile (10-minute) walk to Stanford

HIGHLIGHTS

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

4

OVERVIEWFair Oaks Station

HIGH-VALUE MENLO PARK & PALO ALTO REAL ESTATE

DowntownRedwood City

North Fair Oaks

WO

OD

SID

E R

OA

D

5TH

AVEN

UE

EL CAMINO REAL

MIDDLEFIELD ROAD

BAY ROAD

POTENTIAL TRANSIT LINE

Phase 2B of Rezoning

SUBJECT PROPERTIES

POTENTIAL MULTI-MODAL TRANSIT HUB

T

Redwood City

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

5

STEPS FROM STANFORD½ Mile (10-Minute Walk) from New Stanford | Redwood City Campus

> ±35-acre campus

> ±1,600,000 square feet of office

> Home to ±2,700 Stanford employees plus Outpatient Center staff

> Opening in phases as of March 2019

Subject Properties

Outpatient Center

10-Minute Walk

1/2

Mile

Source: Mapbox, OpenStreetMap

STANFORD | REDWOOD CITY

ADDITIONAL RESOURCESredwoodcity.stanford.edu

Project Details - City of Redwood City Planning & Building

Redwood City

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

6

TRANSIT PROJECTCurrent Timeline: Construction by 2022

Dumbarton Rail (potential)

Dumbarton Rail (proposed)

LEGEND

BART

Caltrain

California HSR (planned)

ACE

Capitol Corridor

Other Rail Lines

Note: Preliminary; subject to change.

San Mateo Bridge

Nimitz Fwy

Bayshore Fwy

Dumbarton Brid

ge

CA-84

El Camino Real

CA-82

I-880Junipero Serra Fwy

Mission Blvd

CA-238

I-280

US-101

CA-92

Union City

Fremont-Centerville

Newark

Menlo Park / East Palo Alto

Palo Alto

Redwood City

San Carlos

Belmont

Hillsdale

Atherton

Menlo Park

0 0.5 1 2 mi

N

ADDITIONAL RESOURCESProject Website

Current Project Timeline

News Feed - Dumbarton Corridor

Facebook-Funded Dumbarton Transportation Corridor Study

Press: Facebook Funding Could Drive New Train Connecting Peninsula, East Bay

Press: Facebook Spearheads a New Bay Rail Crossing

San Mateo Bridge

Nimitz Fwy

Bayshore Fwy

Dumbarton Brid

ge

CA-84

El Camino Real

CA-82

I-880

Junipero Serra Fwy

Mission Blvd

CA-238

I-280

US-101

CA-92

Union City

Fremont-Centerville

Newark

Menlo Park / East Palo Alto

Palo Alto

Redwood City

San Carlos

Belmont

Hillsdale

Atherton

Menlo Park

0 0.5 1 2 mi

N

SSubject Properties

Facebook has partnered with SamTrans (San Mateo County Transit Authority) to build

a new transit line along the Dumbarton Rail Corridor

Source: crossbaytransit.com

Per the North Fair Oaks Community Plan, zoning increases significantly "within 1/4 mile of the Potential Multi-Modal Transit Hub". (North Fair Oaks Community Plan, Chapter 2: Land Use, Pages 23, 39.

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

7

MAJOR MID-PENINSULA EMPLOYERSSan Mateo County Unemployment Rate 2.3% (labormarketinfo.edd.ca.gov – February 2019)

PREPARED BY: COLLIERS INTERNATIONAL

Palo Alto

Fremont

Hayward

San Francisco International

Airport

STATIONS ROUTE

South San Francisco

Stanford University

San Francisco

Daly City

Union City

Foster City

Millbrae

Menlo Park

San Mateo Redwood City

Additional Nearby Employers: Adobe Systems, AMD, Agilent, Apple, Cisco Systems, Ebay, Rocketfuel, Genentech, Salesforce, Hewlett Packard, Tesla, Zazzle and Sencha.

> ±1.4 miles to downtown Redwood City

> ±2.9 miles to downtown Menlo Park

> ±4.4 miles to downtown Palo Alto

> ±3.4 miles to Facebook Campus

> 1 mile radius - $91,516

> 3 mile radius - $169,534

> 5 mile radius - $186,156

SUBJECT PROPERTY DISTANCE

AVERAGE HOUSEHOLD INCOME

SUBJECTPROPERTIES

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SILICON VALLEY | CA

FAIROAKSSTATION

OFFERING MEMORANDUM

Colliers International San Francisco Peninsula 203 Redwood Shores Parkway, Suite 125Redwood City, CA 94065

colliers.com/sanfranciscopeninsula

SUBJECT PROPERTIES

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

9

SUBJECT PROPERTIESParcel Assemblage Overview

> ±1.56 acres

> ±60,684 square feet

> 12 parcels

> 9 separate ownerships

SUBJECT PROPERTIES

1

2

3

4

5

6

7 8

109

11

12

Blank Parcel Map

±0.16 ACRE

±0.86 ACRE

±0.53 ACRE

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

10

SUBJECT PROPERTIESParcel Detail

2725 NORTHSIDE AVENUE Street View | Preliminary Title ReportAPN 054-242-130

PROPERTY (SQUARE FEET) ±4,680 SF

PROPERTY (ACRES) ±0.11 Acre

BUILDING (SQUARE FEET) ±1,400 SF Warehouse

OCCUPANCY & ENCUMBRANCES 100% Owner/User

1

2737 NORTHSIDE AVENUE Street View | Preliminary Title ReportAPN 054-242-120

PROPERTY (SQUARE FEET) ±6,067 SF

PROPERTY (ACRES) ±0.14 Acre

BUILDING (SQUARE FEET) ±5,000 SF Warehouse

OCCUPANCY & ENCUMBRANCES 100% Owner/User

2

2747 NORTHSIDE AVENUE Street View | Preliminary Title ReportAPN 054-242-110

PROPERTY (SQUARE FEET) ±4,309 SF

PROPERTY (ACRES) ±0.10 Acre

BUILDING (SQUARE FEET) ±3,670 Warehouse/Office, 2-story

OCCUPANCY & ENCUMBRANCES 100% Owner/User

3

2813 NORTHSIDE AVENUE Street View | Preliminary Title ReportAPN 054-243-040

PROPERTY (SQUARE FEET) ±2,461 SFPROPERTY (ACRES) ±0.06 Acre

BUILDING (SQUARE FEET) ±750 SF Building

OCCUPANCY & ENCUMBRANCES 100% Owner/User (Requires non-traditional transaction. Please inquire before submitting offer.)

4

PARCEL LOCATION

12

3

4

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

11

SUBJECT PROPERTIESParcel Detail

PARCEL LOCATION

2701 MIDDLEFIELD ROAD Street View | Preliminary Title ReportAPN 054-241-220

PROPERTY (SQUARE FEET) ±6,808 SF

PROPERTY (ACRES) ±0.16 Acre

BUILDING (SQUARE FEET) ±2,500 SF Automotive Repair Building

OCCUPANCY & ENCUMBRANCES 100% Tenant occupied, month-to-month tenancy

5

400 WARRINGTON AVENUE Street View | Preliminary Title ReportAPN 054-243-010

PROPERTY (SQUARE FEET) ±9,560 SF

PROPERTY (ACRES) ±0.22 Acre

BUILDING (SQUARE FEET) ±6,200 SF Multiple Warehouse & Retail Buildings

OCCUPANCY & ENCUMBRANCES 50% Owner/User, 50% lease expiration 2022

6

415 WARRINGTON AVENUE Street View | Preliminary Title ReportAPN 054-242-150

PROPERTY (SQUARE FEET) ±10,002 SFPROPERTY (ACRES) ±0.23 Acre

BUILDING (SQUARE FEET) ±964 SF Galvanized Metal Building ±2,200 SF Wood Structure (storage & parking)

OCCUPANCY & ENCUMBRANCES 100% Leased to owner of 2737/2747 Northside Ave. (fellow Seller in this assemblage) until 1/01/20 Tenant has First Right of Refusal

7

451 WARRINGTON AVENUE Street View | Preliminary Title ReportAPN 054-242-080

PROPERTY (SQUARE FEET) ±2,499 SF

PROPERTY (ACRES) ±0.06 Acre

BUILDING (SQUARE FEET) Vacant Land

OCCUPANCY & ENCUMBRANCES 100% Owner/User

8

5

6

7 8

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

12

SUBJECT PROPERTIESParcel Detail

PARCEL LOCATION

438 STANFORD AVENUE Street View | Preliminary Title ReportAPN 054-242-060

PROPERTY (SQUARE FEET) ±5,000 SF

PROPERTY (ACRES) ±0.11 Acre

BUILDING (SQUARE FEET) ±5,000 SF warehouse built on two parcels

OCCUPANCY & ENCUMBRANCES 100% Owner/User Completed Cleanup Case – Closed 01/20/2012

9

438 STANFORD AVENUE Street View | Preliminary Title ReportAPN 054-242-050

PROPERTY (SQUARE FEET) ±2,500 SF

PROPERTY (ACRES) ±0.06 Acre

BUILDING (SQUARE FEET) ±5,000 SF warehouse built on two parcels

OCCUPANCY & ENCUMBRANCES 100% Owner/User Completed Cleanup Case – Closed 01/20/2012

10

2780 SAN MATEO AVENUE Street View | Preliminary Title ReportAPN 054-242-070

PROPERTY (SQUARE FEET) ±2,500 SF

PROPERTY (ACRES) ±0.06 Acre

BUILDING (SQUARE FEET) ±1,300 SF Retail Building

OCCUPANCY & ENCUMBRANCES 100% Owner/User

11

2850 SAN MATEO AVENUE Street View | Preliminary Title ReportAPN 054-243-030

PROPERTY (SQUARE FEET) ±11,106 SF

PROPERTY (ACRES) ±0.25 Acre

BUILDING (SQUARE FEET) ±4,941 SF Sheet Metal Warehouse

OCCUPANCY & ENCUMBRANCES 100% Owner/User, No leases

12

109

11

12

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SILICON VALLEY | CA

FAIROAKSSTATION

OFFERING MEMORANDUM

Colliers International San Francisco Peninsula 203 Redwood Shores Parkway, Suite 125Redwood City, CA 94065

colliers.com/sanfranciscopeninsula

NEW MIXED-USE ZONING

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

14

NEW MIXED-USE ZONINGPlanning Services Manager | San Mateo County

April 2, 2019

I am following up on your inquiry regarding the North Fair Oaks Community Plan, and the status of the rezoning of the lands in the vicinity of Middlefield Road and Edison Way targeted for rezoning in the Community Plan. On November 15, 2011 the San Mateo County Board of Supervisors adopted the North Fair Oaks Community Plan. The County completed environmental analysis of the Plan, in the form of a Final Environmental Impact Report, which was also certified by the Board of Supervisors November 15, 2011.

The North Fair Oaks Community Plan is part of the County General Plan, focused specifically on North Fair Oaks. Based on input from the community, it describes a vision and goals for future development in North Fair Oaks (NFO), with the intent of meeting the expressed needs of NFO residents. The Community Plan identifies certain areas in the neighborhood where changes in land use are desirable, and calls for the preparation of regulations to implement that vision. In addition to regulations around what may be built in specific areas of North Fair Oaks, the Plan includes a broad range of policies related to health, infrastructure, transportation, housing, economic development, and other topics. The pages below provide information on the Community Plan, ongoing implementation actions, and the completed, ongoing, and future phases of rezoning required to implement the Community Plan.

As part of the rezoning process, the County is working with residents and other stakeholders through an outreach process involving community meetings, meetings with the North Fair Oaks Community Council, Planning Commission hearings, and Board of Supervisors hearings, to draft, refine, adopt and implement the revised zoning. The community outreach process for Phase 1 and Phase 2A of the North Fair Oaks Community Plan has already been completed and activated. The Phase 2B rezoning process is underway, and tentatively scheduled for completion at the Board of Supervisors on July 23, 2019.

The attached excerpts from the Land Use portion of the North Fair Oaks Community Plan are part of what the Board of Supervisors has approved, but are not yet finalized and activated. As we conduct the community outreach process for Phase 2B we will make adjustments and alterations as our staff sees necessary. The Phase 2B community outreach process is estimated to be completed and new land use zoning activated by January 2020, subject to change.

Please reach out to me with any questions regarding prospective land use questions for Phase 2B of the North Fair Oaks Community Plan.

Joe LaClairPlanning Services ManagerSan Mateo [email protected](650) 363-1865

COUNTY OF SAN MATEOPLANNING AND BUILDING

ADDITIONAL RESOURCES (click below for more information)

Full North Fair Oaks Community Plan

Final Environmental Impact Report

Inclusionary Housing Policy (20% BMR)

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

15

LEGEND

N O R T H F A I R O A K S C O M M U N I T Y P L A N

BAY

2ND

SPRING

5TH

ALLEY

MAR

SH

PAGE

9TH

8TH

6TH

4TH

7TH

HOOVER

ROLISON

3RD

EDISON

MIDDLEFIELD14

TH

15TH

1ST

18TH

CHAR

TER HAV

EN

17TH

EL CAMINO REAL

10TH

BROADWAY

SELB

Y

OAK

PARK

IRVI

NG

FLYN

N

SCOTT

ENCI

NA

PALM

ER

FAIR

OAK

S

HURLIN

GAME

12TH

BURN

S

16TH

SAN

BENI

TO

WAR

RINGTO

N

BAYSHORE

CENTE

R

WAT

KINS

NORA

JAM

ES

ROSE

LEAHY

HAWTHORNE

PLAC

ITAS

ROBLE

BARR

ON

WILLIAM

HEATHER

LOYOLA

HALSEY

LLOYDEN

CARLOS

11TH

STAN

FORD

BLENHEIM

SHEARER

MAC

ART

HUR

CYPRESS

PACI

FIC

FLORENCE

AMHER

ST

OAKSI

DE

MAN

ZANITA

WILB

URN

HAMPS

HIRE

MARLBOROUGH

OAKWOOD

DEXTE

R

CURTIS

CALVIN

JENNIN

GS

HOLB

ROO

K

WESTMORELAND

SHASTA

ORCHARD

MAGNOLIA

LABU

RNU

M

DEVONSHIRE

ADAM

COLUM

BIA

DODGE

BERK

SHIR

E

UNNAMED

WHEELER

VIRGINIA

JON

ES

LANE

STOCKB

RIDGE

STAMBAUGH

DUMBARTON

WESTSIDE

FOX

MICHAEL

YARN

ALL

REDW

OOD

GLENDALE

WIL

LOW

BELL

EAU

WAY

NE

NOTTIN

GHAM

BUCK

INGHAM

DOUGLAS

PRIO

R

ENCI

NAL

KAYN

YNE

SWEE

NEY

MARK

HAM

CEBALO

LOGAN

RENAT

O

HANCOCK

BURBANK

FLOOD

CATALPA

MT VERNON

MCCORMICK

SEMICIRCULAR

HILTON

NORTHUM

BERL

AND

GRESHAM

BELL

E

SNO

WD

EN

MEADOW

ATHLONENORTHSIDE

RILE

Y

HERI

TAGE

ANNE

TTE

SURR

EY

ARROWHEAD

GREENWOOD

ODESSA

LIGHT

FRIENDLY

DELMAR

DUNNE

11TH

HEATHER

7TH

ALLEY

ALLEY

2ND

DOUGLAS

15TH

HAVEN

16TH

JAMES

ATHL

ONE

BERK

SHIR

E

4TH

PARK

12TH

6TH

BAY

8TH

PAGE

ENCINA

17TH

CHAR

TER

9TH

8TH

5TH

4TH

7TH

10TH

FAIR OAKS

3RD

3RD

FAIR OAKS

18TH

10TH

9TH

GLENDALE

US101

82

Linden Park

AndrewSpinas Park

TaftElementary

School

EncinalElementary School

HolbrookPalmer Park

Hoover Park

Hoover Elementary School

Fair OaksElementary

School

GarfieldElementary

School

Friendship Park

ATHERTON

CommunityPlayground

EverestPublic

High School

Proposed Land Use N O R T H F A I R O A K S C O M M U N I T Y P L A N

0 800 1,600400Feet

Data Source: San Mateo County

Neighborhood Mixed-Use (Medium Density) Commercial / Residential / Public

Multi-Family Residential

Single-Family Residential

Commercial Mixed-Use (Medium-High Density)Commercial / Residential / Public / Institutional / Industrial with approval

Residential

Industrial

Commercial

Institutional

Parks

Industrial Mixed-Use (Medium-High Density)Industrial / Commercial / Public / Institutional/ Residential with approval

Land Uses in Neighboring Cities

Residential

Mixed-Use

Public

Community and Institutional

Parks and Recreation

General Industrial

Industrial

Updated January 2011

North Fair Oaks

Opportunity Area

Rail LineHighway

N O R T H F A I R O A K S | R E Z O N I N G P H A S E S

Park

School or Education Facility

Regional Connector

Primary NeighborhoodConnector

Destination Street

Secondary NeighborhoodConnector

Health Center

Police or Fire Station

School, Library or College

Preschool or Chilcare Center

Existing At-Grade RailroadCrossing

Proposed At-Grade RailroadCrossing

Commercial Corridor

1/4 Mile Radius fromPotential Transit Station

Proposed NeighborhoodConnection

Potential LRT Line

Potential Transit Station

Proposed Primary Gateway

Proposed NeighborhoodActivity Node

T

Opportunity Area

Existing ResidentialNeighborhood

Existing Industrial/Commercial District

0 800 1,600400Feet

N

Neighborhood Mixed-Use(Medium Density) Commercial / Residential / Public

Multi-Family Residential

Single-Family Residential

Commercial Mixed-Use(Medium-High Density)Commercial / Residential / Public / Institutional / Industrial with approval

Residential

Industrial

Commercial

Institutional

Parks

Industrial Mixed-Use(Medium-High Density)Industrial / Commercial / Public / Institutional / Residential with approval

Land Uses in Neighboring Cities

Residential

Mixed-Use

PublicInstitutional

Parks

General IndustrialIndustrial

North Fair Oaks

Parcel

Rail Line

Highway

0 800 1,600400Feet

N

PHASE 1 (2015)

PHASE 2A (2016)

PHASE 2B (2017)

PHASE 3 (2018)

North Fair Oaks

Redwood City

El Camino Real

Middlefield Road

5th

Aven

ue

Source: County of San Mateo Planning Department, North Fair Oaks Community Plan, Land Use Chapter

NEW MIXED-USE ZONINGNorth Fair Oaks Community Plan

T

Phase 2B: Commercial Mixed-Use (Medium-High Density) Office / Residential / Public / Institutional

Subject Properties

Potential Multi-Modal Transit Hub

1/4 Mile Radius from Potential Transit Hub

T

ADDITIONAL RESOURCES (click below for more information)

Full North Fair Oaks Community Plan

Final Environmental Impact Report

Inclusionary Housing Policy (20% BMR)

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

16

NEW MIXED-USE ZONINGWithin 1/4 Mile of Potential Multi-Modal Transit Hub New Zoning to be Approved and Activated by Approximately January 2020

N O R T H F A I R O A K S C O M M U N I T Y P L A N 39

c h a p t e r t W O : L a n D U s e D e s i G n a t i O n s

The maximum height for industrial buildings is 40 feet or 2 stories. Stand-alone multi-family residential has a maximum height of 50 feet or 5 stories. To support higher-density transit-oriented development within a ¼ mile of the potential multi-modal transit station, allowed building heights are up to 70 feet or 6 stories for all allowed uses except for industrial uses, which are limited to 40 feet or 3 stories. The FARs under this land use designation are 1.0 for industrial uses, 1.5 for commercial and institutional uses, and 2.5 for mixed-use development.

As with the Neighborhood Mixed-Use development standards, there is a maximum 10-foot front setback for commercial and institutional buildings and a maximum 15-foot setback for stand-alone residential uses. Any industrial uses allowed in this area must have a minimum 10-foot front setback and a maximum 20-foot front setback. However, if office uses are located within a larger industrial structure, and the office use faces onto the street, the County may waive the front setback for the office portion of the structure, in order to encourage active uses on the street In addition, at the corners of buildings at intersections, setbacks are encouraged from the property line to preserve sightlines for vehicles and provide space for community amenities such as plazas, landmarks (i.e. public art, etc.), and outdoor activities. Side and rear setbacks will be regulated by the County’s building and fire code regulations, except in areas where the

rear of commercial, institutional, or industrial uses are directly adjacent to residential uses, in which case a minimum 20-foot setback is required.

t a b l e 2 . 3 : c o m m e r c i a l M i x e d - U s e ( w i t h i n 1 / 4 m i l e o f p o t e n t i a l M u l t i - M o d a l t r a n s i t h u b )

Residential Commercial2

(Retail/Office3)Institutional Industrial4 Mixed-Use

FAR - 1.5 1.5 1.0 2.5

DU/AC (max)60 min.

120 max. - - -

60 min.120 max.

Building Heights (max)1

70’(approx. 6 stories)

70’ (approx. 6 stories)

70’ (approx. 6 stories)

40’5

(approx. 3 stories)

70’ (approx. 6 stories)

Front Setbacks0’ min.

15’ max.0’ min.

10’ max.0’ min.

10’ max.10’ min.6

20’ max.-7

Stepback at 50’ and aboveat 50’ and

aboveat 50’ and

aboveat 50’ and

aboveat 50’ and

above

Parking

0.75 sp/studio1.0 sp/1-2 BR1.5 sp/ 3+ BR

1 guest sp/ 10 units

 1 sp/1,000 s.f.  1 sp/1,000 s.f.  1 sp/750 s.f.

Residentialsp/ Non-

Residential1sp/1,000 s.f. 

1 These represent the maximum allowed building heights under the Community Plan. Specific zoning amendments may reduce these heights at various locations within North Fair Oaks. Architectural elements (e.g. tower features) may be allowed to exceed height limit with County approval.2 Stand-alone commercial uses are conditionally permitted only, at the County’s discretion.3 Office uses are encouraged as part of mixed-use developments only. Stand-alone office uses are discouraged, and will be conditionally permitted subject to the County’s discretion only.4 Industrial uses only allowed with County approval through a Conditional Use Permit.5 Stand-alone industrial structures limited to 40’ in height.6 Setback requirements for office uses associated with industrial development may be waived.7 Front setback governed by ground floor use.

1 unit 0.75

Source: County of San Mateo Planning Department, North Fair Oaks Community Plan, Land Use Chapter

ADDITIONAL RESOURCES (click below for more information)

Full North Fair Oaks Community Plan

Final Environmental Impact Report

Inclusionary Housing Policy (20% BMR)

Draft Zoning Regulations & Related Documents

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colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

17

Source: County of San Mateo Planning Department, North Fair Oaks Community Plan, Land Use Chapter

NEW MIXED-USE ZONINGNorth Fair Oaks Rezoning | Phase 2B & 3 Timeline

North Fair Oaks Rezoning | Phase 2B & 3 Timeline

Updated 01/24/2019

COMIENZO DEL PROYECTO PREPARAR REGULACIONES DE ZONIFICACIÓN ADOPCIÓN

Participación Pública Continua

Council de la Comunidad

de NFO

Comisión de Planificación

Junta de Supervisores

Reunión Comunitaria

Entrevistas

Reuniones Internas

Council de la Comunidad

de NFO

Reunión Comunitaria para Fase 2B

Reunión Comunitaria para Fase 3

Reuniónes Comunitarias para

las Fases 2B y 3

Phase 3 WorkshopDec 11, 2018

Phase 2B & 3 WorkshopsFeb/March 2019

NFO Community

Council

Planning Commission

Stakeholder InterviewsJune-Aug 2018

Kickoff WorkshopSept 18, 2018

ADOPTIONDRAFT ZONING REGULATIONS

Board of Supervisors

Ongoing Public Outreach

Summer 2019

SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY 2018 2019

PROJECT KICKOFF

Phase 2B

Phase 3

NFO Community

Council Jan 24, 2019

Internal Team Meetings

Phase 2BWorkshopNov 13, 2018

ADDITIONAL RESOURCES (click below for more information)

Full North Fair Oaks Community Plan

Final Environmental Impact Report

Inclusionary Housing Policy (20% BMR)

Updated 01/24/2019

Page 18: STATION - images1.loopnet.com...> New 6-7 story Mixed-Use zoning > Opportunity zone > Candidate for transit station > ½ mile (10-minute) walk to Stanford FAIR OAKS STATION enue ail

colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

18

NEW MIXED-USE ZONINGDevelopment Standards

Clarity On FAR, DU/AC, and State and Local Housing Laws

Step 1: Residential development in this jurisdiction (County of San Mateo) is subject to 20% below market rate (BMR) housing.

Source: Inclusionary Housing Policy (20% BMR)

Step 2: Meeting the County of San Mateo’s 20% BMR ordinance automatically qualifies projects for the state density bonus (allows you to ask for waivers from development standards).

Relevant Case Law: California Court of Appeal Rejects Significant Challenge to State’s Density Bonus Law

Step 3: Development standards eligible for density bonus waiver request include items such as FAR, DU/AC, and height outlined in the “Land Use” Chapter of the North Fair Oaks Community Plan for Phase 2B. Qualifying for the state density bonus also allows you to separately pursue relief on providing parking.

ADDITIONAL RESOURCES (click below for more information)

Full North Fair Oaks Community Plan

Final Environmental Impact Report

Inclusionary Housing Policy (20% BMR)

Page 19: STATION - images1.loopnet.com...> New 6-7 story Mixed-Use zoning > Opportunity zone > Candidate for transit station > ½ mile (10-minute) walk to Stanford FAIR OAKS STATION enue ail

colliers.com/sanfranciscopeninsulaOFFERING MEMORANDUM | Fair Oaks Station

SILICON VALLEY | CA

FAIROAKSSTATION

Mac Hart (Listing Contact)Call/Text: +1 650 670 7586

Scheduling: calendly.com/mac-hartEmail: [email protected]

CA License No. 01988510

19

SUBJECT PROPERTIES ARE IN A QUALIFIED OPPORTUNITY ZONE

Qualified Opportunity Zone (QOZ)

Tract #: 06081610500

New Markets Tax Credit (NMTC) Qualified