Council Delays Vote on Major Mixed-Use Project

REDWOOD CITY, CA-The city council this week delayed a vote on Marina Shores Village, a high-density mixed-use development that would include 1,930 housing units, a hotel, two marinas, 150,000-sf of office space and 25,000 sf of retail space on two noncontiguous sites totaling 46 acres along Blair Island Road in the Bayfront area east of Highway 101. The developer is a 50-50 joint venture of publicly traded Glenborough Realty Trust of San Mateo, CA and the Pauls Corp. of Aurora, CO. The residential, office and retail space would be housed in 17 towers rising as high as 240 feet. The development would occur on two sites separated by the Villas at Blair Island, an existing 155-unit apartment complex that includes a 100-slip marina. The project includes an affordable housing component.This week’s hearing on the project was expected to culminate in a vote but the meeting ran long and several questions were left unanswered. The hearing has been continued to June 7, which is when the council now expects to take a final vote. The application was submitted to the city in February 2002 and was unanimously approved by the planning commission last month. The project would be built out over a 10- to 20-year period. Construction is tentatively scheduled for 2005, with the first residents moving in in 2007. A representative for the developer was not available for further comment. Glenborough is also in the planning stages for Eden Shores, a 27-acre project in Hayward, CA that is slated for 600,000-sf of office, according to the company’s website.