(To read more on the multifamily market, click here.)

MILLBRAE, CA-A four-story, 109-unit condominium development will rise where a bowling alley once stood on El Camino Real near Downtown Millbrae. Site work began at 1355 Broadway in May 2006 and completion is slated for spring 2008.

The Park Broadway will have 96 one-, two- and three-bedroom units on the top three floors, 13 live-work loft spaces on the ground level and two levels of underground parking. Ranging from 704 sf to 1,970 sf, the units will wrap around an inner courtyard. Amenities include a lap pool and a fitness center.

The developer is Northern California division of Silverstone Communities, a luxury urban infill specialist. Division president John McMorrow tells GlobeSt.com the total development cost is about $60 million.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.