SAN MATEO, CA—Wood Partners recently broke ground on a $43.7 million apartment community of 111 units set at the north end of Silicon Valley, halfway between San Francisco and San Jose.
The 2.4-acre site at 2090 S. Delaware Street is adjacent to the Caltrain Rail Line, which will give future residents ready access to job centers north and south. Wood Partners, one of the nation's leading multifamily developers, expects the project to be completed and ready for leasing in spring 2014.
“This new project will provide transit-oriented housing to an area that has seen only one new apartment community since the early 2000s,” said Brian Pianca, a development director in the firm's San Francisco office. “There is strong job growth in the area, but a significant lack of new apartments.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
