The future project will have a range of affordable and market-rate residences along with retail space.
REDWOOD CITY, CA—A mixed-use development in downtown will have the first substantial slate of affordable units to be delivered within the downtown precise plan and quadruple the number of affordable units completed under the plan to date. Located at the intersection of Diller Street and El Camino Real at 1409 El Camino Real, the future project will also encompass a range of market-rate residences and retail space. The development broke ground in July and is slated to open in 2021, according to developer, Greystar.
“This mixed-use community will aid in alleviating the region's housing imbalance and shortage,” Ali Warner, managing director of Greystar, Northern California and Pacific Northwest, tells GlobeSt.com. “This is an important milestone for the Redwood City community.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
