Fully entitled Apartment Building site in Downtown San Mateo.

MAGNOLIA PLACE IS A FULLY ENTITLED, READY TO BREAK GROUND CLASS A APARTMENT-CONDOMINIUM PROJECT DESIGNED ESPECIALLY FOR THE LONG TERM REAL ESTATE HOLDER. MAGNOLIA PLACE COMBINES SPECTACULAR ARCHITECTURAL DETAILING, DRAMATIC INTERIOR DESIGN WITH STATE OF THE ART CONSTRUCTION STANDARDS, CUTTING EDGE COST SAVING EFFICIENCY, DURABILITY, AND SUSTAINABILITY. EACH UNIT AT MAGNOLIA PLACE HAS BEEN DESIGNED FOR MAXIMUM SPACE, LIGHT, SPECTACULAR DESIGN, AND LUXURIOUS APPOINTMENTS, OFFERING AFFLUENT TENANTS THE ULTIMATE IN ELEGANT URBAN LIVING.

this .77 acre site is fully entitled for 52 luxury Apartment Units. There are 48 market rate units, and 4 below market rate units with a total of 62,500 square feet of net rentable square footage. Units range from 883-1929 square feet and include 27 one bedroom, 1 bath units, 7 two bedroom, 1 bath units, 1 two bedroom, 2 bath unit, 1 three bedroom 2 bath unit, and 16 townhouses with 2 bedrooms, 2 baths and an office. All units have 9 foot ceilings, balconies, and are designed to maximize air and light. Designed with energy conservation as a priority, The Building is LEED PLATINUM Certified. The Elegant Architecture is intended to blend with the original homes of the historic neighborhood. Without a doubt, Magnolia Place will be a landmark building when completed, a compliment to the architectural heritage of San Mateo and the San Francisco Peninsula.

Construction and entitlement documents are complete, and a permit is ready to be pulled.

This is an exceptional location for luxury rentals. Within walking distance are the restaurants and shops of downtown San Mateo, the Cal Trans station, Central Park, Library, and Multiplex Cinema. Within an easy commute are Silicon Valley, the Health Science industry, and San Francisco. San Mateo in noted for its great climate, picturesque neighborhoods, and small town appeal. Only 20 miles from the cosmopolitan City of San Francisco, San Mateo possesses a charming, peaceful ambience, exceptional public and private schools. several parks offer playing fields, Tennis, recreation, and picnicking. Cultural activities include, Broadway by the Bay and the Hillbarn repertory theatres.

There is an existing 19 unit apartment house, a single family house and a duplex.

Cutting edge design by John Lucchesi and Jack Matthews of John Matthews Architects. John Matthews Architects is a leading architectural firm located in San Mateo, California. They are a design oriented full service architectural firm, established in 1986 by principal Jack Matthews AIA. John Matthews Architects is a leader in LEED designated projects as with Magnolia Place, design projects by John Matthews use the latest in technology to produce structures of the highest quality and sustainability possible. Managing architect for Magnolia Place John Lucchesi