Centennial Village, which seeks to transform South San Francisco’s 1965-era shopping center at El Camino Real and South Spruce Avenue into a new mixed-use shopping, housing and office development is set to get the go-ahead from the City Council tonight.
The council will vote on adopting a resolution to make findings and adopting resolutions to certify the mitigated negative declaration and project entitlements for the Centennial Village mixed-use project, according to a staff report.
Centennial Village would be a transit-oriented development consisting of a 220,000-square-foot commercial area, with 42,400 square feet of retail space on the ground floor, 35,300 square feet of office space on the second floor and 284 residential units on the upper floors, all located at the corner of Spruce Road and El Camino Real in South San Francisco on a 14.5 acre site. The ground floor tenant spaces would include a 58,000-square-foot Safeway, 30,000 square feet of commercial retail space, a 36,000-square-foot health club and 21,000 square feet of smaller commercial tenant spaces.
At its Sept. 11 meeting, the council was supportive of the proposed project, but was concerned with the proposed economic triggers contained in the development agreement.
After further discussion with a council subcommittee formed and the applicant, two primary revisions were proposed to the original development agreement. The first is in an effort to develop the residential units during initial project construction, the city would have the right to identify developers, lenders and equity investors which wish to negotiate with the applicant to obtain the right to build out part of all of the residential component. Removing economic feasibility performance triggers would also be another revision.
The council wishes to drop the term that states that if the apartments in the plan have not been constructed within 10 years of the approval of the development agreement, then three triggers are identified to determine if the residential units are “economically feasible.”
The next step in the process if the council votes in favor of the project tonight is for the applicants to complete building plans. As long as the building plans line up with the plans proposed to the Planning Commission and the City Council, then the project will move into the first phase of construction, said Assistant City Manager Marty Van Duyn.
There will also be discussion at the meeting tonight, 6:50 p.m. at Council Chambers, 33 Arroyo Drive in South San Francisco.