After a slew of delays, the long-vacant lot along El Camino Real and Spruce Avenue is restarting construction efforts for the sprawling 68,000-square-foot Safeway and retail center.
Planning and development of the area has not followed a linear path. After securing approval from the City Council in 2016, the Steelwave developer team, along with the city, hosted a groundbreaking ceremony in September 2022.
But the institutional lending landscape that developers rely on became increasingly strained over the last year and half, with several cities throughout the county facing a similar dilemma. While multiunit residential projects are typically harder to finance than commercial buildings on account of thinner profit margins, the latter still struggles to secure funding. Cities like South San Francisco and San Mateo have seen an increase in developers requests to extend their entitlement expiration dates to buy more time.
The site’s development plans also include a new life science campus and 183 new housing units on adjacent sites in the near future as well.
“This new development will provide residents with long-awaited access to essential groceries and services, fostering convenience and supporting our community’s needs,” Mayor James Coleman said in a press release.
Construction is estimated to take approximately 18 to 20 months.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Murder for Two Read moreMurder For Two
Much Ado About Nothing: A Modern Verse Translation, tells the timeless and hilarious story o… Read moreMills High School Much Ado About Nothing: A Modern Translation
Dirk van Ulden said:
Dirk van Ulden said:
HFAB aka Chicken Little.
Dirk van Ulden said:
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.