Gateway at Millbrae Station ā a mixed-use transit village development with housing and retail shops ā has filled more than half its retail leases amidst securing the new SamTrans headquarters for its office spaces, developer Republic Urban Properties said.
New additions to the transit villageās 44,000 square feet of retail space, located where BART and Caltrain connections, will include a Chick-fil-A, Crumbl Cookies and Panda Express, Brian Yi, Republic Urbanās director of investments, said.
Other upcoming retailers in Gateway at Millbrae Station will include BaseCamp Fitness, Liberty Bank, ZERO& ā a beverage brand specializing in boba and tea ā Sourdough & Co. and iCode, a programming academy, Andy Mogensen, Millbraeās Community Development director, said.
New SamTrans headquarters will take over essentially the entirety of Gateway at Millbrae Stationās 150,000-square-foot leasable office space, Millbrae City Manager Tom Williams said.
The area also includes a Residence Inn by Marriott Hotels, which is currently at around 90% occupancy and often garners local visitors.
āItās very complementary to the area, especially those who want to go to the airport, take the BART to the city,ā Yi said.
The transit hub also established 400 new housing units in Millbrae, which are currently around 60% full, Yi said.
While there have been some āhiccupsā with construction malfunction and defects on the residential aspect of the project, developers are moving forward to rectify them, Williams said. The affordable housing element of the residence area is nearly fully leased, he said.
āEverything is going great, [weāre] happy weāre able to shift gears to economic development initiatives,ā Williams said. āWith the production of housing, amount of housing, affordable housing, all of itās really coming together nicely.ā
The upcoming addition of major life sciences and biotech campuses nearby will bring its own economic benefits, while simultaneously supporting the transit hub, Williams said. For example, life sciences developers anticipate around 60% or greater of their employees taking public transit through the Millbrae stations.
For Yi, the prime location of Gateway at Millbrae Station is whatās drawing big-name businesses to the development.
āThatās why Crumbl wants to be there, thatās why Chick-fil-A wants to be there, thatās why SamTrans wants to be there,ā he said.
(4) comments
Why do all the articles about this place sound like they come straight from the developer's PR department? The whole point of these TODs is the theory that if you build offices and apartments next to mass transit people and businesses will flock to them, yet the only office office tenant they could muster was... mass transit! I drive by this thing every day, and there is no way those apartments are 60% full, and so far the only sign of the coming commercial storefronts is a "coming soon" sign for Panda Express, but no inkling of construction. Oh, and months after completion, they still have scaffolding and shrouding over a section of the residential. This has all the signs of a failed development.
I would add to this that the only office tenant taking space in this terrible project is funding by the taxpayers (yes, of course fares pay some, but there huge amounts of tax funds going to this agency every day). So, more subsidy from our pockets. Not the success the article implies. To be successful, the project must attract retail users (not funded by us), and it seems that did not happen. This project should never have been built.
Did we read the same article? These are all private companies moving in...
Chick-fil-A
Crumbl Cookies
Panda Express
BaseCamp Fitness
Liberty Bank
ZERO
Sourdough & Co.
iCode
Residence Inn
I (sortof) see your point with Samtrans but those are good jobs in our community.
I'm pretty sure the developer sprung some cash for our rec center and the hotel is producing revenue.
How are we subsidizing the project?
IMO...it's better than an empty parking lot.
Sure, there are some retail tenants moving in, and that is great, but the one of the largest pieces of this project - the entire office building, will be occupied by a transit agency the taxpayers heavily subsidize. So, in short, the taxpayers are paying the rent for a huge part of this project. That hardly makes this a commercial success, as the this "PR" piece touts (as mentioned by the first author, to whom I was responding). I would take issue with the notion that the employees of SamTrans are shoppers in the typical sense of the word. I suspect many will commute (likely for free or a very reduced price), go to work and leave without ever entering the town proper - which this project is not. So, you are right, there are some benefits of this ugly project, but the net result is that money is coming out of my pocket and into the developer's pocket - and I object. The push behind this project when proposed was not for a government agency to take the office space. It was a pipedream of retail tenants and a full residential building (which it is not). As far as the developer putting money in the rec center - that is another project that was so stuffed with pork, the few pennies they were forced to "donate" lined union pockets. Not a good way to produce economic gains in my humble opinion. The city took on huge debts to build that thing that it can ill afford.
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