Bay Meadows To Break Ground on 210,000 Square Foot Office Building

Station 4 – steps from the Caltrain Hillsdale Station – will be tenant-ready within 21 months

San Mateo, CA – As the Bay Area economy booms and companies compete for office space, a new opportunity is about to emerge in the center of the region. Developer Wilson Meany and capital partner Stockbridge announced today that they are breaking ground on Bay Meadows Station 4 at 3050 South Delaware Street, San Mateo, CA 94403. A 210,000 square foot Class A office building designed by HOK Architects, Station 4 is one of five planned office buildings at the 83-acre mixed-use community in San Mateo. Adjacent to the Caltrain Hillsdale stop, Bay Meadows Station is being leased by Newmark Cornish & Carey.

As commercial space in San Francisco and the South Bay dwindles, San Mateo is emerging as a hot spot of economic growth. With its central location, the area is equally accessible to workers from San Francisco, Silicon Valley and the East Bay. Home to creative companies, such as global brands YouTube, Sony, Franklin Templeton and Oracle, as well as to high-value start-ups GoPro and Marketo, San Mateo County is increasingly attractive to businesses looking to draw top talent. Bay Meadows Station is designed to appeal to a 21st century workforce that desires a car-free commute where food, shopping and entertainment options are nearby.

“We’re excited to get shovels in the ground and get building. The right company could see its workers producing, collaborating and innovating here in just 21 months,” said Janice Thacher, partner at Wilson Meany. “This is what workers want and what our region needs – a new urban campus that’s part of the fabric of a walkable, bike-friendly, transit-rich community.”

Bay Meadows’ five state-of-the-art buildings together total 750,000 square feet of Class A office space. Bay Meadows is fully entitled with 100 percent of its infrastructure developed; two residential neighborhoods built and occupied; plus well-utilized parks, playgrounds, ball-grounds and gardens in place.

“We’re thrilled to see Bay Meadows continuing its impressive progress,” said Rosanne Foust, president and CEO of SAMCEDA, the San Mateo County Economic Development Association. “San Mateo County has very little supply of office space over 20,000 square feet. Bay Meadows Station presents a unique opportunity for one of the numerous companies that are expanding in the Bay Area.”

Construction at Bay Meadows Station 4 will be followed by implementation of phase one for the urban village’s retail and entertainment plans. Bay Meadows’ “Social Street” is a Hayes Valley-style pop-up project located in the center of the new community. Complete with such amenities as bocce ball, an outdoor fitness area and a beer garden, “Social Street” will be Bay Meadows’ town square where workers, residents and visitors shop, eat and play.

ABOUT BAY MEADOWS
Life in Motion
Bay Meadows was designed to give homeowners the luxury of pulling into their driveway on Friday evening and not have to drive again for the weekend. Whether they need groceries, want to enjoy a picnic in a gorgeous 12-acre park, plant heirloom tomatoes in the community garden, or hop on a train for a night out in San Francisco, residents can do it all car-free. They are also able to wake Monday morning and walk down the block to catch a train to an office in Silicon Valley, San Francisco or any destination served by Caltrain. Or, they can walk to work at the adjacent LEED-certified office buildings. Bay Meadows truly brings the concept of a “forwardly mobile” lifestyle to the Bay Area.

The Bay Meadows’ plan includes more than 1,100 units of housing, 750,000 square feet of LEED-certified office space and 18 acres of parks. The community’s Delaware Street is envisioned as a social hub, an intersection of work and play that inspires spontaneity and interaction. This urban village represents the new downtown-style and environmentally friendly living that residents and workers increasingly seek. For more information, visit baymeadows.com.

West Coast Commercial Real Estate News