Foster City, CA/Danville, CA — Blake|Griggs Properties, a private real estate investment, development and services company with a $4.5 billion track record and a $750 million current project pipeline, has acquired two retail condominium spaces and a to-be-developed pad site for retail which together comprise the final retail component of Foster Square, a 15-acre mixed-use transformation of central Foster City that includes hundreds of units of housing. Blake|Griggs’ 29,168 square feet of retail opportunity is well underway on leasing efforts for specialty retail, restaurants, coffee shops and entertainment/service uses, providing experiential pedestrian-friendly retail and public plaza space close to the city’s urban park, lagoon and other attractions.
“Our walkable, activated retail spaces at the heart of Foster Square are adding urban amenities to what’s becoming Foster City’s de facto downtown gathering place,” said Ryan McNamara, Project Manager for Danville, CA-based Blake|Griggs. “Foster City has been growing and developing in recent years so that Foster Square is now the last and most exciting piece to be completed in this popular Peninsula community.”
Blake|Griggs’ Foster Square retail includes 28,068 square foot multi-tenant opportunities in two commercial ground-floor condominiums and a standalone 1,100 square-foot pad building. Easily accessible from both Foster City Boulevard and Shell Boulevard and within a short distance of both highways 92 and 101, its trade area includes over 7 million square feet of office space. The first retail openings are anticipated in early 2017. Leasing is by Matt Sweeny and Josh Shumsky of Newmark Cornish & Carey.
Located at Foster City Blvd and Civic Center Drive, the 15-acre Foster Square mixed-use project being master-developed by The New Home Company is becoming the “town center” and community gathering place for Foster City. Its largest component is 55-and-over age-restricted housing including 200 for-sale condominiums, 152 assisted living units, and 65 affordable rental units being built by Lennar Corp., Mid Pen Housing and Atria.
About Blake|Griggs Properties
Danville, CA-based Blake|Griggs Properties, Inc., is a private real estate investment, development and services company with a $4.5 billion track record and a $750 million current pipeline of new development projects. Its strategy is to acquire, develop, lease and manage high-density multifamily residential, mixed-use, and retail projects primarily located in “in-fill” markets along the West Coast, with a primary focus on the San Francisco Bay Area. Led by founders Brad Blake and Brad Griggs, Blake|Griggs is locally-responsive and sensitive to the communities and neighborhoods in which it operates. It studiously avoids formulaic methods, instead taking a hand-crafted, tailored approach to each project. For more information, visit us at www.blakegriggs.com.