By Naib Mian
Embarcadero Capital Partners and Deutsche Asset & Wealth Management, development managers, property managers and joint owners of Clearview Business Park, broke ground on new development on July 30 as part of an expansion of the 22-acre campus in San Mateo.
The 111,000 square foot, three-story Class A office building and six-level parking structure, designed by Korth Sunseri Hagey Architects and being built to LEED Silver standards by Build Group, is set to open in September 2016.
“We are pleased to be delivering a LEED Silver designed project into a strong market with limited options for 100,000 square feet of contiguous Class A office space,” said Todd Henderson, head of real estate, Americas for Deutsche Asset and Wealth Management in a prepared press release. “The development will be a notable enhancement to our investment in the exceptional campus setting at Clearview Business Park.”
Blake Reinhardt, senior director of projects at Embarcadero, recognized various partners on the project and introduced local leaders in attendance, including Zachary Ross, field representative for Assembly member Kevin Mullin, San Mateo Mayor Maureen Freschet and State Senator Jerry Hill.
“It’s thrilling to see our city thriving,” Freschet said. “San Mateo is becoming a hub for technology companies, and Clearview brings desirable economic stability to our community.” Despite citing concerns of growth, traffic and building, Freschet said the project did a good job of providing adequate parking as well as transportation to Caltrain and BART stations as part of a Transportation Demand Management program.
In addition to free parking and shuttles to nearby transit, the new development will include freeway signage along Highway 92, electric vehicle charging and outdoor amenities.
The new construction adds one more building to five existing ones. Leasing is still unconfirmed, and the tenants of the building will join GoPro and SolarCity in occupying the Clearview campus.
Photo by Fil Morales