Field House Brings Another Living Option to California’s Most Successful New Urban Village
SAN MATEO, Calif. – May 28, 2013 – Stockbridge and Wilson Meany have announced the groundbreaking of Field House, a 108-unit apartment community coming to Bay Meadows in San Mateo. Designed by BDE Architecture and developed in partnership by Stockbridge and Wilson Meany, the one- to three-bedroom apartment community is the first for-lease residential offering at the highly successful masterplanned urban village.
“Field House continues Bay Meadows’ enlightened response to the Peninsula’s demand for a wide range of housing,” said Janice Thacher, partner at Wilson Meany. “It is Bay Meadows’ first apartment community and provides a perfect complement to the mix of homes, office, parks, Nueva School, retail and community garden within a walkable village. And, of course, the entire community is conveniently served by the adjacent Caltrain commuter rail.”
Opening late 2014, Field House will enjoy access to the expansive Community Park and surrounding green spaces. The neighborhood is designed for discerning professionals, including singles, couples and young families. It offers 91 flats and 17 townhomes, generously sized from one to three bedrooms, all with stylish contemporary layouts, large kitchens and comfortable sitting and dining areas. The many amenities at Field House available only to building residents match Bay Meadows’ actively urban lifestyle: two landscaped courtyards, a large community room, an outdoor spa and a fitness center. Field House will have a beautifully landscaped pool, a clubhouse with entertaining areas, a spacious and fully equipped fitness center, and a park-like landscaped courtyard with barbeque facilities. Each residence will feature secure, below-ground parking and bicycle storage for residents.
Bay Meadows has achieved extraordinary buyer response since its March 16th grand opening. The first three sales releases at Amelia by TRI Pointe Homes and Landsdowne by Shea Homes sold out immediately, making Bay Meadows one of the most successful new communities in California. Bay Meadows is funded by Stockbridge and developed by Wilson Meany.
The Concept – 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.
“Here, motion and aspiration have a long history,” said Wilson Meany Partner Meany. “In its earliest days, Bay Meadows was the site of an airfield. The land then became home to Bay Meadows Racetrack, a place passionate about the pursuit of glory and achievement. Now, the evolution of mobility culminates in this new urban village at the rail station, and continues a legacy of forward thinking, energy and aspiration for those looking for an inspired way of life. It has been our responsibility to create a community in vibrant San Mateo that expresses this inspiration, a place for people to fall in love with, a place to call home.”
Bay Meadows will be a comprehensively sustainable, transportation-centered pedestrian village mid-way between San Francisco and Silicon Valley. In addition to Bay Meadows’ new walkable urbanism and sustainable initiatives, its state-of-the-art construction and design are as energy-efficient as possible – minimizing fossil-fuel consumption, recycling concrete and asphalt, replanting trees, employing advanced storm-water systems and using sustainable materials.
“We are committed to designing a sustainable community, which includes thoughtful planning, distinct architecture and building practices that ensure all buildings are constructed using LEED or Green Point Rated criteria,” said Meany. “Thinking holistically about Bay Meadows and sustainability will create a unique community for people to live and work.”
About Wilson Meany
Wilson Meany is a privately owned real estate investment and development firm focused on urban infill locations in the Western United States. Wilson Meany brings more than 35 years of experience to its mixed-use, residential, retail and office developments, all of which reflect the company’s commitment to integrity, innovation and quality, including San Francisco’s renowned Ferry Building. Founded in 2003, Wilson Meany and its predecessor entities have long been recognized among the most respected and consistently successful investment and development firms in the San Francisco Bay Area. Collectively, Wilson Meany’s partners and professionals have developed over 10 million square feet, including some of the most innovative and distinctive properties in California. For more information visit www.wilsonmeany.com.
Stockbridge is a real estate investment management firm and Registered Investment Advisor founded in 2003. The firm and its affiliated advisor manage both commingled funds and separate accounts primarily on behalf of institutional investors, and also provide strategic advisory services with respect to real estate assets and portfolios. Stockbridge manages investments across the investment risk spectrum, including core, value-added and opportunistic strategies. Stockbridge and its affiliated advisor have approximately $5.5 billion of assets under management (as of December 31, 2012) spanning all major real estate property types throughout the United States. The firm provides a full complement of expertise in acquisitions, dispositions, portfolio & asset management, finance, capital markets and accounting & reporting. Stockbridge is headquartered in San Francisco with offices in Chicago, New York and Atlanta. For more information visit www.SBFund.com.