Pauls Corp. Planning 92-Unit Condo Project for Downtown Redwood City

RdwdCityCondosPaulsCorp

RdwdCityCondosPaulsCorp

By Nancy Amdur

The Pauls Corp. is proposing to build an eight-story residential-and-retail building at 603 Jefferson Ave. in downtown Redwood City.

The Denver-based developer, working on the project under the name Jefferson Res, LLC, submitted an application to the Peninsula city this month for a 92-unit condominium project with 4,500 square feet of ground-floor retail space and a residential lounge area. Units would include studio, one-, two- and three-bedroom options. Also included would be four levels of parking, three of which would be underground, according to a project description on the city’s Web site.

Additionally outlined in the plan is a landscaped podium courtyard off the second floor in the back of the building. The eighth floor would include a partially enclosed rooftop courtyard featuring amenities such as an outdoor kitchen and a seating area. The approximately 85-foot property would feature a contemporary design. BDE Architecture in San Francisco is working on the project.

Redwood City’s planning department is reviewing the plan, and there is no timeline yet for the project, said Redwood City Associate Planner Seth Adams.

The development would sit on about a half acre at the corner of Jefferson and Bradford Street. The site is close to another Pauls Corp. project under construction at 525 Middlefield Road. That project, expected to be complete in spring 2016, will comprise 469 residential units. Pauls Corp. has two other Redwood City residential projects in the works, comprising a total of 680 units.

The Jefferson development is just the latest in a string of residential projects planned or under way in the Peninsula city, which is located between San Francisco and San Jose and offers convenient access to highways and public transportation, including a Caltrain stop with express service. Redwood City’s Downtown Precise Plan caps residential development in that district at 2,500 units, Adams said. The city is nearing that quota and at one point it was evaluating expanding those limits and reducing the allowable commercial development in return.

Pauls Corp. did not return a call for comment.

West Coast Commercial Real Estate News