San Mateo Hearing to Consider Plans for Expanded Parking Area at Clearview Business Park

Clearview Business Park, Clearview Business Park, Embarcadero Capital Partners, Belmont, Deutsche Asset & Wealth Management, Los Angeles, Lowe Enterprises, GoPro

By Nancy Amdur

The San Mateo Planning Commission will hold a public hearing Tuesday, May 12, to discuss Belmont-based Embarcadero Capital Partners LLC’s plans to add a sixth level of parking to a previously approved parking and office expansion at the Clearview Business Park, located at 3000-3155 Clearview Way.

Clearview-Business-Park-in-San-Mateo-The-Registry-real-estateEmbarcadero Capital and New York-based partner Deutsche Asset & Wealth Management spent about $125.5 million to purchase the 270,000-square-foot park last year from Los Angeles-based Lowe Enterprises with approvals in place for an approximately 100,000-square-foot office expansion and a five-level parking garage. The new owners also are seeking city approval to reconfigure surface parking to add an outdoor amenity plaza with seating and tables. Embarcadero Capital plans to break ground on the expansion in June, said Carol Donnelly, the company’s director of leasing.

Clearview Business Park, which occupies 22 acres on a bluff adjacent to the Highway 92 corridor, is fully leased and tenants include solar power provider SolarCity and wearable camera company GoPro, Inc. The hearing will begin at 7:30 p.m. at City Hall Council Chambers, 330 W. 20th Ave.

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