The Nueva School Closes Escrow on New Campus at Bay Meadows

SAN MATEO, Calif. – January 31, 2012 – The Nueva School announced today that it formally has acquired land and will begin construction this spring for its new high school at Bay Meadows in San Mateo.

Nueva School rendering The Registry San Mateo real estateThe Nueva School, a nationally recognized independent school, recently closed escrow on 2.76 acres at Bay Meadows, California’s largest Transit Oriented Development (TOD). The Nueva School is launching a new high school to complement its existing preK-8th grade campus in Hillsborough.

The school received Site Plan and Architectural Review (SPAR) approval from the City of San Mateo Planning Commission on December 11, 2012. Designed by architectural firm Leddy Maytum Stacy Architects, the high school will be adjacent to the new 12-acre public park on the northern side of the Bay Meadows development. The Nueva School expects to open the Bay Meadows campus in fall 2014. The high school will commence operations this fall in temporary facilities at the College of San Mateo.

Bay Meadows, site of a former thoroughbred racetrack, is a joint venture of Stockbridge Capital Group and Wilson Meany. Residential homes are currently under construction. The Bay Meadows Welcome Center is slated to open this spring, with home sales launching shortly thereafter.

“The City of San Mateo prides itself on being one of the Peninsula’s most thriving communities and we welcome both Bay Meadows and the Nueva School as prime examples of the City’s commitment to the future,” said Mayor David Lim. “This is a bright, new edition to the City, and we are thrilled that San Mateo continues to be a leader in access to a diverse education for all kids and community design.”

Ideally located on one of the most transportation-accessible sites on the Peninsula, Bay Meadows is directly adjacent to the Caltrain Hillsdale Station and is served by SamTrans bus service, allowing an opportunity for students, faculty, staff and visitors to take public transportation directly to school.

“Closing escrow has brought us even closer to building Nueva’s new state-of-the-art high school in San Mateo, and our vision is quickly turning into a reality,” said Diane Rosenberg, Executive Director of The Nueva School. “We look forward welcoming our first freshman class to Nueva and creating an exciting and vibrant campus.”

With The Nueva School’s innovative approach to education, opportunities for student interaction with Bay Meadows abound. The Nueva School’s student internship programs will be bolstered by potential collaborations with the future commercial tenants located at Bay Meadows Station, the largest new, LEED Gold, Class A development on the San Francisco Peninsula. In addition, an extraordinary, interpretive landscape will extend from the western edge of the campus into the adjacent park, modeling San Mateo’s diverse ecologies – from redwood forests to bay wetlands – providing abundant opportunities for observation, appreciation, research and stewardship. The school campus will include a variety of outdoor spaces, such as contemplative study areas, inviting activity courts and inspiring and educational gardens, further enhancing daily connections to the design of Bay Meadows and the community of San Mateo.

Bay Meadows: Comprehensive Sustainability

Bay Meadows is a transportation-centered pedestrian village mid-way between San Francisco and Silicon Valley, designed with state-of-the-art buildings redefining a new walkable urbanism. As a TOD, Bay Meadows’ sustainable initiatives will allow residents to dramatically reduce their number of car trips. In addition, construction and design are as energy-efficient as possible by minimizing fossil-fuel consumption, recycling of 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 Chris Meany, of Wilson Meany, Bay Meadows’ Master Developer. “Thinking holistically about Bay Meadows and sustainability will create a unique community for people to live and work.”

Enhancing the overall green environment of Bay Meadows are three public parks, totaling 15 acres, a community garden, and various open spaces throughout the property. The completed TOD will include housing, employment opportunities, Main Street retail and recreation. The final development will include 1,116 residential units, up to 1.5 million rentable square feet of office space and approximately 90,000 square feet of retail space. With onsite amenities such as healthcare, childcare, financial services, and dry cleaning, Bay Meadows is designed for how people want to live now.

About Stockbridge
Stockbridge Capital Group, LLC (“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 $5.2 billion of assets under management (as of September 30, 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

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

About The Nueva School
The Nueva School is a nationally recognized independent school serving high ability students and emphasizing integrated studies, creative arts, and social-emotional learning. For more than 45 years, Nueva has remained committed to its original vision: to inspire a passion for lifelong learning, foster social and emotional acuity, and develop a child’s imaginative mind. Nueva provides a dynamic educational model to enable high ability children to learn how to make choices that will benefit the world. Nueva’s new high school, a vision 40 years in the making and the product of more than four years of focused research and development, will be a model program for 21st century learning and innovation. For more information about Nueva and its new high school program, please visit www.nuevaschool.org

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