By Meghan Hall
Palo Alto-based Windy Hill Property Ventures has just submitted a formal project application to the Redwood City Planning Department to redevelop 610 Walnut Street in a 64,000 square foot office building, nearly two and a half years after it secured financing for the property.
The site, which Windy Hill purchased in November of 2015 for $4.75 million, is located near the major intersection of Veterans Boulevard and Main Street, just across from the Kaiser Permanente Redwood City Medical Center Hospital. It is about a mile from the Caltrain Sequoia station and half a mile to Highway 101. As a part of Redwood City’s downtown, 610 Walnut is close to a variety of shops and restaurants, and its proximity to Silicon Valley makes it a suitable site for investors and new tenants.
Windy Hill Property Ventures procured $8.8 million in non-recourse financing for the site in January 2016 with the help of CBRE Capital Markets’ Debt & Structured Finance Team after it bought the building. The loan was used to reposition and re-tenant the existing 2-story, 12,800 square-foot office building.
New plans submitted to Redwood City by Windy Hill would demolish the old building and construct a new six-story, 63,835 square foot office building with 135 parking spaces. Part of the parking will be located on the first sublevel, ground floor and second floor of the building.
Windy Hill Property Ventures hopes the plans conform with the City’s Kaiser Precise Plan, where efforts are being made to establish Redwood City’s downtown as an easily walkable, diverse public gathering space. Part of the plan emphasizes the maintenance and development of people-occupied structures such as offices to strengthen pedestrian connections from the Kaiser campus to downtown.
The building, designed by San Jose-based Architectural Technologies, will include low tint glass in aluminum frames, stone tile, brick veneer and tempered glass guardrails for the balconies on the upper floor. Exterior landscaping will utilize low and medium water-use shrubs, grasses and trees.
When asked about the project’s timeline, Planning Manager for Redwood City’s Community Development Department Steven Turner stated that because the City has just begun reviewing the proposed plans, it could not give a date for the project’s completion.
“Since the project was only recently received, we couldn’t give an accurate timeline for completion of the entitlement review process, building permit review, or construction completion date,” Turner said.
The City will evaluate whether or not the plans are compliant with the General Plan and the Kaiser Precise Plan as it moves forward. Turner anticipates that the Community Development Department’s first meeting with the City’s Architectural Advisory Committee will be scheduled for July 19, 2018.
As of this writing, Mike Field of Windy Hill Property Ventures did not return a request for comment.