SAN MATEO, Calif.--(BUSINESS WIRE)--Leaders with Bay Meadows (http://baymeadows.com/), California’s largest transit-oriented development project under construction, recognized a pivotal point in the new project’s progress today with the commemoration of numerous milestones. Executives from Stockbridge Capital Group and developer Wilson Meany broke ground on the new village’s town square-- its commercial and social heart. Today also marked the construction completion of Bay Meadows’ parks; an occasion marked by a dedication of the final park, Landing Green to the City of San Mateo. Civic officials joined in to celebrate the installation of “San Mateo Bridge,” a sculpture by internationally renowned sculptor and San Mateo native, Chuck Ginnever.
The pioneering transit-oriented development is well underway with 600 residents in townhomes and apartments, the Nueva School serving high school students, increased ridership at the adjacent Caltrain stop, and visitors regularly utilizing Bay Meadows’ variety of parks. The groundbreaking for Bay Meadows’ town square signifies a shift in focus from townhome and park construction to the new community’s commercial, retail and mixed-use elements.
“It’s rewarding to see how quickly Bay Meadows has become a vibrant neighborhood,” noted Chris Meany, partner with Wilson Meany. “With the addition of state-of-the-art offices, cafes, shops and outdoor social spaces, we’re bringing the vision for a walkable, transit-rich urban village to full fruition.”
The Town Square is a public plaza that will connect Station 4, a 210,00 square-foot office building, and The Russell and Rendezvous, two mixed-use apartment buildings providing 10,000 square feet of ground-floor retail, all of which are located within a block of the Hillsdale Caltrain Station. Earlier in the year, Bay Meadows began construction on Station 4, the first of its five office buildings, which is available for lease and will be completed in June 2016.
San Mateo Mayor Maureen Freschet and Deputy Mayor Jack Matthews presented a proclamation declaring May 14th “Chuck Ginnever Day” in honor of the San Mateo native and internationally recognized artist whose sculpture “San Mateo Bridge” is now permanently installed in Bay Meadows’ Landing Green Park.
Bay Meadows Fast Facts:
- The 83-acre project will ultimately contain approximately 1,066 units of housing; 780,000 square feet of LEED-certified office space; and 41,000 square feet of retail along with 18 acres of open space.
The community’s four parks comprise nearly 20% of the development.
- Bay Meadows Park – 12-acres of open space, including ball fields, picnic areas and a pond.
- Landing Green – a three-block long linear park featuring Chuck Ginnever’s “San Mateo Bridge” sculpture, elegant pathways, a bocce ball court, and benches for contemplation.
- Paddock Park – featuring a popular playground and basketball court.
- Persimmon Park – 99-bed community garden for Bay Meadows residents, featuring public art by Evan Shively.
- Station 4 is a 210,000 square-foot office building - one of Bay Meadows’ five planned office buildings - and is currently under construction. Station 4 is available for lease now and will be ready for occupancy in June 2016.
- Housing at Bay Meadows includes townhomes, condominiums, apartment buildings and a small number of single-family homes.
- Three townhome communities by Tri Pointe and Shea Homes have sold-out already and a fourth is anticipated to be sold out by mid-summer.
- Field House, luxury rental building, started leasing in January and is now over 90% leased.
- The housing neighborhoods currently under construction include Brightside and Meadow Walk by Shea Homes, The Russell and Rendezvous, and collectively contain 154 townhomes and 228 apartments.
ABOUT BAY MEADOWS
For more information, visit baymeadows.com.
About Wilson Meany
For more information visit www.wilsonmeany.com.
About Stockbridge Capital
For more information visit www.SBFund.com.