7-Story Residential Project Approved Just Outside Downtown RWC

An artistic rendering shows a seven-story, 125-unit residential development at 353 Main Street near downtown that was approved by the Redwood City Planning Commission on March 6, 2018. (City of Redwood City)

An artistic rendering shows a seven-story, 125-unit residential development at 353 Main Street near downtown that was approved by the Redwood City Planning Commission on March 6, 2018. (City of Redwood City)

The Redwood City Planning Commission on Tuesday approved a 7-story, 125 unit housing project just outside of downtown Redwood City at 353 Main Street.  The project will stretch 2 stories higher than the adjacent Township Luxury Apartments, and will take the place of an existing 1-story office strip.

353 Main will include 19 units of below market rate housing, fulfilling the city’s 15% requirement for new residential development.   Also, since the project will offer 7 units to families earning less than half the area income ($60,000/year for a family of 4), it will qualify for a state density bonus allowing the building to increase its size to 143 total units.  Those 7 units are expected to rent for $888/month.

All of the below market rate housing will be retained as such for 55 years after occupancy

Commissioners requested the Developer, ROEM Development, make 20% of the units BMR and maintain the housing protections for 99 years, but they did not mandate it.  As such, the those conditions will not likely be met.

More information available at the city website: 353 Main Street

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