Office Cap Reached in RWC – Still, Developers Pushing for More

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In downtown Redwood City, a 500,000 square foot cap on office space that was intended to guide development for 20 years was reached in just 6.  Now, a developer is hoping Redwood City Council will raise that cap to allow another new office complex on Main Street.

The Acclaim Companies wants to build a four-story mixed-use building with 78,832 square feet of offices and 6,900 square feet of retail on three contiguous parcels at 847-851 Main, 855-857 Main and 852-860 Walnut St. While buildings will be razed at two parcels, the one at 847-851 Main will only partially be demolished because the city has ruled that some portions of it are a historical resource. The project also includes two levels of underground parking with access along Walnut Street and valet parking for 246 vehicles.

In order for this project to move forward, Redwood City will need to amend the General Plan.  There is a possibility this will happen, as the city is set to release a study on the impact of allowing more than the 500,000 S/F of office space called for in the 2011 Downtown Precise Plan.  Stay tuned…

You can find more information on the project at the city’s website: 851 Main Street

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