Palo Alto Daily News/Peninsula/Bonnie Eslinger, 4/9/13. "San Carlos will sell Wheeler Plaza for $1 to get mixed-use project."
The San Carlos City
Council voted 4-1 Monday night to sell Wheeler Plaza and some
surrounding downtown parcels owned by the city for $1 to a developer who
wants to build homes, restaurants and a parking garage there. |
| City of San Carlos will develop a downtown parcel |
The development along Walnut Street and San Carlos Avenue would feature 108 condominiums in buildings up to five stories high and 9,855 square feet of retail space." Read article.
Reference - City of San Carlos, Departments Wheeler Plaza development concept community meeting May 4,l 2011. "The City of San Carlos has been working with developer Silverstone Communities to explore the potential for redevelopment of the downtown surface parking lot known as Wheeler Plaza. This parking lot is located behind Laurel Street and San Carlos Avenue and it fronts on Walnut Street. Several city owned buildings located along San Carlos Avenue and Laurel Street would also be included in the site area." Note: Downtown photographs are from the City of San Carlos, the area map is from White Oaks blog.
Posted by Kathy Meeh
17 comments:
Land for $1? Would any developer take that risk in Pacifica, even for that same one dollar?
Well, I dunno know but I like the revenue from construction-related fees and permits and the on-going sales tax income and what's not to like about a share of the potential profits? How about we slap a $1 price tag on the OWWTP and see what happens? Ditto for City Hall and the offices on Francisco. I know, we'd be giving away "prime ocean-front real estate". Much smarter to sit on it for another decade and pay a bundle
for some drawings, again. Our prince will come one day.
Pacifica Index has a fascinating list of all the projects "pending" in Pacifica as of April 2013. Can't blame the city for all the delays and non-starters...like the assisted living thing. Thanks, Fogel! And, fingers-crossed for the Holiday Inn Express expansion. They're serious.
Every other city can but Pacifica.
Bankruptcy attorney's on line 1!!!
Suggest you look up the requirements for a Chapter 9 bankruptcy. Not so easy to qualify. And Pacifica doesn't. Not yet, anyway.
@11:26a.m. ha, ha, "Our prince will come one day." Already has, and with our luck, he turned out to be a real frog. Heard he hangs out with his pals at the Sharp Park Golf Course. Perhaps we should hold out for a princess since we've got Sam's Castle unless she's already moved.
You know what they say about frogs...you've got to kiss a lot of them before you find a true prince. So true in Pacifica where the search goes on.
Please Don come back.
Smart people and good decisions in San Carlos.
Beach Blvd. reminds me of the Crossings in San Bruno. They had a program for that site, formerly owned by the navy. They didnt build it all at once. The hotel piece was discussed here before, the City of San Bruno bought it to preserve as a hotel piece. I am hoping that they can subdivide the property into zones, so you can sell the housing piece to a housing builder right away, because I'm not so sure anyone is going to build a boutique hotel or restaurant at the moment at this location. Sell the housing part at market, and deeply discount the restaurant and hotel pieces, to make projects there feasible and attractive to owner / operators.
"Smart people and good decisions in San Carlos."
Don't overestimate the thinking skills in S.C., they have budget problems, have already outsourced the cops, and parking and traffic in the downtown is really bad at peak hours. This project will intensify that condition.
They do have higher real estate values and well-funded schools.
I still like Pacifica better as a place to live.
San Carlos can!
Pacifica can not!
Sounds like San Carlos is dealing with their problems. No sense of that here.
I hear Don is sniffing around the South Bay these days. Who knows, we might get him back after all.
Oh, Don Don Don. We've never stopped loving you. Why did we listen to those others? Let's build a future together.
Please, Don, just give us one more chance.
Don is sniffing around the South Bay because that's where he can make the most money. Things are bubbling nicely there and there are no obstacles to development. Not the case here.
Why do people want Don Eagleston back?
Neither one of the Dons needs Pacifica in their lives.
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