Megaprojects: Harbor View Office Towers Could Rise Along Hwy 101 in Redwood City
Location: 340 Blomquist St., Redwood City at Highway 101 and Seaport Boulevard.
Size: 1.4 million square feet on nearly 25 acres.
Cost: Not disclosed, but it was estimated that the land alone cost roughly $35 million
Description: Four nine-story, 330,300 square feet Class A Office towers, LEED Certified Platinum with a 47,250 square foot fitness center and rooftop decks.
Developer: Jay Paul Co.
Architect: DES Architects & Engineers.
Contractor: Level 10 Construction.
Engineer: Level 10 Construction.
Status: In the approval process with Redwood City. Initial occupancy targeted for the third quarter of 2017.
Significance: The location is a rare large parcel fronting Silicon Valley’s most important vehicular artery. It also sits in a submarket that has seen strong tenant demand in recent quarters. Harbor View is unprecedented in size and scope in the Silicon Valley and Mid-Peninsula Market, according to Newmark Cornish & Carey, which is marketing the property for lease at $54 a square foot triple net. With shuttle access to downtown Redwood City, tenants will have Caltrain access as well access to Highway 101.
The project is part of the “inner harbor” land use plan that Redwood City is working on, which includes up to 1.2 million square feet of office space, 40,000 square feet of retail, 550 residential units and more than 40 acres of open space — a major reimagining of the city’s waterfront.