The amount of development in Foster City is expected to increase over the next several years as older properties are redeveloped and the few remaining vacant sites are developed.
The Pilgrim-Triton Master Plan that was approved in 2008 will, in phases, demolish about 296,000 sq. ft. of existing buildings on a 20-acre site and construct 296,000 sq. ft. of new office/commercial space and up to 730 housing units. The first phase of that project, The Plaza Apartments, consisting of 300 apartment units and 10,000 square feet of commercial, was completed last year. The next phase of the project, called One Hundred Grand, which includes 166 units and 6,000 square feet of ground floor commercial, is almost completed and will open later this year. The third phase of the project, The Triton, which will have 240 units and 5,000 square feet of commercial, will currently under construction.
Foster Square is an approximately 15 acre parcel located adjacent to the Civic Center. It is bounded by Shell Boulevard to the west, Civic Center Drive to the north, Foster City Boulevard to the east, and Balclutha Drive to the south. The New Home Company is the master developer for the project that will be composed of 200 for-sale condominiums, 155 assisted and independent living units, and 66 for-rent affordable housing units. All residential units will be reserved for age-qualified seniors. The project will also include approximately 32,000 square feet of ground floor retail, public gathering spaces, and pedestrian paseos.
In addition to these exciting projects, there are several other developments underway. In September 2013, an application was approved for a 120 room hotel on the site formerly occupied by the Black Angus Restaurant. Gilead is experiencing tremendous growth and is constructing a new lab building, office building and two parking garages. In 2013 the City approved the Chess-Hatch Office Project that would demolish about 190,000 sq. ft. of office/warehouse and replace it with up to 800,000 sq. ft. of offices.
Foster City Center offers two brand new, state-of-the-art Class “A” office towers, totaling 600,000 square feet. With commanding identity and exposure, the two towers provide an outstanding branding opportunity. Views from the project span from San Francisco to San Jose and to the coastal range and east bay hills.
Find out about all of the projects that are planned for Foster City