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The City of Redwood City is pleased to announce that it is moving forward with the Depot Circle Development Opportunity in Downtown Redwood City. This project consists of two City-owned properties, known as “Block 2” and the “Winslow Street Parking Lot,” respectively. The development of these sites will be a key step in the ongoing revitalization of Downtown Redwood City.
These two parcels represent 2.3 acres of land directly adjacent to one of the busiest Caltrain stations on the Peninsula. Potential uses for the project include office, residential, hotel, retail, restaurants, and entertainment. The design of the site will be configured to add significant foot traffic to surrounding streets, and the architecture will be crafted to blend harmoniously with the historic Downtown. Current public parking on the land will be replaced, and the project will include the creation of Depot Circle, a public open space intended to create a welcoming and exciting entrance to Downtown from the train station.
A Request for Qualifications (RFQ) document was released in August of 2011 to solicit interest from development teams who are qualified to pursue such projects. Redwood City received five responses to the RFQ, and in December of 2011 the City Council invited two of them (Hunter/Storm and Lowe Enterprises) to submit detailed proposals. The proposals were submitted on March 31, 2012.
The City Council will consider the proposals on Monday, May 21, 2012. If the City Council selects one of the proposals as its preferred scenario, it will move forward with that party on negotiations for a Development Agreement (DA).
Construction will begin in the fall of 2012 when the City relocates a storm drain culvert which runs under the Block 2 parcel. If a developer is selected this spring and the DA negotiations are successful, then construction of the buildings and the circle may begin as early as the spring of 2013.
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