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Development Site

Development Opportunity

Size

6.03 acres

Ownership

Privately Owned
Epa small
East palo alto open space concept small

Site Description

City Council has focused on Ravenswood Redevelopment Project Area for several years, resulting in new apartments being built near 4 Corners and improvements in the appearance and function of Bay Road.There are still many vacant properties in Ravenswood/4Corners that could be developed, and the city has prepared a Ravenswood/4corners Transit Oriented Development Specific Plan to transform the area into a thriving district to live, work, and find open space and amenities.

Local Description

Call Community and Economic Development Department at 650-853-3189 or email at jdoughty@cityofepa.org, or click here to see more staff contacts. Click here to see plans for new clinic in project area. This Site is a part of the Ravenswood/4 corners specific plan project area, formed in 1990. It encompasses approximately 200 acres including both the Four Corners (Bay/University Avenue) and the Ravenswood Business District (RBD). The Four Corners area is primarily characterized by a mixture of retail and residential uses. More recently, the Ravenswood/Four Corners Transit Oriented Development Specific Plan (the Plan), encompassing this project area, was completed. The Plan offers a great opportunity to create a community vision around land uses in the RBD and 4 Corners area and bring public transit alternatives to East Palo Alto to facilitate the smart growth of, and increased access to the Ravenswood Redevelopment Project area. The assessed valuation of the Four Corners/Ravenswood project areas was $36.7 million in 1990 when the Redevelopment Area was formed. In 2009, the assessed valuation was $96.2 million. View Nexus Study, attached, to understand development fees.

Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Political Support

Community Support

Financial Programs

Safe, Accountable, Flexible and Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU), State Transportation Improvement Program (STIP), New Market Tax Credits, Low Income Investment Fund (LIIF)/Enterprise Partnership for TOD, other

Costs

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Public Investments

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Private Investment

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Local Development Trends & Market Indicators

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San Mateo, CA 94303

6.03 acres (262529.07 sqft)
Owner
Details
APN: 063111250

Contact Tsatsral Magnaibayar

Tsatsral, from OppSites, Inc., has more details.

Created on September 2nd, 2014 (last updated over 1 year ago)