Another delay for TOD at Millbrae BART/Caltrain; housing scrapped
- Published Wednesday, January 23, 2008, by the Peninsula Examiner
A fourth delay given for developer
By Mike Rosenberg
MILLBRAE -- Maybe the fourth time is the charm.
The Millbrae City Council on Tuesday again extended the deadline
for a developer to acquire land for a $310 million project near the
city's BART/Caltrain station after the company said changing plans
required more time.
"The project changed completely in the last 90 days," said Chuck
Fancher of the Irvine-based Fancher Partners. "We're inches away
from finishing this. I am certain we will get it done."
The 5-1/2-acre development, which would include new shops and a
movie theater next to the transit hub, has been stalled because the
developer has been unable to acquire the two-thirds of the businesses
it needs to buy out in order to begin building on the 8 acres of
But the plan itself was recently changed to reflect investment
needs. A recent version of the plan called for 231 condominiums
and a 131-room hotel. The housing market has bottomed out while
the office market has surged, so the city recently scrapped the
residential aspects in favor of more retail and office space,
Community Development Director Ralph Petty said.
Fancher Partners entered an agreement with the city in February 2006
but has been unable to satisfy the city's land requirements.
The city had already given the group three 90-day deadline extensions
to acquire enough land, each time delaying construction three months
longer than the city had envisioned.
Fancher representatives would not discuss details of the negotiations
Tuesday but said in October that they had 40 percent of the land
Millbrae officials see the more than 10-year-old plan called Site
One as essential to creating new jobs, shopping destinations, and
entertainment for residents and visitors.
The affected redevelopment area lies between El Camino Real to the
west, an extended California Drive to the east, Millbrae Avenue to
the south and an extended Victoria Avenue to the north. It includes
restaurants such as Zack's Bar & Grill and other larger businesses
such as the Millbrae Lumber Co. and the Millbrae Serra Convalescent
[BATN: See also:
Millbrae BART/Caltrain TOD plans appear stalled
SamTrans to keep HSR on existing two Caltrain tracks in Millbrae
Millbrae fears adding HSR tracks to train station will derail TOD
Millbrae claims more tracks for HSR, Caltrain threaten $250m TOD
Stalled Millbrae BART TOD speeds new downtown parking garage
Millbrae BART TOD stalled, blocks new downtown parking garage
Land acquisition slows TOD plans at Millbrae BART/Caltrain
Millbrae council moves TOD redevelopment plan ahead
Millbrae eyes TOD arts & convention center near BART
Mixed-use TOD going up near Millbrae BART/Caltrain
Millbrae TOD project near BART cancelled