SRGNC MF, LLC a division of Sares Regis Group of Northern California (SRGNC) has completed construction on 888 San Mateo in partnership with the project’s owner, the AFL–CIO Building Investment Trust (BIT). The 158-unit luxury apartment community is located at 888 San Mateo Drive in San Mateo. 888 San Mateo is currently 70% leased and 60% occupied. Average rents are between $2,600 and $4,000 per month.
“888 provides the central peninsula with a new, sustainable, high-quality rental community for the region’s workforce,” said Ken Busch, vice president for residential development at SRGNC. “The location includes great walkability and transportation options and we hope to achieve the prestigious LEED Platinum certification for this amazing project.”
The transit oriented development (TOD) community, designed by TCA Architects, includes underground parking, a pool, spa, fitness center with cardio-theater, yoga and Pilates studio, outdoor kitchen and courtyard lounge, community room and the latest in technological amenities for its residents.
According to Thom Cox, CEO and Managing Partner of TCA, “With the challenging site shape and adjacent railroad tracks, the project was split into two linear buildings with a single underground parking garage, allowing for street level residential units with stoops to activate the street.”
The community’s location makes it exemplary urban-infill, while also ensuring access to variety of alternative transportation options: downtown San Mateo and Burlingame are bike friendly, and 888 San Mateo residents will have easy access to Caltrain. Every unit is equipped with low-volume water fixtures and Energy Star appliances, and all landscaping prominently features a variety of drought-resistant and California-native plant species to reduce water-use. Recycled wood-chip byproduct was also utilized for the wood-frame construction.
“The property’s craftsman motif features natural materials and warm color tones to complement the eclectic style of the homes in the surrounding neighborhood,” Cox added. The site had been a former auto dealership, vacant for almost 10 years.
served as the developer for BIT and Sares Regis Group of Northern California
will be the property manager. A joint
venture of Devcon Construction, Inc. and Regis Contractors Bay Area served as
the construction manager and general contractor.