Cupertino-based Hunter/Storm LLC is one of two developers on the short list to develop a 2.3 acre plot in downtown Redwood City.
City officials in late August formally issued a Request for Qualification for Block 2, a city parking lot on Middlefield Road adjacent to the Redwood City Caltrain station, and the Winslow parking lot across the street.
Lured by a development-friendly blueprint and an economy on the mend, five developers expressed interest in the site, including TMG Partners and Essex Property Trust. The city has dubbed the project the “Depot Circle” development.
But now the city is down to two developers: Hunter/Storm and Los Angeles-based Lowe Enterprises.
The city’s plan allows for 12story buildings but does not dictate specific uses.
Ed Storm, chairman of Hunter Properties – the umbrella company of Hunter/Storm, said his firm’s initial proposal was to build a pair of multistory office buildings totaling about 250,000 square feet.
Lowe Enterprises suggested apartments, office space and a hotel on Block 2 and the Winslow lot.
The developers are expected to create more detailed proposals in coming months.
“We should know who the final developer is by April,” Storm said.
Depot Circle is proposed to be a unifying urban landmark, including a traffic circle centered with a monument at the where the realigned Winslow and Hamilton streets will meet.
Officials envision Depot Circle as serving as a dramatic focal point for what will become the western gateway into downtown Redwood City.
Mary Ann Azevedo covers real estate for the Business Journal. Her phone number is 408.299.1820.