Home / Business and Economy / San Mateo Safeway to Rise as 396 Homes
San Mateo Safeway to Rise as 396 Homes
11 Mar
Summary
- A Safeway store is being replaced by a seven-story housing complex.
- The development will add 396 new homes, including affordable units.
- The project uses California housing laws to streamline development.
A Safeway store in San Mateo is planned for a significant transformation into a dense housing development. Align Real Estate has applied to build 396 new homes on the nearly 3-acre site at 1655 El Camino Real. The proposal involves demolishing the current grocery store and constructing a seven-story building that will house a larger Safeway on the ground level, topped by residential units. Approximately 55 of these units will be income-restricted, and the development will include secured parking for both shoppers and residents.
The developer is utilizing California's housing streamlining laws, such as SB 330, to advance the project, a strategy also employed in similar Safeway redevelopments in San Francisco. This approach has largely shielded the proposal from formal opposition, despite potential neighborhood concerns regarding scale and height. Align Real Estate anticipates that the project will provide much-needed housing and an improved grocery retail experience for the community. Safeway has stated its commitment to San Mateo, ensuring current employees will retain their jobs and be relocated to nearby stores during construction.
