No Developer Chosen for 15-Acre Lot Yet

Though the City Council had previously indicated it would be announcing which company it had selected to develop the City's vacant 15 acres of land near City Hall and build a senior living community on it at its upcoming meeting on Oct. 3, a press release issued Tuesday said the Council feels it needs more information before it can do so.

At , two land development teams presented proposed projects for the 15-acre parcel, which sits immediately south of City Hall, near the corner of E. Hillsdale and Foster City boulevards. On Oct. 3, the two teams will be given another opportunity to discuss their proposals, relative to how they will benefit the Foster City residents and community, the press release stated.

Video of the two teams' proposals during the Sept. 6 Council meeting can be viewed online on the City's official website.

During the upcoming meeting on Oct. 3, the two teams will answer questions from the City Council about their proposed projects, and will be asked to specifically address their business model for the project, including the number and type of senior housing units that will be built, which services will be provided, and what the cost could be to move into and live in the units. The teams will also address how the general public will enjoy the site through the retail stores and the public spaces.

The Council then plans to discuss which team it wishes to select for the job at its next meeting, scheduled for Monday, Oct. 17.

The two land development teams being considered include a team led by the Sares-Regis Group of Northern California L.L.P., and a team put together especially for this effort called the Foster City Community Partners, made up of representatives from several local companies.

The public is also invited to ask questions and comment on the proposals at the Oct. 3 meeting, which will take place at 6:30 p.m. in the City Council Chambers, 620 Foster City Blvd. The public is invited to attend in person or view it on Foster City TV, viewable on Comcast Channel 27, ATT Channel 99, or streaming at fostercity.tv.

Written questions and comments may be submitted in advance of the meeting to Rick Marks, Community Development Director, at 610 Foster City Blvd., Foster City, CA 94404 or at rmarks@fostercity.org.

For more information, please contact Community Development Director Rick Marks at 650-286-3225.