Located at 333 ElCamino Real, Trestle features six residential and two commercialbuildings.
SAN CARLOS, CA—What with traffic snarls and lack of buildableland, transit-oriented projects continue to appeal to developers,investors and financiers in the Bay Area. Trestle Apartments, amultifamily/mixed-use property consisting of 202 units and25,898 square feet of commercial space, is no exception. Located at333 El Camino Real, Trestle features six residential buildings andtwo commercial buildings which flank the historic depot of the SanCarlos Caltrain station.
With half of the buildings still under construction, a $103.77million pre-stabilized construction take-out loan was needed. Thisloan is almost certainly the largest for a multifamily project inSan Carlos and one of the largest in recent history on thePeninsula, GlobeSt.com learns.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
