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A focus on healthy lifestyles is key, with the addition of trails, parks and fitness, and a preference for social gathering spaces over lot size are what today's master-planned community residents want, HomeFed's Kent Aden tells GlobeSt.com.
The mixed-use transit-oriented development, Passage at San Mateo, is surrounded by retail including a market hall and class-A buildings, and adjacent to a Caltrain station, with the ability to reduce traffic by 25%, GlobeSt.com learns in this EXCLUSIVE.
“Growth and development bode well for existing apartment properties such as Forest Hill Terrace,” says Gebroe-Hammer Associates executive vice president David Jarvis.
Because Stage 1075 was the first for-sale condo product in Mid-Market, there wasn't a benchmark on how a product of this type would do; however, it is 50% sold, pointing to the confidence in the area.
A winning retail/residential combination depends on location, they type of project and the location's demographics—it's important to know your market, Bosa's Richard Weir tells GlobeSt.com.