Campus Properties, together with Urban Community Partners, assembled a team that was successful in a public competition for the rights to develop a 15 acre site in the center of Foster City, CA. The development will comprise several separate but integrated elements providing different senior living arrangements:
The New Home Company — construction of infrastructure
Lennar — construction of 200 elevator served condominium units;
Mid Peninsula Housing — a 66 unit affordable rental building;
Atria Senior Living — a 152 room assisted / independent living facility;
32,000 square feet of ‘Main Street’ retail space.
The concept for the development has already been recognized as a new and creative response to senior’s housing which integrates a variety of housing types targeted at different segments of the 55+community. The development will offer independent and assisted living rental units, affordable rental housing and for sale condominiums with elevators, all in a central location that takes maximum advantage of the surrounding amenities. The retail, restaurants and cafes will attract residents and nearby office workers and create a vibrant new neighborhood.
The project will open in 2016.