Jemcor Development plans pair of residential towers in San Bruno
All-affordable project hinges on waivers and density bonuses under SB 330
A hometown developer has filed an application to develop twin 10-story residential buildings in San Bruno, with plans for all of its more than 300 units to be affordable.
The application by Jemcor Development Partners indicates a total of 341 units, SF Yimby reported.
About half of the units would have two bedrooms, with the rest split between one- and three-bedroom offerings.
The development sits near a YouTube headquarters campus that is under construction, and a Caltrain station. An existing one-floor commercial structure would be demolished for the project.
The two residential towers would combine for more than 400,000 square feet, with 50,000 square feet of parking.
The proposal is contingent on Senate Bill 330, which provides for density bonuses and waivers on matters such as height requirements for affordable residential developments.
Irvine-based architecture firm KTGY has been hired to design the project, which is expected to feature stucco, stone veneer, cement and metal panels.
The project’s site is a 1.6-acre parcel along San Bruno Avenue near El Camino Real. It’s near the San Bruno Caltrain Station. The northern end of San Bruno’s historic commercial center along San Mateo Avenue is 10 minutes away.
In May, Jemcor and Sacramento-based Pacific Housing landed a loan for $108 million to build an apartment project in South San Jose. The development at 1007 Blossom Hill Road would include 271 units. As with the San Bruno project, all the apartments would qualify as affordable housing.
The California Municipal Finance Authority provided $90 million for the project with the rest coming from Deutsche Bank in New York.
– Jerry Sullivan