BY EMILY MIBACH
Daily Post Staff Writer
A proposed biotech campus in east San Carlos will be the mid-Peninsula’s third largest project seeking approval and would double the city’s work force to 14,000.
San Carlos Mayor Mark Olbert said at council’s Monday (Nov. 25) meeting that the proposal by Alexandria Real Estate Equities is the single largest project in the city’s history.
The 1.6-million-square-foot campus is slated for the area between Old County Road, Commercial Street, Industrial Road and the Pulgas Creek.
The two proposals that are larger are:
• Facebook’s Willow Village in Menlo Park, with 1.75 million square feet of office space, 200,000 square-feet of retail space and 1,735 homes;
• The redevelopment of Sequoia Station in Redwood City, with 1.6 million square feet of office space, 175,000 square-feet of retail space and 440 apartments.
The San Carlos site, with an address of 825-835 Industrial Road, includes the former corporate headquarters of Kelly-Moore Paints along with a number of one- or two-story office and industrial buildings constructed in the 1960s.
The development will include six office buildings, including a 112-foot tall office tower, and two parking garages, according to plans submitted by the company in October.
With more jobs, more homes are needed
Using the rule of thumb of 200 square feet per employee, the project could add 7,000 employees to San Carlos. That’s half of San Carlos’ current workforce of about 14,000, according to Olbert.
If there are 7,000 new employees in the area, that means some 4,667 new homes need to be built, using the assumption that 1.5 people live in each new apartment built in the area.
Because of the enormity of the project, Olbert on Monday requested that the council take a look at the city’s zoning plan to make sure the projects being proposed are “producing what the community wants.”
Olbert pointed out that the city’s zoning plan was created some 10 years ago and probably needs to be looked at again, as things have changed since then.