BY STEPHANIE LAM
Daily Post Correspondent
A prominent downtown Redwood City block is getting a family-friendly makeover after a San Francisco-based real estate firm bought the property for $46 million, it announced Tuesday (Dec. 23).
Blox Ventures is proposing to add new outdoor dining and gathering areas and a playground to the block where the Cinemark movie theater and Five Guys burgers are. The block is bordered by Jefferson Avenue, Middlefield Road and Broadway.
The bustling block is already home to Powerhouse Gym Elite and the Do-mini Hoskins Black History Museum and Learning Center. The new addition will bring customers into familiar eateries like Pizza My Heart, Marufuku Ramen and Timber & Salt, providing a “timeless, family-oriented community environment,” the firm said in a statement. Blox Ventures bought the property for $46 million from DWS Asset Management, who owned the property since 2006.
The space is surrounded by major employers including Box, a software company; McKinsey, a business management consultant company; and the Chan Zuckerberg Initiative. Blox Ventures’s past investments include a three-building research and development and office campus in Mountain View; 2100 El Camino Real and 530 Lytton Avenue in Palo Alto; 2100 Sand Hill Road in Menlo Park; and 100 Mayfield Avenue. Mayfield is currently known as The Rails, and home to Google’s Waymo autonomous vehicle campus and Google X.
And not one single restaurant on that “bustling” stretch was open after 9PM for us to grab a bite after the concert at The Little Fox.