Project Description

The project scope includes the demolition of an existing one-story commercial building and construction of a new multifamily residential building on the site bounded by S. Eldorado St. on the east, E. 3^rd Ave on the north, and S. Delaware St. on the west. The project site is 0.64 acres, with a 2040 General Plan Land Use designation of Mixed Use Medium II (4-6 stories, 51-99 dwelling units/acre). The project utilizes State Density Bonus law, providing below market rate (BMR) units as outlined below to increase the maximum allowable density. The project will include:

• Eight (8) stories with one (1) level of below-grade parking
• 128 Residential Units, including
  • 10 BMR units at the Very Low Income Level (15% of the base density of 64 units)
  • 10 BMR units at the Moderate Income Level (15% of the base density of 64 units) 
• 73 on-site parking spaces

Project Update

• On March 2, 2026 the City Council held a public hearing and approved the application by a vote of 5-0. 
• On February 10, 2026 the Planning Commission held a public hearing and recommended the application for approval to the City Council by a vote of 4-0, with one Commissioner recused.
• The most recent resubmittal of the formal application (PA-2025-025) was submitted on December 19, 2025.
• The initial formal Planning Application (PA-2025-025) was submitted on April 2, 2025.
• This formal Planning Application follows submittal of an SB330 Preliminary Application (PA-2024-065) which was deemed complete as of January 21, 2025. The Housing Crisis Act (SB30) ((Government Code Section 65941.1) is a state law allowing the project to secure development standards, fees, and regulations as they apply at the time of submission with the submittal of all required documents as outlined in the City’s SB 330 checklist. More information on SB330 can be found in the Housing and Community Development (HCD) SB 330 website.
• Note that plans submitted to the City in 2023 for a mixed-use development on this site have been abandoned. The current project is a new submittal, proposing an entirely residential development.

Project Documents

• Approved Project Plans - (PA-2025-025)
• Preliminary Project Plans – December 20, 2024 (PA-2024-062)

Meetings

• City Council 
  • Monday, March 2, 2026 at 7:00 PM
  • Meeting Agenda Materials and Recording
• Planning Commission 
  • Tuesday, February 10, 2026 at 7:00 PM 
  • Meeting Agenda Materials and Recording
• Neighborhood Meeting was held by the applicant on March 19, 2025
  • Meeting Notes
  • Meeting Recording

Development Impact Fees

This project will be subject to payment of the following impact fees and in-lieu fees.

• Child Care Development Fee
• Landscape Unit In-Lieu Fee
• Park Impact Fee
• School Impact Fees
• Transportation Improvement Fee
• Wastewater Capacity Charge
• Art in Public Place In-Lieu Fee (if not installing public art on-site)

Applicant Information

Jonathan Stone
Prometheus Real Estate Group
Please direct all applicant-related inquiries to the assigned planner.

City Contact Information

Liz Altmann
Associate Planner
(650) 522-7206
ealtmann@cityofsanmateo.org