Big downtown San Mateo development gets boost from real estate deals

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A big mixed-use office and housing development in downtown San Mateo is making progress with several purchases of properties that are needed for the project.

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SAN MATEO — A big mixed-use office and housing development in downtown San Mateo is being greatly buoyed by several purchases of properties that are needed for the project.

The properties are located on a downtown San Mateo block that is bounded by East Third Avenue, South Delaware Street, East 4th Avenue and South Claremont Street, according to a plan set filed with city officials. In the most recent purchase, completed on Aug. 2, Windy Hill Property Ventures paid $30.4 million to obtain eight parcels.

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So basically rent in the area is going up haha

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