Investment Overview

Zoning - North Fair Oaks Community Plan The subject property is located in the boundaries of the North Fair Oaks Community Plan in unincorporated San Mateo County. North Fair Oaks is an unincorporated part of San Mateo County comprising approximately 798 acres, bounded by the cities of Redwood City to the north, west and southwest, Atherton to the east, and Menlo Park to the northeast. The updated Community Plan establishes the vision, goals for the development and physical composition of North Fair Oaks for the next 25 to 30 years, and incorporates new policies, programs, regulations and strategies to meet the needs of current and future residents and workers. The updated Community Plan’s policies and provisions address land use, circulation and parking, infrastructure, health and wellness, housing, economic development, and design guidelines. The Industrial Mixed-Use land use designation allows a medium to high density of land uses with a primarily industrial focus while also allowing a mix of secondary commercial, public, and institutional uses. Limited multi-family residential uses that do not conflict with light-industrial uses may also be allowed as conditional uses with approval. The objective of this land use category is to preserve and promote job-generating uses in designated areas while catalyzing reuse of underutilized industrial buildings for commercial activities, including retail and office uses, artist studios, live/work lofts, and institutional uses such as schools/training and sports facilities.