Millbrae may move ahead with Site One plans

An exclusive deal between the city and a Southern California company to build a major project near the BART station expired May 30, and city officials are expected to decide tonight whether to extend the agreement or start the search for a new developer.

Irvine-based Fancher Partners, which has exclusive rights to develop a five-acre parcel near the Millbrae BART station area, is going to ask for a three-month extension on the agreement, citing difficulties in securing a financial partner to bankroll the development and further problems assembling all the private properties currently on the site.

The Millbrae Station Area Specific Plan, dubbed Site One and adopted in 1998, aims to encourage development in the area surrounding the BART-Caltrain hub. City Manager Ralph Jaeck said that Site One may have been well under way had the dot-com bubble and the terrorist attacks of Sept. 11 not destroyed the economy, particularly the office-space market.

“The economy is coming back and now is the time to see some movement on that site,” Jaeck said.

A $200 million-plus project that includes retail, housing and most likely a cinema is planned for Site One, which includes Peter’s Café and Millbrae Lumber.

Assembling all 10 properties on the site has proven to be a tough task. There is some disagreement on how much the owners of the properties should be paid, even though the owners have been very amenable to the buyout. Still, Jaeck said that three months should be enough time for developer Chuck Fancher to prove that his company will make significant progress on buyouts by year’s end.

Though the exclusive development agreement is only slightly more than a year old, Jaeck said the city has been in discussions with Fancher for at least three years.

“The discussions have gone very well,” Jaeck said. “We think it’s reasonable to give them another opportunity to produce results and we think they will. If not, the city will have to decide whether to look for another developer for this site.”

The City Council is scheduled to discuss the issue at its regular meeting tonight.

tramroop@examiner.com

Bay Area NewsLocalPeninsula

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Lowell High School is considered an academically elite public school. (Kevin N. Hume/S.F. Examiner)
Students denounce ‘rampant, unchecked racism’ at Lowell after slurs flood anti-racism lesson

A lesson on anti-racism at Lowell High School on Wednesday was bombarded… Continue reading

Scooter companies have expanded their distribution in neighborhoods such as the Richmond and Sunset districts. (Kevin N. Hume/S.F. Examiner)
SFMTA board signs off on changes to scooter permit program

Companies will gete longer permits, but higher stakes

A health care worker receives the Moderna COVID-19 vaccine. (Go Nakamura/Getty Images/TNS)
City sets ambitious goal to vaccinate residents by June

Limited supply slows distribution of doses as health officials seek to expand access

U.S. President-elect Joe Biden and Jill Biden arrive at Biden's inauguration on the West Front of the U.S. Capitol on January 20, 2021, in Washington, DC.  (Win McNamee/Getty Images/TNS)
Joe Biden issues call for ‘unity’ amidst extreme partisan rancor

‘I will be a president for all Americans,’ he says in inauguration speech

MARIETTA, GA - NOVEMBER 15: Democratic U.S. Senate candidates Jon Ossoff (R) and Raphael Warnock (L) of Georgia taps elbows during a rally for supporters on November 15, 2020 in Marietta, Georgia. Both become senators Wednesday.  (Jenny Jarvie/Los Angeles Times/TNS)
Vice President Harris swears in senators Padilla, Warnock, Ossoff

New Democratic senators tip balance of power in upper legislative house

Most Read