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Plans for San Francisco Bay Area Apartment Project Leap Ahead After Developer's Site Purchase

Carmel Partners Drops $28 Million To Acquire Former Office Building Slated for Multifamily Makeover
San Francisco developer Carmel Partners is planning a 311-unit apartment complex on a former office site in Burlingame, California. (Carmel Partners)
San Francisco developer Carmel Partners is planning a 311-unit apartment complex on a former office site in Burlingame, California. (Carmel Partners)
CoStar News
January 30, 2023 | 11:05 P.M.

The Bay Area's housing-starved real estate market is about to get another boost of supply now that a developer has closed on its site acquisition, clearing the way for a new apartment complex along the southern San Francisco waterfront.

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