Developer of massive Millbrae BART transit village signs on hotel operator
San Francisco Business Times
Developer Republic Urban Properties signed on the Residence Inn by Marriott to operate a hotel that is part of the proposed Gateway at Millbrae Station — the largest development project in Millbrae’s history and one of the largest on the Peninsula. The $300 million project is slated to include 376 units of housing, 150,000 square feet of office, 42,200 square feet of retail and the hotel, which could contain between 135 and 155 rooms, said Michael Van Every, president and CEO of San Jose-based Republic Urban. “This is a big step in making sure we can start all the product types at the same time,” Van Every said of bringing on Marriott as the hotel operator.
The project, which has been in the works for several years, could secure city approvals this fall so that construction could begin early next year. Building out the entire development plan could take five to seven years, Van Every said. The developer and BART have entered a ground lease for about 9 acres of land adjacent to the Millbrae BART Station. Earlier this year, city leaders approved a development plan for 116 acres surrounding Millbrae’s transit hub that includes stops for BART, Caltrain and various bus lines, and San Francisco International Airport.
Millbrae is arguably one of the most transit-rich cities in the Bay Area. Having a hotel operator in hand should give the city more assurance that transitoriented development will increase the city’s tax base and create jobs, Van Every said. “The hotel will draw a fair amount of business travelers,” he said. “As hotel rates continue to climb and climb in San Francisco, being on a BART line with access to whole Bay Area will also be attractive to tourist travelers.”