Belmont Community Development Project Updates
February 2025
Agenda
2 Housing Development Project Updates
Other Development Updates (Current & Long Range)
Permit Center Statistics & Housing Units Completed – 2024 April 25, 2023 Belmont 2025 and Beyond 3
Housing Updates
2024 Completed
Housing Projects
• Artisan Crossing – 250 Apartment units
• The Hayden – 177 Apartment units
• Village Walk – 15 Townhomes
442 TotalUnits Completed including 65
affordable
Approved Housing Projects
5 Harborline
608 Harbor @
OCR & Elmer
(103 units,
16 affordable)
ROEM
803 Belmont
Ave @ ECR
(125 affordable
units)
LINC
876 & 900 ECR @ Hill
(37 affordable
Units)
• 265 total apartment units; includes
177 affordable units.
• Approvals granted in 2022 & 2023. • Harborline project approved but currently on hold.
• ROEM project started construction
in Spring 2024.
• LINC project is anticipated to start
construction in Spring 2025.
800 Laurel Avenue @ Hill Street
• 16 residential townhome units
• Includes $1M+ Affordable Housing InLieu Fee
• 32 parking spaces (2 per unit); 3-Story
Height Dwellings
• Includes pocket park
• Entitlements approved in November
2021; approvals extended in November
2023
• Building permits under review
• Anticipated construction start in
Summer 2025
September 26, 2023 6
CRP Housing Group:
678 Ralston Avenue and
951 Old County Road
• 100% affordable apartments
• Serve extremely low to low-income tenants
• Both projects subject to SB 35 streamlined application review • 678 Ralston (65 residential units)
• 8 stories
• 15 parking spaces
• Revised application filed February 2024; approved May 2024 • 951 Old County Road (63 residential units)
• 8 stories
• 8 parking spaces
• 1,300 sq. ft. of commercial space
• Application filed August 2024; approved January 2025
Belmont Development Update 7
580 Masonic Way:
Prometheus Group • 140 residential units (25 affordable) • Includes moderate, low, and very-low income units
• 142 parking spaces • 2,730 sq. ft of commercial space • 5 stories • Utilizing state density bonus provisions • Project is considered “by right” since site/property was included in prior Housing
Element inventory
• Project refiled August 2023 • Currently under review for compliance with objective standards
• Approvals anticipated Spring 2025
September 26, 20238
Certified 2023-2031
Housing Element
• Adoption/certification of Belmont Housing
Element completed in October 2024.
• The City has been working to achieve this
goal since 2021.
• Implementation to occur throughout 8-year
cycle including:
• Housing protection and preservation
policy evaluation
• Zoning code amendments related to
State law compliance
• ADU streamlining
• Inclusionary policy update
April 25, 2023 Belmont 2025 and Beyond 10
Other Development Updates
Biotech/Office Development • Slow down in market (Bay Area-wide trend), no new construction anticipated for
next 3 to 5 years
• 2 out of 5 projects are still proceeding with
entitlements
• 1301 Shoreway project - Public Hearings
anticipated – Summer 2025
• 550,000 sq. ft. • 7-8 stories • 130-145 ft. building height • Beam Reach project
(425-435 Harbor) – Dependent on HIA Plan
Adoption & Annexation • 800,000 sq. ft. • 7 stories • 120-ft. building height • 601 Harbor Blvd, 300-400 Island Pkwy, and
2 Davis Dr projects withdrawn or on pause
11 Harbor Industrial Area Specific Plan (HIASP) & Environmental Impact Report (EIR) Belmont Development Update 12
• Long Range Plan/Vision for the 62-acre
Unincorporated County Lands that is within
Belmont’s Sphere of Influence
• It is a precursor to wholesale annexation of
HIA into Belmont
• The area is primarily anticipated to consist of
commercial office/biotech uses – and serve
as an employment center
• The Mobile home park is to remain and
multifamily housing is anticipated along
North Old County Road (OCR) and Elmer
Street.
• Plan adoption is anticipated in early 2026 • Annexation completion is targeted for late 2026
• Redevelopment of the area anticipated to
occur over 20 to 30-year horizon
Harbor Industrial
Area (HIA)
Aerial View &
Context
13 HIASP
Reflects existing land
uses and development
standards and
preservation of Mobile
Home Park (MHP) - Industrial/Commercial - Mobile Home Park - Mixed Use/Residential
KAREN RD.
DAIRY LN. KAREN RD.
April 25, 2023 Belmont 2025 and Beyond 15
2024 Permits & Housing Unit
Updates
2024 PERMIT CENTER Statistics
2024 HOUSING UNITS COMPLETED
*From 1/1/2024 to 12/31/2024 – Multi-Family Unit
total includes MidPen Housing 66 All-Affordable
Units within Firehouse Square Project; SFD total
includes 15 attached units from Village Walk Project.
Thank you!
belmont.gov