CITY OF SAN MATEO
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CITY OF SAN MATEO
Agenda Report
City Hall
330 W. 20th Avenue
San Mateo CA 94403
www.cityofsanmateo.org
Agenda Number: 15 Section Name: CONSENT CALENDAR Account Number: 10-1511 File ID: 26-11299 TO: City Council
FROM: Alex Khojikian, City Manager
PREPARED BY: City Clerk's Office
MEETING DATE: June 01, 2026
SUBJECT:
445 S. B Street (Bespoke) - New Mixed-Use Development — Ordinance Adoption RECOMMENDATION:
Adopt an Ordinance to approve Development Agreement (DA) associated with the construction a new mixed-use development totaling 239,628 square feet and consisting of one seven-story, 76,072 square-foot affordable housing building and one six-story, 162,926 square-foot office/commercial building located at 445 South B Street (“Project”).
BACKGROUND:
On May 18, 2026, the City Council introduced an Ordinance to approve the Development Agreement (DA) associated with the proposed mixed-use development at 445 South B Street. During the meeting, the City Council reviewed the project and provided feedback prior to introducing the Ordinance.
The Project includes a total of 239,628 square feet, consisting of one seven-story, 76,702-square-foot affordable housing building and one six-story, 162,926-square-foot office/commercial building.
If adopted, the Ordinance will become effective 30 days after adoption.
BUDGET IMPACT:
There is no budget impact associated with adoption of the Ordinance. The fiscal impacts of approving the Project are identified in the May 18, 2026 staff report.
ENVIRONMENTAL DETERMINATION:
In accordance with CEQA, an Initial Study and Mitigated Negative Declaration (IS/MND) were prepared to assess the Project’s environmental impact. The IS/MND concluded that the Project would not have significant effects on the environment with implementation of mitigation measures. The Project’s Mitigation Monitoring and Reporting Program (MMRP) was included in the Project approval resolution. The mitigation measures were also included as conditions of approval. On May 18, 2026, the IS/MND was adopted by the City Council, and the associated staff report contains additional information relating to environmental review of the Project.
NOTICE PROVIDED
All meeting noticing requirements were met.
ATTACHMENTS
Att 1 – Draft Ordinance – Development Agreement
Exhibit A - Development Agreement
CITY OF SAN MATEO
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STAFF CONTACT
Chantal Eaton, Deputy City Clerk
[email protected]
(650) 522-7044