DA Request – 180 El Camino Real
August 27, 2025
City Council
Entitled Steelwave Project at 180 El Camino – Sept 2022 2 El Camino Real Rendering
3 Residential Rendering
4 Background / DA Request
Approved Project
• 750,000 SF of Life Science / R&D
• 180+ Unit Residential Building
• Entitled in September 2022 by
Council
Development Agreement Request
• Extend entitlements 10 years from
DA effective date
• Pre-payment of Community
Benefit Fee obligations
• Option to withdraw project at
Year 5 – fees paid non-refundable
Background / DA Request
6 Background / DA Request
7 Total Community Benefit Fee Due $2,400,000
1 st Pre-Payment 2026 ($480,000)
2 nd Pre-Payment 2028 ($480,000)
3 rd Pre-Payment 2030 ($720,000)
Total Remaining at Permit Issue $720,000
Transportation, Housing, Park and other Impact Fees due at permit issuance Challenging Market Conditions
• Demand slowdown
• New space coming online
(IQHQ, Kilroy, HPP, Southline)
• 25% vacancy rate in Bay Area
• Stingy venture capital
• Construction costs and tariffs
• Federal funding pullback
Why isn’t this project under construction yet?
8 Recommendation
Findings:
• No project changes and CEQA implications with this application • SSF needs time to absorb existing R&D entitled space
• Preserving these entitlements preserves future impact fee obligations • Staff recommends support of the ordinance waiving 1st reading and approving the Development Agreement with Steelwave for 180 ECR Staff Recommendation
10 DA Request – 180 El Camino Real
City of South San Francisco
THANK YOU
FOR JOINING US TODAY