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Sares Regis Group gets approval for apartment community at Hayward Park Caltrain Station in San Mateo, Calif.
Transactions - SEPTEMBER 16, 2022

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Sares Regis Group gets approval for apartment community at Hayward Park Caltrain Station in San Mateo, Calif.

by Released

In a public/private partnership, Sares Regis Group of Northern California (SRGNC) and Caltrain have approval from the San Mateo Planning Commission for a new apartment community called Hayward Park Transit Oriented Development (TOD) to be built on 2.7 acres adjacent to the Hayward Park Caltrain Station in San Mateo, Calif.

Hayward Park TOD contains 191 studio, one- and two-bedroom apartment homes in a five-story building with 192 parking spaces and a commuter bike room accessible to the public. Located at 401 Concar Drive, the community will include 28 income-restricted homes (16 apartments reserved for very low-Income residents and 12 apartment homes reserved for moderate-income residents). The community also will offer residents a rooftop lounge, fitness center, community room, and a dog run.

Plans call for breaking ground in the fall of 2023, with a completion date in 2025.

“This development will help to reduce traffic congestion and pollution, and provide

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