Is Bigger Better?

That was the question last night when the City Council voted overwhelmingly in favor of a plan to allow more senior housing in the new project that will be built in what’s now being called Parkview Plaza. The developer has argued that because of economic conditions the plan as it was orginally drafted had become financially unsound and an increase of 25% was needed to build this project and have it make sense. There’s now going to be 420 units instead of the 331 that the original plan advanced. Exactly how this additional space will be configured is yet to be determined. With the councils approval, the planning commission now gets to study the nuts and bolts. Naturally, there were some dissenting opinions from some folks who have been opposed to this plan all along.

It’s been no big secret that I’m of the opinion that the creation of a downtown area for Foster City would be an enormous boost to this community and from all I’ve seen, Parkview Plaza looks pretty wonderful…plus it’ll be a great source of revenue for the City. It’ll be interesting to see how this all plays out design wise, but I think it’s perfectly understandable for the developer to have a plan that allows them to make money with this project. Here’s a link to today’s San Mateo Daily News and their story on this topic:

BiggerParkviewPlazaLink

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