Bay Meadows to Break Ground on Office Building Next to SurveyMonkey’s New Headquarters
November 17, 2015 – The Registry
174,000 square foot Station 3 – steps from the Caltrain Hillsdale Station – will be tenant-ready within 21 months
San Mateo, CA – November 17, 2015 – Adjacent to the future headquarters of SurveyMonkey, Station 3 is the next office building to be constructed at Bay Meadows in San Mateo at the Hillsdale Caltrain stop. Owner Stockbridge and developer Wilson Meany announced today that they are breaking ground on the 174,000 square feet, Class A office building designed by HOK Architects.
Station 3, located at 2850 South Delaware Street, is the second of five planned office buildings at the 83-acre mixed-use community in San Mateo – all of which are being leased by Newmark Cornish & Carey.
The world’s leading online survey platform, SurveyMonkey, recently leased the entire 199,000 square feet of Bay Meadows Station 4, which is currently under construction and scheduled for occupancy in January 2017. With a planned 780,000 square feet of office space, Bay Meadows Station is the largest new Class A development on the San Francisco Peninsula. The offices are situated on a street that will feature storefront retail, cafes, a biergarten and outdoor social spaces in the midst of an urban village. With its central location, Bay Meadows is equally accessible to workers from San Francisco, Silicon Valley and the East Bay.
“The right firm could see its workers producing and innovating at Station 3 in just 21 months,” said Janice Thacher, partner at Wilson Meany. “In addition to great transportation options, proximity to open space, and the area’s fantastic retail, grocery and dining options, Bay Meadows’ bustling community and available for-rent and for-sale product is proving to be a true differentiator that will help companies attract and retain talent.”
As office space in San Francisco and the South Bay dwindles, San Mateo is increasingly attractive to businesses looking to draw top talent. The surrounding county is home to a growing number of creative companies, from global brands YouTube, Sony, Franklin Templeton and Oracle to high-value start-ups GoPro and Marketo.
“We loved how the sophisticated design of Bay Meadows’ buildings encourages employees to spend time in the community where they might run into residents at cafes or play bocce ball with employees from other firms,” noted Tim Maly, CFO and COO of SurveyMonkey. “Being a part of an urban campus is very important to us, and is one of the top reasons we chose Bay Meadows as our new habitat.”
The pioneering transit-oriented development is well underway with hundreds of residents in townhomes and apartments, the Nueva School serving high school students, and visitors regularly utilizing Bay Meadows’ variety of parks and open space. In addition to Bay Meadows Station, construction at the new community will continue over the next several years with Meadow Walk by Shea Homes completing in 2016, completion of Station 4 and two mixed-use buildings that circle the Town Square, which will feature restaurants, cafes and retail in 2017.