{"id":1004371937,"date":"2019-11-27T09:46:50","date_gmt":"2019-11-27T17:46:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371937"},"modified":"2021-05-15T06:09:04","modified_gmt":"2021-05-15T14:09:04","slug":"principal-jv-to-build-bay-area-tod","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/","title":{"rendered":"Principal JV to Build Bay Area TOD"},"content":{"rendered":"<div id=\"attachment_1004371940\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004371940\" data-attachment-id=\"1004371940\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/gateway-at-millbrae-station-image-courtesy-of-republic-urban-properties\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Gateway at Millbrae Station. Image courtesy of Republic Urban Properties\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Gateway at Millbrae Station. Image courtesy of Republic Urban Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png?w=800\" loading=\"lazy\" class=\"wp-image-1004371940 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004371940\" class=\"wp-caption-text\">Gateway at Millbrae Station. <em>Image courtesy of Republic Urban Properties<\/em><\/p><\/div>\n<p>Republic Urban Properties has formed a joint venture with Principal Real Estate Investors to develop Gateway at Millbrae Station, a transit-oriented <a href=\"https:\/\/www.commercialsearch.com\/news\/battle-of-the-asset-classes-who-holds-the-edge\/\">mixed-use project<\/a> in Millbrae, Calif. The partnership, which will construct, finance and own the residential and office component of the project, is set to break ground on Dec. 4.&nbsp;&nbsp;<\/p>\n<p>Situated at the Millbrae BART Station, the development will provide access to the entire Bay Area, including downtown San Francisco and San Jose. Gateway at Millbrae Station is also located merely 2 miles of San Francisco International Airport.<\/p>\n<p>As one of the largest transit-oriented developments in the Bay Area, the project will encompass 157,000 square feet of office space, 320 market-rate and 80 affordable rental units and 44,000 square feet of retail. The project will also incorporate new public open spaces, plazas, pedestrian and bike paths and dog parks. Additionally, the development is expected to bring approximately 1,000 jobs to the area. Constructed in six phases, the mixed-use asset is slated for completion by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The companies will work together to construct Gateway at Millbrae Station, a mixed-use development in Millbrae, Calif. <\/p>\n","protected":false},"author":871,"featured_media":1004371940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21752,21742,1609,15],"tags":[33706,48008],"class_list":["post-1004371937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-mixed-use","category-latest","category-san-francisco","category-west","tag-principal-real-estate-investors","tag-republic-urban-properties-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Principal JV to Build Bay Area TOD - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Principal JV to Build Bay Area TOD\" \/>\n<meta property=\"og:description\" content=\"The companies will work together to construct Gateway at Millbrae Station, a mixed-use development in Millbrae, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-27T17:46:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T14:09:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/\",\"name\":\"Principal JV to Build Bay Area TOD - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\",\"datePublished\":\"2019-11-27T17:46:50+00:00\",\"dateModified\":\"2021-05-15T14:09:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/principal-jv-to-build-bay-area-tod\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gateway-at-Millbrae-Station.-Image-courtesy-of-Republic-Urban-Properties.png\",\"width\":800,\"height\":620,\"caption\":\"Gateway at Millbrae Station. 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