San Carlos Trestle Apartments Race Toward Completion.

September 26, 2018

Transit Village Becoming a Reality.

It has been a number of years since the Transit Village development project on El Camino Real was conceptualized and pitched to the City of San Carlos and its residents. This project, along with the Wheeler Plaza development that is under construction in downtown San Carlos, became lightning rods of controversy in the city as they have pitted pro-development and anti-development neighbors against each other.  The Transit Village in particular faced extensive criticism from the Greater East San Carlos neighborhood association, who objected to the mass and height of the originally proposed project.  Already divided from the rest of San Carlos by the elevated Caltrain berm, east-side neighbors have contended that the Transit Village simply amplified that chasm.

After much discussion between the developer, the City of San Carlos, and GESC, ground was finally broken on the massive strip of land that starts south of the San Carlos train station and extending north past Holly Street.  If you have traveled El Camino at all over the past year, you've seen the rapid progress of the buildings while suffering through the massive traffic delays that resulted from reducing El Camino to one lane in the north direction.

So whether you love or hate the new apartment complex, it's coming to fruition very quickly.

The Numbers.

The Transit Village project consists of two main components – the Trestle apartments that spread north up El Camino from the train station, and the actual Transit Center Project, which is comprised of the existing historic Caltrain Station and the two large commercial spaces that flank it on either side.  In this post, we'll focus primarily on the former.

The Trestle Apartment project is a collection of 202 modern and luxurious apartments that are situated right between El Camino Real and the Caltrain tracks.  There are 8 different single-bedroom floor plans that rent from $3,610 – $4,360 per month, according to the Prometheus website.  The 4 different two-bedroom options range from $3,830-$5,200 monthly, and finally 3 three-bedroom choices that will set you back anywhere from $5,525-$5,760.  The apartments are very modern and nicely appointed, and the facility contains a pool, a modern spa/workout room, and will eventually unveil a cool sky deck on the top floor.  To look at all of the floor plan options, click here.

There are some interesting stats that I also learned from talking with the contacts at Trestle:

  • 163 of the 202 total units are finished, so they're roughly 80% done with the build-out.
  • 54.5% of all 202 units have already been leased.
  • 48.5% of those units are currently occupied.
  • Completion date of the Trestle Apartments and Transit Village is slated for early 2019.

The Trestle Apartments and the Transit Center project have changed the look of downtown San Carlos permanently. And whether you are for or against this type of development, everyone will be universally happy when all of the construction is complete, and life can get back to normal in downtown San Carlos.

What do you think of San Carlos' newest apartments?  Leave your comments below!

Posted in:

2 Comments

  1. Hans Brough on September 27, 2018 at 3:13 am

    Are there any apartments reserved at a lower price for San Carlos school teachers? The prices quoted in the article seem very high. Also – how will these price points impact existing rental prices – in particular 3 bedroom houses.



  2. Chuck Gillooley on September 27, 2018 at 4:27 pm

    I believe there are a few developments in the City that have below market rate (BMR) units that people can obtain if they qualify. The vast majority of new units that are being built in both Redwood City and San Carlos are apartments for rent, as opposed to condos that can be purchased. Consequently, I believe this big upside in rental capacity has already had an impact on the house rental market in both cities. I don’t have any hard data to back it up, but I have heard comments from rental agents that the demand and prices for 2BR-3BR has softened noticeably over the past few months. It would be logical to assume that the competition from new developments such as Trestle in San Carlos and Indigo in RWC have had an influence in this trend.



Leave a Comment