Safeway to Become Housing Project
A Safeway location on the San Mateo Peninsula is slated to be replaced by a dense housing project, reflecting the Bay Area's housing crunch [https://www.sfchronicle.com/realestate/article/safeway-peninsula-housing-align-real-estate-22063204.php].
The project at 300 El Camino Real in San Carlos will include 282 apartments and a smaller, 32,000-square-foot Safeway. This is a change from the current 50,000-square-foot store. The development is a joint venture between Safeway’s parent company, Albertsons, and Sares Regis Group. It reflects a broader trend of grocery stores redeveloping underutilized parking lots into housing. San Carlos is struggling to meet state-mandated housing goals, and this project helps address that. The city needs to plan for 1,383 new units between 2023 and 2031.
