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Draft terms for 1301 Shoreway project would add public creek trail and parking; developer offered $6.3M–$7M community benefit

City of Belmont City Council · October 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Draft terms for a proposed office/biotech campus at 1301 Shoreway include a public parking garage, creekside trail improvements and a $6.3M–$7.0M community‑benefit payment tied to build timing.

City staff presented draft development‑agreement terms for the proposed 1301 Shoreway redevelopment on Oct. 28. The project would convert an existing office complex into a flexible, multi‑building campus for office or life‑science uses, add a public parking garage and fund several public improvements including a creekside trail with interpretive signage, renovated court/facility space and dedicated parking for outdoor amenities.

Key terms summarized by staff included: a developer community‑benefit contribution equal to about $13 per square foot if entitlement and…

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