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San Carlos backs Cherry Street Commons and a 251-unit development at former CVS site
Summary
Mayor McDow announced the city's $12 million investment in Cherry Street Commons (33 100% affordable units) and previewed a 251-unit mixed-use project at 11 El Camino Real that would include 38 affordable units, with construction timelines into 2026.
Mayor McDow used the State of the City address to underscore housing as a top priority, announcing two projects intended to expand affordable and mixed-use housing in San Carlos.
Cherry Street Commons: The mayor said the city broke ground in April on Cherry Street Commons, a 100% affordable housing development that will provide 33 family-friendly units in downtown San Carlos. The project is a joint venture with HIP Housing and includes a $12 million investment from the city; the mayor said completion is anticipated by the end of 2026. She described on-site outdoor gathering and play space and proximity to Burton Park and the pedestrianized core of Laurel Street.
11 El Camino Real: The mayor also previewed a larger mixed-use residential project planned for the former CVS site at 11 El Camino Real. She said the development would add about 251 units to the city's housing supply, including 38 affordable units, with construction expected to begin in late 2026. Details on financing sources beyond the city's contribution for Cherry Street Commons were not specified in the speech.
Mayor McDow framed these projects as part of a strategy to prioritize affordable, sustainable and connected housing in San Carlos. The city will continue planning and permitting work for both developments; specific approvals, financing details and construction timelines will require follow-up reporting.
