GoPro's current home base in San Mateo, Clearview Business Park, is set to transform from a tech campus to a residential community. Harvest Properties and Stockbridge, in a partnership move, have acquired the 22-acre site for a solid $102 million, with plans to redevelop the property into 225 townhomes and single-family homes. This development promises to add various housing options, including a 15% allocation for low-income households, amidst regional housing shortages and vacating corporate spaces.
While Silicon Valley grapples with a substantial 22% office space vacancy rate, Harvest Properties aims to repurpose the underutilized land strategically. According to a statement obtained by the San Francisco Chronicle, Preston O’Connell of Harvest Properties indicated that the project "responds directly to two regional realities — the ongoing housing shortage and the structural challenges facing the office market." These new units will be offered for sale, and their design is intended to be low-density, which is not only highly sought after but also more cost-effective than the mid-rise apartment communities currently paused due to high costs and interest rates.
The 3000–3155 Clearview Way site is notable for its proximity to San Mateo College and various transportation options, including several bus lines and the 92 freeway. The planners aim to create an aesthetically fitting community with a mix of modern and traditional architecture. With energy efficiency, drought tolerance, and comfort in mind, the space will also feature public areas like landscaped paseos and a central green.
With GoPro's lease due to run out in 2026 and the company embracing an adaptable work model, the timing seems right for a change. As reported by SF YIMBY, the camera company has been supporting varied work arrangements, thus potentially mitigating impacts typically associated with relocating such a business. The site's redevelopment is also aligned with the city's general plan to introduce over 7,000 new housing units soon. A representative for Harvest Properties highlighted the benefits of such a project for the San Mateo community, stating that it is difficult to replicate due to the significant land requirements. They further commented on the need for projects like this to expand the for-sale housing supply and creating opportunities for current and future San Mateans.
