Sept 11, 2008
By: Barbra Murray, Contributing Editor

Silverstone Communities has completed the development of Park Broadway, a 96-residence condominium property located 15 miles south of San Francisco in Millbrae, part of California's upscale San Mateo County.

The concept behind Park Broadway adheres to Silverstone's basic corporate tenet, which is to provide relatively reasonably priced, newly constructed homes with the same upscale tenor found at neighboring properties. Silverstone shelled out $74 million to complete the project.

Located just outside of Millbrae's downtown area, which is presently undergoing a $250 million upgrade, Park Broadway is geographically located to appeal to workers in the nearby Silicon Valley job market. Additionally, as is the case with all Silverstone Projects, the property is a transit-oriented endeavor, located within close proximity to BART, Caltrain and the region's main thoroughfares. The mid-rise building's most distinctive feature, however, is the collection of residences with price tags that are nearly $350,000 less than the median home price in the area.

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