"A prominent downtown Redwood City block is getting a family-friendly makeover after a San Francisco-based real estate firm bought the property for $46 million, it announced Tuesday (Dec. 23). Blox Ventures is proposing to add new outdoor dining and gathering areas and a playground to the block where the Cinemark movie theater and Five Guys burgers are. The block is bordered by Jefferson Avenue, Middlefield Road and Broadway."
"The space is surrounded by major employers including Box, a software company; McKinsey, a business management consultant company; and the Chan Zuckerberg Initiative. Blox Ventures's past investments include a three-building research and development and office campus in Mountain View; 2100 El Camino Real and 530 Lytton Avenue in Palo Alto; 2100 Sand Hill Road in Menlo Park; and 100 Mayfield Avenue. Mayfield is currently known as The Rails, and home to Google's Waymo autonomous vehicle campus and Google X."
Blox Ventures acquired a downtown Redwood City block for $46 million from DWS Asset Management. The company plans to add outdoor dining, gathering areas, and a playground to the block that houses Cinemark and Five Guys. Existing tenants include Powerhouse Gym Elite and the Do-mini Hoskins Black History Museum and Learning Center, alongside eateries like Pizza My Heart, Marufuku Ramen and Timber & Salt. The block is bordered by Jefferson Avenue, Middlefield Road and Broadway and sits near major employers such as Box, McKinsey and the Chan Zuckerberg Initiative. Blox Ventures has prior Silicon Peninsula investments including research and office campuses in Mountain View, Palo Alto, Menlo Park and Mayfield (The Rails).
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