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The Walnut Street development is proposed to be a new five-story, mixed-use residential building across three existing lots at 626, 640 and 648 Walnut Street. The project will feature 35 residential condominiums and two commercial spaces with two rear parking garages at street level. The condominiums are generously-sized with 3-4 bedrooms and 2-2.5 baths each and can easily accommodate families. Four of the homes will be offered below market rate to increase the supply of affordable housing.

The proposed project is designed to enhance the existing downtown corridor and neighboring residential buildings, while providing new residents with walk-, bike- and commute-friendly housing. The new condos will help address San Carlos housing needs and complement Walnut Street with amenities including two new sidewalk-facing commercial spaces and a beautifully designed public open space at the middle of the building. The project is a high-density urban infill project designed to enhance the streetscape, provide housing and reduce environmental impacts through innovative design and construction.

The Numbers

Number of Stories 5 Number of Condos 35
Total Height 62' Average Condo Size 1,834 sq ft
Floor Area 81,354 sq ft Number of Commercial Spaces 2
Site Area 26,505 sq ft Parking Spaces 45
Bike Parking 78

The Team

The Walnut Street development team was selected for their ability to integrate thoughtfully designed residences into an industrial environment. In particular, this team is recognized for creating a community oriented living space with forward-thinking design, that harmoniously blend ideas into the existing environment. The Walnut Street development is a residence that stands apart because of the dedication and skill of its team.


Workshop1 is a real estate development company creating modern, neighborhood-enhancing infill developments. Workshop1's projects embrace sustainable practices, respond to community context, and are located in walkable, transit-oriented neighborhoods throughout the San Francisco Bay Area. Workshop1 delivers innovative projects of exceptional quality from start to finish through our unique integrated approach combining development, architecture, and brokerage.


Dragonfly Group is an experienced property investment and development company specializing in single-family residence, condominiums and mixed-use projects throughout the San Francisco Bay Area. The company was founded by high tech entrepreneurs, Amit Haller and Ami Avrahami, who wanted to bring an inventive spirit to real estate development. Every Dragonfly property is characterized by a common set of core values: innovation, luxury, and sustainability. 



Community Meeting - March 29, 2019

Affordable Housing Requirement Discussions - Multiple

Planning Application Revision Submitted - October 12, 2018

Planning Application Response from City - September 10, 2018

Planning Application Revision Submitted - August 13, 2018

Planning Application Response from City - June 6 & 11, 2018

Planning Application Revision Submitted - March 28, 2018

Planning Application Response from City - January 26, 2018

Planning Application Revision Submitted - October 20, 2017

Planning Application Submitted - May 30, 2017

Community Meeting - March 22, 2017

Pre-Application Response from City - November 28, 2016

Pre-Application Submitted - September 29, 2016


Planning Application Completion - Q3 2019

Planning Commission Hearing - Q4 2019

Purchase Dates

April 20 & June 24, 2016


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