![\"\"](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/2025_12_19-Labeled-Night-Aerial-Render-2.jpg\")
An aerial image of 830\u2013890 Jefferson Avenue, 801\u2013885 Middlefield Road and 2107\u20132125 Broadway. Courtesy of Blox Ventures.<\/p>\nAn aerial image of 830\u2013890 Jefferson Avenue, 801\u2013885 Middlefield Road and 2107\u20132125 Broadway. Courtesy of Blox Ventures.<\/p>\n
The San Francisco commercial real estate firm Blox Ventures acquired a lively block in Downtown Redwood City for nearly $50 million from DWS Asset Management, who owned the property since 2006.<\/p>\n
The purchase comprises 200,000 square feet of restaurants, including UCSF Health, Century Theatre, Five Guys, Vitality Bowls, and other retail stores; office space; and land at 830\u2013890 Jefferson Avenue, 801\u2013885 Middlefield Road, and 2107\u20132125 Broadway. Blox Ventures said in a press release that the acquisition was motivated by an investment in \u201cdynamic, well-located communities with strong long-term growth potential.\u201d<\/p>\n
\u201cSuccessful downtowns are shaped over time,\u201d the chief executive officer of Blox Ventures, Jason Oberman, said. \u201cBlox Ventures\u2019 vision focuses is to preserve the district\u2019s existing character while strengthening its role as a walkable destination of small storefronts, local food purveyors, and everyday services.\u201d<\/p>\n
The real estate firm, which purchased the property for $46 million, intends to \u201cenhance\u201d landscaping for outdoor dining and gathering, according to the press release, and to add a playground to foster a \u201ctimeless, family-oriented community environment.\u201d<\/p>\n
The property is surrounded by employers such as the Chan Zuckerberg Initiative, McKinsey and Box, which appealed to Blox Ventures for the accessibility of promoting a \u201cwork\/play balance\u201d and bolstering \u201chealthy living and long-term vitality,\u201d the release states.<\/p>\n
Past projects by Blox Ventures in the area include the Emeryville Public Market, First Republic\u2019s Silicon Valley office hub in Palo Alto, a venture capital workspace in Menlo Park, a three-building research and development and office campus in Mountain View and \u201cThe Rails,\u201d where Google\u2019s Waymo autonomous vehicle campus and Google X live.<\/p>\n
Blox Ventures was founded in 2015 and has since repositioned over six million square feet of real estate valued at over $3 billion, according to the company, and seeks to create \u201clong-term value for communities and investors.\u201d<\/p>\n