The developer, Legacy Partners Residential, Inc., has submitted an application on behalf of the property owner, Sam Trans, to redevelop the property into a "Transit Village", which is a development involving mainly residential uses and some retail uses, and a multi-modal transit center situated south of the historic depot. The project application was first submitted in May 2007. After incorporating feedback and analysis from the City, community members, and others, the applicant submitted updated plans in April 2009.The main elements of the project include:

• Housing: 280 rental apartment units, including market rate and affordable priced apartments, with semi-subterranean parking will be housed in six 2-4 story wood frame buildings over semi-subterranean parking. The proposed unit mix includes 93 one bedroom units, 132 two bedroom units and 55 three bedroom units, in a diverse array of sizes and floor plans.
• Retail & Office Space: Approximately 14,000 square feet of upscale retail at street level and 16,000 square feet for second and third floor office space, including surface parking and retail plaza with water feature. Retail and office uses will be available in three buildings. Two buildings will be dedicated solely to retail/office space and will flank the historic Train Depot to the north and south, and a third retail space will be located at the ground level of the southernmost residential building.
• CalTrain Station: The project includes a new transit center at the south end of the site. The Transit Center will provide the same number of parking spots as currently exist (226) and will include dedicated areas for shuttles, buses, and taxis. It will also include a kiss-and-ride area that can be used to accommodate valet parking during non-peak transit hours. While shuttles will continue to operate on the east side of the station, the creation of dedicated spots within the new transit center will accommodate any new shuttles, thus reducing the potential future impact of shuttles on the east side. The Transit Center will require a new signalized intersection at Cherry Street, which will require Caltrans approval. These diverse uses will be supported by a destination outdoor plaza and will provide semi-subterranean and surface parking for residents, visitors, and commuters.