Meridian was the first phase to be constructed of an urban master plan at the intersection of Highway 380 and El Camino Real. A density of 120 units per acre was achieved on the net acreage, and the project was built in 5 stories with metal stud framing and a 7-story above-grade garage completely hidden from the project's surroundings. Accessible by BART, CalTrain, SamTrans and the San Francisco International Airport, the project included amenities never seen before in its market place. The state-of-the-art community center, named The Club at The Crossing, included a private theatre, fitness center, business center, catering kitchen and an enclosed lap pool and spa with retractable roof. While as luxurious as any project in the area, 20% of the units were made available at affordable levels to families in the county who were in the 50% and 60% income brackets.

The project was made possible through the California Debt Limit Allocation Committee's (CDLAC's) bond program with nearly $70 million of bond proceeds. Project sponsors include the City of San Bruno, its Redevelopment Agency, the Association of Bay Area Governments (ABAG) as bond issuer, Newman & Associates as investment bankers, CalPERS through MacFarlane Partners as equity partner, Union Bank as construction lender and Fannie Mae through GMAC Commercial Mortgage as the permanent lender.