Construction officially started yesterday morning on the first apartment complex in the ambitious Potrero Power Station masterplan on San Francisco’s formerly industrial waterfront. The first structure to rise will be an affordable workforce housing complex named the Sophie Maxwell Building, with expectations of over seven hundred units to rise with it during the first phase of development. Associate Capital is the project developer.
New renderings have been revealed alongside environmental review documents for a proposed hotel at 425 South Winchester Boulevard by Santana Row, San Jose. A preliminary application was filed last year, but the new plans provide a detailed glimpse into how the gas station could be replaced with a seven-story infill. KT Urban is responsible for the application.
Lenders have taken over property ownership of 500 Kirkham Street in West Oakland, Alameda County. Back in 2019, the city approved plans by Panoramic Interests for a mixed-use complex with 1,032 units plus retail across a 32-story tower and two mid-rises. However, the developer struggled to get financing for the project during the pandemic and defaulted on its $6.25 million loan for the city earlier this year.
New leasing activity has come for Bay West Development’s 550 East Brokaw Road property in San Jose, Santa Clara County. Supermicro Computer, a San Jose-based information manufacturing firm, has signed a new lease for just over 124,000 square feet. Bay West has yet to reply to a request for comment.
The City of San Jose has published the initial environmental study for a 23-story student housing tower at 100 North 4th Street in Downtown San Jose, Santa Clara County. The property would create 1,424 beds near the San José State University campus. Investor Brent Lee is responsible for the application, and Republic Urban is the developer.
