Samuel Merritt University has secured a $139 million bond for constructing their proposed ten-story central campus at 525 12th Street in Downtown Oakland, Alameda County. Along with the bond, SMU is investing $120 million. The over quarter billion dollar investment keeps SMU on schedule for groundbreaking later this year, having received approval in November. Strada is the project developer.
New building permits have been filed for the affordable housing and healthcare proposal at 3050 International Boulevard in Fruitvale, Oakland. The five-story project will create 76 residences and a dedicated facility for the Native American Health and Cultural Center. Satellite Affordable Housing Associates is responsible for the development.
New renderings have been revealed for the five-story affordable housing proposal on Mountain View’s Lot 12 at 1265 Montecito Avenue, Santa Clara County. The project will transform a city-owned vacant building into 120 new homes for residents earning between 30-60% of the Area Median Income. Related California and Alta Housing are the project sponsors.
Planning permits remain active for a six-story residential complex proposed for 6325 Elvas Avenue in East Sacramento. The project sponsor, Tricap Development, has filed an extension for the design review approval first granted in 2019. If built, 6325 Elvas could see 283 bedrooms for student housing open up next to the Sacramento State campus.
New illustrations have been revealed and permits filed for the redesigned porte-cochère entrance for the Hilton hotel at 750 Kearny Street, located on the border of Chinatown and the Financial District in San Francisco. The exterior will be renovated once crews remove the Kearny Street pedestrian bridge. Demolition is expected to start later this year with the start of the $66 million Portsmouth Square improvement project.
