Alphabet has provided vital financing for a planned affordable housing project at 280 McEvoy Street in West San Carlos, San Jose. The funding comes through Google Endeavor LLC, a lending subsidiary. This comes after Housing Trust Silicon Valley took out a $15.8 million loan to acquire the parcel in 2018, setting a record for the two-decades-old organization. First Community Housing is managing the McEvoy Apartments development.
Permits have been filed for a four-story addition at 2750 Geary Boulevard by San Francisco’s northwestern Richmond District. The project will expand capacity for 79 units to 99 for the existing tenant, Sagebrook Senior Living at San Francisco.
Discretionary review permits have been filed for a proposed new building at 3145 Jackson Street in San Francisco’s Richmond District, bordering Pacific Heights. The development will expand the area from the existing two-unit structure, known as the Blair Residence.
Reporting by the San Francisco Business Times reveals that Oceanwide Holdings have paused construction for the much-anticipated Oceanwide Center at 50 1st Street in SoMa, San Francisco. While crews have recently completed the foundation, this announcement makes clear that the structure will not be rising soon. Once resumed, it becomes the second tallest building in Northern California and fourth tallest in the state.
Permits have been filed for a residential expansion at 1612 P Street, right near the border of Midtown and Downtown Sacramento. The project will add 23 new apartments beside a five-year-old building named the 16 Powerhouse. Demmon Partners are responsible for the addition after purchasing 16 Powerhouse for $32.5 million and the underdeveloped parcel at 1612 P for just under $1.5 million.
