Financing has been secured for proposed affordable housing at 802 South First Street in San Jose, Santa Clara County. The joint venture responsible for the six-story project has agreed to a $66 million loan with PNC National Bank. Construction is expected to start in the fall of this year.
Zoning permits have been filed for the 18-story apartment complex to rise at 2276 Shattuck Avenue in the heart of Downtown Berkeley, Alameda County. The project will bring a dense residential addition to the small quarter-acre parcel. Vindium Real Estate is the developer and applicant.
The Sacramento City Council is scheduled to vote today on funding an affordable rental project at 815 11th Street in Downtown Sacramento. The city aims to provide roughly a quarter of the projected development cost to Humboldt County-based affordable developer Danco Communities. Danco is aiming to bring 52 units to a small lot.
Construction has started for the $4.3 billion UCSF Parnassus Heights Hospital expansion in San Francisco. The official groundbreaking ceremony was held over a month ago, and foundation work is now underway. Once complete, the 15-story medical center will offer hundreds of new patient beds and care units.
Preliminary plans have been filed utilizing new state laws for the hillside property at 134-150 Porter Street and 113-115 Roscoe Street on the southern edge of Bernal Heights, San Francisco. The project will bring over two dozen rental apartments to the site between three structures, significantly more than initial plans for just seven homes. Schaub Li Architects is responsible for the application and design.
