Lane Partners has sold the vacant parcel at 500 South Almaden Boulevard in Downtown San Jose to Satellite Affordable Housing Associates for $1.3 million. The sale brings SAHA closer to building dozens of new dwelling units for the San Jose housing market, directly across from the future construction sites of 253 and 280 Woz Way.
Construction has officially started on the Potrero Power Station development in Dogpatch, San Francisco, following yesterday’s groundbreaking ceremony. With Mayor London Breed in attendance, the event marks the beginning of a 29-acre redevelopment that will open up a portion of the city’s eastern waterfront to the public with 5.3 million square feet of offices, housing, and retail around public parks and transit featuring designs by Foster + Partners and Herzog & de Meuron. California Barrel Company of Associate Capital is responsible for the development.
Construction is nearing completion at 88 Broadway and 735 Davis in North Beach, San Francisco. The development will soon open 178 affordable housing units designated for family or senior residents. BRIDGE Housing and the San Francisco-based John Stewart Company responsible for the development.
Pre-application permits have been filed for a new affordable senior housing project at 3135 San Pablo Avenue on a double corner lot in West Oakland. Construction would add 73 new units to the Oakland housing market. Satellite Affordable Housing Associates, i.e. SAHA, is responsible for the development in partnership with St. Mary’s Center.
A new apartment complex has reached its successful completion at 1150 3rd Street in Mission Bay. The affordable housing complex is given its name in honor of the late former mayor, Edwin M. Lee, and will offer housing to unhoused veterans and low-income families. OCII, Chinatown Community Development Center, and Swords to Plowshares, a veteran-focused nonprofit worked together to develop the property. Leddy Maytum Stacy Architects, Saida + Sullivan Design Partners are the architects responsible for design and construction.
