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.
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.
New illustrations have been revealed for BART’s proposed redevelopment of El Cerrito Plaza in El Cerrito, Contra Costa County. The images were released ahead of the El Cerrito city council meeting tonight at 7 PM. The transit-oriented project would create 750-800 new apartments ranging from market rate to low-income housing. Holliday Development, Related California, and SAHA are responsible for the development.
BART has announced that they have picked two developers to form a joint venture for 780 new residences around the El Cerrito Plaza BART Station, with 49% units as affordable, and a public library. Related California and Holliday Development were chosen. The joint venture now must negotiate the terms of agreement with BART to start the two-to-three-year process of producing a development concept.