Construction is expected to start early next year for the affordable housing project at 470 South Market Street in Downtown San Jose, Santa Clara County. The Gateway Tower team has secured millions of dollars in city and county funding to pursue the 15-story project, with the majority of financing provided by JPMorgan Chase Bank. The Core Companies is sponsoring the project.
The grand opening ceremony has been held for Sophie Maxwell Building, a corten steel-clad eight-story affordable housing complex at 1212 Maryland Street in Potrero Power Station, San Francisco. Fifth Space, formerly Associate Capital, is responsible for the Potrero Power Station redevelopment. The first residents are expected to move in at the start of November.
Crews have completed demolition of University Hall and its annex building at 2140 University Avenue in Downtown Berkeley, Alameda County. Our recent site visit shows the parcel is currently graded in preparation for the first of two phases to rise for the UC Berkeley Innovation Zone development, the six-story Bakar Labs for Energy & Materials.
The project team gathered late last week for the ceremonial grand opening of the Kelsey Civic Center at 240 Van Ness Avenue in San Francisco. Doors are now open for the 112 units of affordable housing above a Disability Cultural Center. The development is a joint venture between Mercy Housing and The Kelsey.
New affordable housing has officially opened at 2121 Wood Street in West Oakland, Alameda County. The project team and local politicians gathered for a ceremonial ribbon-cutting event at Prescott Station, a six-story apartment complex with over two hundred units and commercial retail space overlooking the Oakland Ballers ballpark. Turner Impact Capital was the project developer.
