Planning permits have been filed to convert a three-story office into a mixed-use complex at 1800 3rd Street in Downtown Sacramento. The renovation will produce over a hundred homes and retail to the full-block structure. Heller Pacific and Hines are jointly sponsoring the project.
Hines has revealed plans for a new ten-acre apartment development at Natoma Fountains in North Natomas, Sacramento. The development will replace a vacant parcel close to several retail centers with over three hundred homes. Hines is partnering with MBK Rental Living to manage the site and amenities.
The initial environmental review has been published for a new warehouse proposal at 644-675 Piercy Road in southern San Jose, Santa Clara County. The plan will merge two mostly vacant parcels spanning nearly 16 acres for a new warehouse. Texas-based developer Hines is responsible for the application.
Hines has reportedly halted plans for the 39-story office tower at 415 20th Street in Downtown Oakland, Alameda County. The proposal would have become the tallest structure in the Bay Area outside of San Francisco, but the struggling real estate market has pushed the prominent developer away. Now, the site is being offered as a future home for a new BART Police Headquarters.
Permits are approved, and construction was expected to start two years ago, but now the site remains undisturbed while the project developer has received an extension for two loans totaling $80 million. Both JPMorgan Chase Bank and United Overseas Bank have pushed the deadline for Hines through October for two $40 million loans pertaining to the 61-story proposal at 550 Howard Street in SoMa, San Francisco. If built today, the mixed-use tower could become the fourth tallest tower in the city.
