Construction has topped out for the new six-story office infill at 531 Bryant Street in SoMa, San Francisco. With concrete reaching its peak, the first pieces of the facade can be spotted wrapped around the second floor. The project is being developed by Urban Land Development with financing from Washington Capital.
Less than a week after the official groundbreaking ceremony, JLL announced a $310 million construction loan brokered with Longfellow Real Estate Partners for Avia Labs, located at 210 Adrian Road in Millbrae, San Mateo County. Excavation has already started for what will become the six-story life sciences project across from Millbrae Station. Otera Capital has provided the loan.
Construction has started for a five-story mixed-use addition at 100 Callan Street in Old San Leandro, Alameda County. Once complete, the structure will contain nearly two hundred homes, a Sprouts grocery store, Union Bank, and other retail space. The project is a joint venture with the Martin Group, Sansome Pacific Properties, and STARS REI.
Construction financing has been secured for the 189-unit residential development at 85 Cleaveland Road in Pleasant Hill, Contra Costa County. The project has received $94.3 million arranged by JLL Capital Markets with Gemdale USA, Bank OZK, and AvalonBay Communities.
Recent permit activity shows plans are moving ahead to entitle a Life Sciences building at 2900 Harbor Bay Parkway in Alameda, Alameda County. The project would reshape a vacant 5.5-acre plot of waterfront land with a Research and Development building rather than the existing entitled plans for a Marriott Inn hotel. JLL is responsible for the property’s marketing.
