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Strada Investment Group

SMU Campus building at 525 12th Street, rendering by Perkins&Will

Construction Financing Secured for Samuel Merritt University Expansion

Samuel Merritt University has secured a $139 million bond for constructing their proposed ten-story central campus at 525 12th Street in Downtown Oakland, Alameda County. Along with the bond, SMU is investing $120 million. The over quarter billion dollar investment keeps SMU on schedule for groundbreaking later this year, having received approval in November. Strada is the project developer.

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Tanforan Mall Redevelopment as seen from the San Bruno BART entrance, rendering by Gensler

Meeting Today for Tanforan Mall Redevelopment Project in San Bruno

The preliminary project application will be reviewed today with the San Bruno City Council. The 44-acre masterplan led by Alexandria Real Estate Equities will reshape the existing BART-connected mall with new retail, homes, and a life science campus. The plans have been able to move ahead since Alexandria purchased the final necessary parcel of land in February of this year. The total cost for the 44-acre San Mateo County campus was just under $330 million.

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