Strada has filed a preliminary project assessment permit for a 347-foot tall mixed-use tower with affordable housing at 395 3rd Street in SoMa, San Francisco. The application comes as breaking news for a previously unreported project. If approved as is, Strada would add 559 new units to the city’s housing market. According to planning documents, construction is estimated to cost $200 million.
The City of Oakland’s Design Review Commission is scheduled today to review plans for a substantial twin-block development surrounding the Lake Merritt BART Station in Downtown Oakland. The two blocks at 51 9th Street and 107 8th Street will create half a million square feet of new office space, retail, community amenities and contribute hundreds of new apartments to the Oakland housing market. Strada Investment Group and the East Bay Asian Local Development Corporation are jointly responsible for the development.
Development plans are under consideration for the adaptive reuse of 48 Stockton Street, i.e., the Barneys Building, in Tenderloin, San Francisco. The proposal is to convert the existing retail hub to part-retail and part-offices across from 2 Stockton, 100 Stockton, and Union Square. Strada Investment Group is the sponsor responsible for the development.
Construction permits were filed seeking approval of a mixed-use residential building with 500 dwelling units on 555 Bryant Street in the South of Market district, San Francisco. The project proposal includes constructing a residential building with 125 accessory parking spaces, three basements, and some retail space.
The San Francisco Port Commission has paved the path for Strada Investment Group and Trammell Crow to develop Piers 30-32 in SoMa, San Francisco. The Port commission granted of right for exclusive negotiating to the joint development team and gave a four-month window for them to drop the project without a fee. The development is expected to raise $1.18 billion in private investment for construction, which excludes the cost of funding for the 150-unit affordable residential building.
