Development permits have been filed, and renderings revealed, for a new mixed-use building at 2700 International Boulevard in Fruitvale, Oakland. The 72-foot structure will yield 100,385 square feet, of which 57,298 square feet will be dedicated to the 75 apartments on-site, all of which are to be sold as affordable housing. The Bay-Area based Unity Council is responsible for the development.
New design permits have been filed for 1220 H Street in Downtown Sacramento, a planned mixed-use building with adaptive reuse of a brutalist facade. The alteration brings 28 new units, making this a 137-unit development. Cliff Orloff of Orloff Property Management Inc. is responsible for the development.
1888 MLK, a new six-story residential development, has broken ground at 1888 Martin Luther King Jr Way in Downtown Oakland. Once complete, the surface parking lot will be replaced with 88 modern studio apartments. Prefab Logistics is partnering with Oakland-based architecture firm Baran Studios for this urban in-fill project.
A recent site visit by SF YIMBY has shown that the fourth and final expansion of the Trinity Place residential block in SoMa is nearly complete. The exterior has been almost entirely sealed up for 1177 Market Street, though scaffolding remains in the Market street portal through the building to the courtyard. Whole Foods will be an anchor tenant for the project, opening up its largest store in the city. San Francisco-based Trinity Properties is responsible for the development.
Singapore’s Ascendas Real Estate Investment Trust, or Ascendas REIT, recently purchased two buildings in San Francisco for $572 million. Alexandria Real Estate Equities (ARE) and TMG Partners are on the other end of the move, parting with their partnered ownership of 505 Brannan Street and 510 Townsend Street in the SoMa neighborhood. This transaction follows the pair’s recent success in selling the 945 Market Street mall to Ikea. The deal marks Ascendas’ introduction to the Bay Area real estate market.
