A new funding milestone has been announced for Freedom West 2.0, a master plan to right the wrongs of 20th-century urban redevelopment in San Francisco’s Fillmore District. The $27 million secured to date comes a month after a new state bill has created a new pathway to finance the project. The development team includes MacFarlane Partners and Avanath Capital Management.
The development team tells YIMBY that construction will start next week for the eight-story apartment at 2480 Bancroft Way in Southside, Berkeley. The Edge, as it is called, will overlook the UC Berkeley Campus by the busy Telegraph Avenue intersection. Ruegg & Ellsworth is the project developer.
Preliminary plans have been filed for a new eight-story residential development at 2450 and 2480 Shattuck Avenue in Downtown Berkeley, Alameda County. The application is the first glimpse at a mid-rise complex that would replace two low-slung commercial structures. Gordon Commercial Real Estate Services, one of the city’s largest property owners, is responsible for the application.
A New York City-based private equity firm has purchased the 13.3-acre property at 3905 Freedom Circle in Santa Clara. Greystar, the former owner, has secured approval for a 1,075-unit residential development across the property. Cerberus Capital Management, the new owner, is a multibillion-dollar investment firm chaired by a former US Vice President.
New elevations have been published for the double-tower proposal at 655 4th Street in SoMa, San Francisco. The project is one of the largest in the city’s pipeline, aiming to create over a thousand apartments on 1.6 acres directly across from Caltrain’s San Francisco Station. Tishman Speyer, the same company behind the nearby Mission Rock master development, is the project sponsor.
