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.
A new residential project has been proposed for development at 409 South Second Street in Downtown San Jose, Santa Clara County. The project proposal includes the construction of a new 30-story high-rise apartment tower. Canadian developer Westbank has partnered with the local real estate firm Urban Community as the project developers. James K.M. Cheng Architects is responsible for the design, with Steinberg Hart operating as the architect of record
