The general project was approved by the City Council in February. It will include offices, multifamily and senior housing, a hotel and a restaurant. There will be a vote in June to get community approval for an above-grade parking garage and 500-room, seven story hotel.
In addition to the hotel and parking garage, the project features 210 multi-family residential units, 190 senior housing units, 300,000 sf of office space and a two-acre community park. A grant program from the state will offset some of the project costs because the development is designed to make use of public transportation and is within blocks of a planned BART (Bay Area Rapid Transit) station.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.