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Luxury Apartment Development Underway

SAN FRANCISCO-Virginia-based AvalonBay Communities Inc. has broken ground on a 250-unit luxury high-rise apartment tower within Catellus Development Corp.'s master planned urban development known as Mission Bay.

By Marsha Trent | Updated on March 29, 2001

SAN FRANCISCO-Construction has started on AvalonBay Communities, Inc. luxury high-rise apartment community to be located in the master planned urban development known as Mission Bay being developed by Catellus Development Corporation.

Avalon at Mission Bay is expected to incorporate 149 apartments in one 16-story high-rise tower, 91 garden-style flats in a series of three-story buildings, 10 loft-style apartments and about 7,800 sf of retail. Upon completion the project will total 250 apartment homes. The entire project is slated for completion during the first quarter of 2003. Initial occupancy is expected late next year. Costs to complete the project are estimated at $79.4 million.

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