SAN FRANCISCO–As a follow up to a recent article, Eviva Mission Bay is underway and now includes an affordability component. The apartment community of 129 units with 103 market-rate units and 26 below-market-rate units will be available to affordable to moderate-income residents earning 90% of the area median income.
Egbert Perry, chairman of developer, Integral, tells GlobeSt.com:
“Eviva Mission Bay is a transformational mixed-income project, providing quality housing for the work force and the broader market in one of the most housing-constrained communities in the United States. Integral is committed to creating value in cities and rebuilding the fabric of communities, and we're proud to collaborate with our public-sector partner, the city of San Francisco office of community investment and infrastructure, to develop this apartment community.”
The property is well positioned in the market with convenient access to downtown San Francisco and the many amenities of Mission Bay. Additionally, this property is a short muni ride to the financial district and steps from the Caltrain station. Packaged concierge services, including security, also come standard for the Eviva Mission Bay apartment community.
“It is the first large-scale project to provide moderate-income, inclusionary housing units in a market-rate project in the city of San Francisco. Teachers, firefighters, health care workers, recent college graduates, young families and other members of San Francisco's critical workforce will have a place to call home,” said Christopher Martorella, president of Integral's commercial real estate division.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
