EMERYVILLE, CA—Slowly but surely, more affordable housing is beginning to find its way into Bay Area developments. Estrella Vista, a new transit-oriented mixed-use 86-unit residential development at 3706 San Pablo Ave. in downtown partially answers the demand for more family-friendly housing near transit.
The new $64 million multifamily rental community will provide apartment homes, some as large as four bedrooms, to households earning 30 to 60% of Alameda County's area median income. Completion is slated for September 2019.
“We recognize that California, specifically the Bay Area, has been in a housing crisis for a while,” said Mary Murtagh, president and CEO of EAH Housing. “The last new affordable community EAH built in the Emeryville/Oakland area had over 5,000 applications for 100 apartment homes. To get to this point, everyone worked hard. KTGY and EAH Housing are proud that hundreds more people, including children and seniors, will soon have an affordable place to call home at Estrella Vista.”
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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.
