A rendering of The Well at Sunset in Livermore, CA.
LIVERMORE, CA—Mana Investments and Hunter Street Partners report they plan to redevelop the vacant Sunset Office Plaza here into a mixed-use property. Construction on the project is expected to begin in early 2019.
The partners say the redevelopment plan calls for the office plaza to be converted to medical and “creative” office space that would support lifestyle uses, such as senior housing. Upon completion the project will be called “The Well at Sunset.”
The 78,747-square-foot office complex features 10 single-story office buildings on nearly 13.5 acres of land. Mana and Hunter plan to significantly enhance the existing office buildings while introducing supporting uses such as a coffee shop, juice shop, yoga studio, restaurant, pharmacy and tutor center within six of the buildings. An additional four buildings are being proposed as a senior housing development by The Wolff Company, a private equity firm headquartered in Scottsdale, AZ, with offices in Washington, Massachusetts, and California.
Mana Investments is based in Carlsbad, CA. Hunter Street Partners maintains its headquarters in Minneapolis. Both are alternative investment management firms. No development cost for the project was released.
“We couldn't be more excited to breathe new life into the property and create something special for residents in the area to enjoy again,” says Orville Power, managing partner for Mana Investments. “The Well at Sunset will fill a need in the neighborhood and surrounding area, and we're proud to be a part of this vibrant change in the City of Livermore.”
Redevelopment plans within The Well at Sunset also include updating a variety of architectural elements with an agrarian theme and enhancing landscape and outdoor features. The approach includes developing an outside office concept and pediatric play area for visitors of the center's medical office. Upon approval of the senior housing plans, five-acres of existing open space will also be significantly enhanced and preserved, the Mana-Hunter Street partnership reports.
“Nationwide, and in places like Livermore, there is an underserved and growing market of renters aged 55+ looking for a convenient, upscale, lock-and-leave lifestyle,” says Mike Milhaupt, VP of senior development for The Wolff Co. “Revel Livermore will give prospective residents a higher quality senior living option where choices have previously been limited.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
