Development boomed
If there is a Bay Area city that saw more real estate development action per capita in 2017, we would like to know about it. Consider…
Between February and December, the City Council approved five new residential and mixed-use projects worth well in excess of a half-billion dollars in new investment. The projects promise to both transform downtown into a new neighborhood and give new life to several vacant properties that have been sources of nuisance complaints.
Maple and Main will deliver 192 market-rate apartments and 48 priced affordably to very low-income households at the former Bryman College site. Lincoln Landing is bringing 476 market-rate apartments to the former Mervyn’s Headquarters, while Mission Crossings calls for 142 townhouse-style condos and an extended stay hotel at the site of a former Ford dealership. Redevelopment of the old Haymont shopping center should produce 35 new townhomes for sale and another 38 apartments for rent. Mission Seniors, at 29308 Mission Boulevard, will be a 200-unit gated condominium community for buyers age 55 and up.
Additionally, in April, the city celebrated the opening of an award-winning, jointly developed, transit-oriented residential project by for-profit builder AMCAL Equities and nonprofit Eden Housing. The developers teamed up to deliver 206 market-rate apartments, and 150 senior and family units rented at below-market rates right next-door to South Hayward BART Station.
Then, as 2017 drew to a close, the Council authorized City Manager Kelly McAdoo to enter into exclusive talks with Healthcare Development Partners of Chicago for redevelopment of 11-story City Center Tower and the adjacent former Centennial Hall site for potential residential, office, and hotel and conference uses. Stay tuned…
