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10/24/16
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Pacific Pointe, the first 100% affordable housing development in the San Francisco Shipyard, has officially opened to the public. The 60-unit project is a development of Young Community Developers, a non-profit that serves the Bayview Hunters Point community, and AMCAL Multi-Housing, a leading affordable housing developer.
Located at 350 Friedell Street, Pacific Pointe features modern, fully equipped apartments, many with views of the city and bay. Two four-story buildings sit atop a one-story garage that provides 45 parking spaces and 44 bike spaces.
Residents of Pacific Pointe enjoy one-, two- and three bedroom apartments with many onsite amenities, including four community rooms and lounges, laundry facilities, a common space kitchen and secured parking. The project provides outdoor public spaces common to market rate apartments such as a rooftop open-air deck and landscaped courtyards. The site is close to the Third Street light rail line, Muni bus line, a bicycle route, India Basin Shoreline Park and Hilltop Park, Hunters Point #2 School, and the city’s Southeast Health Center.
Pacific Pointe is already 100 percent leased to households earning no more than 50 percent of the San Francisco median income. The project was developed in cooperation with the San Francisco Office of Community Investment and Infrastructure and is part of the inclusionary affordable housing in FivePoint’s (formerly Lennar Urban) redevelopment of the 638-acre Shipyard, the largest redevelopment effort in San Francisco history.
Lennar provided a $10 mil construction subsidy and the site infrastructure for the new affordable community. Bank of America is the lender and tax-credit investor for the project.
The design by David Baker Architects and INTERSTICE Architects is contemporary with exterior architectural elements that vary in size and color to create a distinctive and memorable façade for the structure. The corten steel “sail” pays homage to Hunters Point’s history as a shipping community. Sustainability played an important role in the design and construction of the building. Pacific Pointe achieved GreenPoint Rated status.
The master plan for the San Francisco Shipyard and adjacent Candlestick Point includes 12,000 homes, 3 msf of office space, an urban outlet center, local retail, restaurants, a theater and performing arts space. Plans are in place to create 326 acres of parks and open space at the sites.
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