The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 18, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Trio of New Res Communities Get Underway in Hayward

10/02/15

Three new residential communities have broken ground at two developments on the site of the former South Hayward BART overflow parking lots in the Bay Area city of Hayward. Eden Housing is the developer of one of the projects – consisting of two affordable communities located off of Mission Blvd that will provide in total 151 affordable apartments near the South Hayward BART station. AMCAL Equities is the builder of the other development, a market-rate community of 206 luxury apartments off of Dixon St, adjacent to the BART station. The developments received transit-oriented development (TOD) grants from the California Department of Housing and Community Development.

“These developments are milestone achievements for the City of Hayward because they represent the principles and values of our community: inclusiveness, perseverance, sustainability and imagination,” said Hayward Mayor Barbara Halliday. “The South Hayward BART Communities have been in the making for many years and we are so grateful to the many partners who helped make them happen, especially Eden Housing and AMCAL.”

The Eden Housing development is known as the South Hayward BART Family & Seniors Communities. These two affordable rental communities will be made up of adjacent five-story standalone buildings sharing a common courtyard, and will provide 87 affordable rental apartments for families and 64 affordable rental apartments for seniors, age 62 or better. Residents will have annual incomes between 30 percent and 50 percent of the Alameda County area median income. For a family of four, this translates into household incomes between $27,850 and $46,450 respectively.

“With available housing in short supply, especially affordable rental housing, these two transit-oriented developments will be a great benefit to hundreds of East Bay families and seniors,” said Senator Bob Wieckowski, a member of the Senate’s Transportation and Housing Committee. “The collaboration among Eden Housing, AMCAL Equities, the City of Hayward, BART, state and federal agencies, and the private sector, demonstrates a commitment to smart growth. The Legislature’s approval of two key affordable housing financing bills (SB 35 and SB 377), gives Governor Brown the opportunity to expand access to more affordable housing in California.”

The South Hayward BART Family & Seniors Communities will include a 10k sf shared courtyard with a large playground, community gardens, and a spacious BBQ area with picnic tables. Both communities will each have a computer center and a large community room, and the building for seniors will have a fitness and health center. Through Eden’s free Resident Services, residents will benefit from technology training, financial literacy classes, energy and water use efficiency education, health, wellness, and safety programs.

This $53.5 mil development is being built using the latest “green building” techniques and materials, and incorporates a number of green features designed to ensure its long-term energy efficiency and sustainability, such as a photovoltaic system that will power 80 percent of the common areas’ electricity and a solar thermal system for domestic hot water heating. The apartment homes will be energy-efficient and utilize low-flow plumbing fixtures to reduce the amount of water used. The buildings will be certified with a GreenPoint Rating of 149 and designated as EnergyStar buildings, which will be 28 percent more efficient than California energy standards (Title 24).

The South Hayward BART Family & Seniors Communities is financed with state and federal Low Income Housing Tax Credits with financial support from the City of Hayward and City of Hayward Housing Authority, Wells Fargo Community Lending & Investment, California Department of Housing and Community Development, the County of Alameda, Federal Home Loan Bank of San Francisco, California Housing Finance Agency, and California Community Reinvestment Corporation.

AMCAL’s development is known as Cadence, named after the street that will connect Mission Blvd and Dixon St. The 206-unit luxury apartment community will feature one- and two-bedroom market-rate apartments and amenities including a state-of-the-art fitness center with separate yoga room, a resident lounge, luxurious pool and spa deck, clubhouse, business center, pet spa, self-service bike parking and repair, and package concierge service.

Eden Housing’s 151-unit affordable rental development is situated on 1.44 acres and is expected to be completed in May 2016. AMCAL’s 206-unit, $68 mil market-rate development is situated on 2.9 acres and is expected to be completed in January 2017. The architect is BDE Architecture and the general contractor is James E. Roberts-Obayashi Corp. for both the affordable and market-rate developments.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media