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June 16, 2021
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Legacy Partners and American International Group to Build 97-Unit Res Project in Hayward


A joint venture between Legacy Partners and American International Group Inc has acquired a 1.78-acre development site located at 28168 Mission Blvd in Hayward. The partnership will use the East Bay site for the development of a mixed-use project called Legacy@Hayward.

Legacy@Hayward will include 97 apartment units and 1.7k sf of retail space, all within walking distance of the South Hayward BART Station. The res units are being designed and built by Katerra, a construction technology company, headquartered in Menlo Park.

Katerra’s design approach links standardization with customization, providing efficiency of manufacturing standard products, without sacrificing design freedom. Katerra will use building components produced at its Tracy facility in the development. Units at Legacy@Hayward range from one- to three-bedrooms averaging 883 sf per unit.

Expected to open in April 2020, the property is located 0.3 Miles from the South Hayward BART Station and 3.1 Miles to the San Mateo Bridge. The community’s high-quality finishes and range of amenities are comparable to finishes typically found in the Bay Area’s condominium market.

Legacy@Hayward’s units will feature oversized unit patios and decks, movable kitchen islands, built-in closet organizers, stainless steel appliances, pocket doors, and solar shades. In the common areas, residents can enjoy a media room and kitchen, conference room, fitness center with yoga studio, pool and spa, an outdoor lounge area with fire pits and grill area, bike storage and repair room, electric vehicle parking, and an outdoor Skydeck with west facing views.

The seller, a private family, was represented by Kidder Mathews multifamily investment broker Matthew Clark. BMO Harris Bank has provided construction financing for the project.

“This will be the second market-rate apartment property to be built in Hayward since the Great Recession,” said Clark. “As employment remains strong in the Bay Area, there remains a need for housing projects across all markets.”

This year alone, Legacy Partners has developed and delivered more than 1,385 multifamily units in communities across the country, making 2018 one of their most active years.

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