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May 20, 2024
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San Leandro Res Project Lands $69 Mil in Construction Money


Centro Callan, a brand-new, luxury mixed-use apartment project slated for development in San Leandro, is set to move forward after landing $69 mil in construction financing. The project is being developed by The Martin Group, Sansome Pacific Properties and STARS REI.

Centro Callan will offer 196 multi-housing apartments in a five-story building that will also include 31k sf of ground floor retail anchored by Sprouts Farmers Market.

The community will offer a mix of studio, one-, two- and three-bedroom units, all outfitted with quartz countertops, backsplash, stainless steel appliances, full-size washers and dryers, wide plank flooring, kitchen islands, smart access control and oversized patios and balconies in select units. The building amenities include 20k sf of open space along with a dog park, dog wash station, chef’s entertaining kitchen, clubroom with televisions, indoor phone booths and conference rooms, outdoor work pods, outdoor barbeques and televisions, outdoor game area and a secret garden.

Brandon Roth, Spencer Bergthold and Elijah Lax with JLL Capital Markets arranged the floating-rate construction loan. It was funded through Principal Real Estate.

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