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DEVELOPER ACTIVITIES

Completed Projects

In the Works

Financing Practices

In the Works

The following projects are currently in pre-development or under construction:

Opportunity Center, Palo Alto, CA

Anticipated Completion:  December 2005

Fairgrounds Project, San Jose, CA

Anticipated Completion:  July 2006

 

 

Opportunity Center, Palo Alto, CA

Anticipated Completion:  December 2005

The Opportunity Center will be a unique, mixed use facility that combines 89 units of extremely low income housing with an on-site multiple service center for the homeless and those at risk of becoming homeless.  This new construction project has won praise from the City of Palo Alto's demanding Architectural Review Board for its innovative design which provides a warm, welcoming and safe environment for diverse populations - residents (both singles and families) and drop-in day center clients.

The building consists of five stories with two levels of underground parking (a total of 43 parking spaces).  The 89 units of housing will be built on the four upper floors over the ground floor service center.  The housing consists of 70 efficiency units for singles, 12 one bedroom and 6 two-bedroom units for families, and a one-bedroom manager unit.

The single tenants will have minimal contact with the families, as the building is designed with separate elevators, hallways and common areas for the different types of tenants.  All units will be furnished, including carpeting and mini-blinds.  The family units will include a bathroom, small living room and full kitchen while the efficiency units will include a bathroom and kitchenette.  The efficiency tenants will also have access to a community kitchen with a common dining area for more complete meal preparation and opportunities to socialize.

A multiple service center located on the ground floor of the building will have an open reception area (separated from the residential lobby), a small kitchen and eating space, a classroom/computer lab, staff offices, consultation rooms, showers for men and women, laundry, a clothes closet, and an outdoor patio area.  This service center will be funded and operated separately from the upper floor residential units, although tenants of the upper floors will have access to these services as well.

Vehicular entrance to the site is on Encina Way, one half block west of El Camino Real, which is a major public transit and vehicular corridor.  The nearest bus stop is one block south at the Town and Country Shopping Center.  The site is also convenient to alternative modes of travel, including Caltrain, bicycling and walking.  An existing public bicycle/pedestrian path which runs within a half block of the site is soon to be connected via a railroad undercrossing to the heart of downtown Palo Alto.

 

 

Fairgrounds Project, San Jose, CA

Anticipated Completion:  July 2006

Two achievements - the April 6, 2004, approval by the Santa Clara County Board of Supervisors of a long term Option to lease a portion of County-owned land, and the approval on April, 13, 2004, of a $8,378,000 construction loan by the City of San Jose - are permitting the Housing Authority to continue design and pre-development work on its Fairgrounds Family project in San Jose.

Located on an approximately 11.4 acre site, on land that was formerly occupied by the County Fairgrounds, this 300-unit affordable family project is being developed as a joint venture with ROEM Development Corporation, and is proposed to be part of the larger 561 unit Fairgrounds project which, if fully realized, will also include a 201-unit affordable senior project and 60 for-sale, first-time buyer townhouses.

The Housing Authority portion of this project includes 130 units of one-, two- and three-bedroom walkup flats, which are to be built in four three-story buildings over a shared parking podium which will contain parking for the 130 Housing Authority units, as well as parking for the 170 affordable units to be built by ROEM Development Corporation.

All residents of this project will enjoy access to generously proportioned landscaped open space on top of the parking podium, which will include a swimming pool, children’s play areas, BBQ facilities and open space for walking and sitting.  Additional shared common space, including a fitness facility and meeting rooms, will be contained within the main entry to the project in one of the two four-story, elevator serviced, ROEM buildings.  Monthly rents and approximate unit sizes for all 300 units are listed below:

One BR units:  660 sq ft     Rent: $851

Two BR units:  875 sq ft     Rent: $1,011-1,085

Three BR units:  1,025 sq ft   Rent: $1,325

All units will contain fully-equipped kitchens including refrigerators, dishwashers, garbage disposals and gas stoves/ranges; washer/dryer hook-ups will be provided in each unit.  Each unit will contain approximately 60 square feet of private open space in the form of a patio or balcony.

Construction for this project is anticipated to begin in October 2004 and continue for 21 months, with a projected occupancy date of July 2006.

 

 

 

 

Last modified 04/15/2008