BALBOA RESERVOIR RFQ
PRESENTED TO:
THE CITY AND COUNTY OF SAN FRANCISCO
RELATED COMPANIES
SARES REGIS OF NORTHERN CALIFORNIA
CURTIS DEVELOPMENT
TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORP
BAR ARCHITECTS
1.18.2017
The Related Companies, L.P. (Related) along with our development team is pleased to submit our qualifications to design, entitle, purchase
and develop an approximately 17 acre parcel located in The City and County of San Francisco known as the Balboa Reservoir property. The
general roles of the team members are as follows:
• Related Companies - Master Developer
• Curtis Development – Co-Developer
• Tenderloin Neighborhood Development Corporation - Co-Developer, Affordable Housing • BAR Architects – Site Planning and Community Design
• The Sares Regis Group - For Sale Development and Sales
This team, who have worked together numerous times, is uniquely qualified to create the “Neighborhood Within A Neighborhood”
envisioned by the City, working with the community, in their “Balboa Reservoir Development Principles and Parameters”.
RELATED COMPANIES
At Related, we pride ourselves on transforming neighborhoods through master-planned development and collaborating with cities to ensure projects are
developed with sensitivity to the diverse voices that make up a vibrant community. Our track-record is outlined herein through relevant projects across
the country that best describe our core competencies – an ability to navigate public/private partnerships, innovation and a commitment to sustainability,
place-making through thoughtful community design and authentic architecture, financial ingenuity and the ability to execute in any capital environment,
and development of best-in-class residential and office space. Widely recognized as one of the most innovative and prolific developers in the U.S., we are
dedicated to the highest standards of art, architecture, interior and landscape design.
Founded in 1972, Related owns and operates a premier portfolio of high-quality assets valued at approximately $33 billion. Related’s portfolio is comprised of
approximately 65,000 residential units either owned or in development, including 50,000 affordable and workforce apartments and approximately 23 million
SF of commercial space. We are currently developing Hudson Yards in Manhattan— the largest private real estate development in the history of the United
States and combines all of the development disciplines Related has carefully honed.
RELATED CALIFORNIA
Related California, based in San Francisco, is the west coast operating
company for the Related Companies and has a 25-year track record
delivering best-in-class, mixed-income housing and mixed-use
developments across California. We are committed to excellence,
working with world-class architects and designers to create distinctive
new urban spaces that fit seamlessly into the fabric of existing
communities. Our developments have received numerous awards and
honors, including the Urban Land Institute Award of Excellence.
Since 1989, we have undertaken a range of transformational developments
from best in class luxury high rise residential properties to the redevelopment of obsolete public housing, spanning a broad
spectrum of urban infill, affordable, mixed-income and market
rate multi-family developments. The company has completed
more than 10,000 residences and has a track record of consistently
developing communities that represent industry benchmarks in
design, construction, sustainability and property management.
SARES REGIS GROUP OF NORTHERN CALIFORNIA
Sares Regis Group of Northern California (“SRGNC”) is a privately owned, San Mateo-based developer of high quality rental and ownership residential communities
throughout the Bay Area. We have operated as a major residential developer and investor in the Bay Area since 1992. The principals of the firm have worked
successfully in the local residential development industry for at least a decade prior to our formation. From early on, our development efforts have focused on
in-fill opportunities, close to transportation, jobs, services, and recreation. Our search for in-fill sites with such attributes has led us to undertake pioneering
residential projects that often serve as a catalyst for positive change in the larger community. To date, SRGNC has acquired or developed approximately 19,000
multi-family and residential housing units and 14 million square feet of commercial and civic properties. We
currently have a residential pipeline of over 2,500 residences of both for sale and for rent valued at over $1.5
billion and over $2.5 billion of commercial activity in the Bay Area.
We have had great success working closely with cities, redevelopment agencies, and communities to
acquire sites and develop award-winning residential communities in such places as: South San Francisco,
San Bruno, San Mateo, Foster City, Belmont, Redwood City, Menlo Park, Palo Alto, Mountain View, Los Altos,
Sunnyvale, Campbell, San Jose, Gilroy, Fremont, and Hayward. In addition to our multifamily development
expertise, we have an active multifamily investment division, a multifamily asset and property management
division, and an experienced and capable in-house general contractor. As such, we bring the perspective of an
owner, developer, investor, and asset/property manager to every project. This breadth and depth of experience
enables us to expertly manage a project from inception to occupancy and beyond - delivering exceptional
results to our residents, partners, and surrounding communities. In essence, our development projects are
our resume and legacy. This process starts with defining the opporunities and constraints presented by a
site and its environs, and then crafting a creative project concept that we can test against stated city goals
and objectives, community preferences, and programmatic and operational requirements. We engage the
community at multiple stages of the site investigation and design process, not only to understand their
ideas and sense of identity, but also to educate them about the site, residential building configurations, the
development and entitlements process, schedule, the construction process, and property operations. We
understand that to be truly successful in-fill residential developers and owners, we must create value not only
for our residents and partners, but also for the neighborhoods and communities that we serve.
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CURTIS DEVELOPMENT
Charmaine Curtis, a long-time Bay Area developer, heads Curtis Development. Charmaine has a 30-year track record of making lasting
contributions to communities throughout the Bay Area, providing housing for individuals and families at all income levels and developing
pioneering, vibrant, mixed-use urban infill projects with a strong emphasis on design.
She started Curtis Development in 2009 having built and run several real estate ventures over the past two decades. Charmaine’s real estate
experience encompasses a diverse range of multi-family, mixed-use, urban infill projects including the groundbreaking conversions of formerly
industrial buildings to lofts and the construction of housing over a full service grocery store on an entire city block. She has overseen or
otherwise participated in the development of over 7,000 units of housing, 4,000 of which she developed as the President of A.F.
Evans Development.
Most recently, she is co-developing a 162-unit apartment building
at 29th & Telegraph in Oakland, CA that will complete construction
this year and overseeing the development of two high-rise
buildings South of Market comprising 432 units of housing, of
which more than 50% will be affordable. She also worked with
Related California on the 150-unit affordable component of
Transbay Block 8 through the closing of financing in December 2016.
Charmaine’s foresight and creative vision allows her to see the
unique potential of nascent neighborhoods and how she can
contribute to and enhance their natural evolution. Curtis Development partners with the best professionals in the business to
create timeless, modern, people-centered buildings that reflect what
makes a particular site in a particular neighborhood unique, developing projects that are responsive to each neighborhood’s needs.
She combines experience, and know-how to create high quality,
cost-effective buildings while balancing financing, design and
community needs.
BAR ARCHITECTS
BAR Architects’ creates meaningful and engaging environments that enhance their context, function well for users and are cost-effective. A 95-person
architectural, interior design and planning firm, we approach each project as an opportunity to develop a compelling solution that exceeds our clients’
expectations while maintaining the highest standards of design excellence.
Established in 1966, we bring 50 years of proven expertise planning and designing mixed-use communities. Responsible for the design and realization of
over 90 projects in San Francisco, we have worked closely and successfully with numerous community groups and SF public agencies and departments
and have been recognized by SF Planning and other SF departments and community groups for our ability to understand and address the specific
aspects of the sites, adjacencies and neighborhoods.
In California, BAR has designed over 50,000 units of multifamily housing that includes affordable, market-rate and luxury and ranges from low, mid to
high rise buildings. We have worked with numerous developers including Related, Sares Regis on the planning and design of urban infill sites and/or
larger master planned mixed-use communities that successfully and seamlessly integrate multiple components including market-rate and affordable
housing, commercial and neighborhood serving amenities.
Recently opened, Alchemy by Alta is sited on over two full city blocks in San Francisco and was recognized in the SF Chronicle, December 2016, as one of
6 San Francisco urban design standouts (in the city’s view). Created with new construction and historic renovation, this new infill community is certified
LEED ND Gold and includes 330 units, an urban park, community building and garden, fitness center and club room.
38 Dolores, also located in San Francisco and certified LEED Gold, added 81 units over a 30,000 GSF Whole Foods Market with shared parking on
a uniquely shaped infill site. A mixed-use project that impacts three San Francisco neighborhoods, the President of the SF Planning Commission
specifically complimented BAR on our ability to understand the unique attributes of each of the three streets that are adjacent to the project, and how
the architecture so successfully addressed the context of each. The project has received great acclaim by the City and over 40 community organizations
and coalitions – as well as numerous design and industry awards.
Signatories to the 2030 Commitment to create net zero buildings, sustainable design
practices are an integral part of BAR’s design process. A certified San Francisco Bay Area
Green Business, we are active in the U.S. Green Building Council and have designed buildings to all levels of LEED certification including LEED Platinum. The majority of our technical
staff are LEED accredited and bring the knowledge, experience and resources to proactively
and collaboratively guide clients toward effective and appropriate sustainable design
solutions.
The recipient of over 190 design awards, our projects have been featured in Urban Land, MHN,
Architectural Record and numerous other books and publications representing innovative,
cost-efficient and best practices. However, more impressive than BAR’s award-winning
portfolio is the firm’s continued ability to design projects independent of a preconceived style.
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DEVELOPMENT TEAM
Strong Local Leadership
Our team will be led by Bill Witte and Greg Vilkin, both local to San Francisco. Bill is the founder and Chairman of Related California and has been
responsible for the strategic direction of the company for the past 25 years, and will be the Project Team Leader. Greg Vilkin, with $10+ billion and
30-years of development experience, manages the day-to-day development operations of our California platform. Greg and Bill will be supported by
the local team that they have built of 30+ professionals covering all aspects of the real estate equation, from financing/capital fund-raising, master
planning, architecture and design, construction management, engineering sustainability, marketing, management, leasing and sales.
Sares Regis of Northern California is lead by its Managing Director, Mark Kroll. Charmaine Curtis of Curtis Development will act as co-developer and
lead on our community outreach efforts. The Tenderloin Community Development Corporation efforts will be lead by Donald Falk, Chief Executive
Officer. BAR Architects’ Chris Haegglund, with more 30 years of Bay Area planning and design experience, will head up our design efforts.
RELATED CALIFORNIA
Master Developer
Bill Witte,
Chairman/Project Leader
Greg Vilkin, President
Susan Smartt, Executive VP, Development
Robin Zimbler, Senior VP, Affordable Development
SARES REGIS OF
NORTHERN CA
CURTIS
DEVELOPMENT
For Sale Housing Developer
Co-Developer
Mark Kroll
Andrew G. Hudacek
TENDERLOIN
NEIGHBORHOOD
DEVELOPMENT CORP
Affordable Developer
Charmaine Curtis
Donald Falk
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BAR
ARCHITECTS
Site design & Architecture
Chris Haegglund
RELATED CALIFORNIA TEAM
Bill Witte
Chairman & CEO/Project Leader
Mr. Witte is Chairman and Chief Executive Officer of Related California. For the past 25 years, and
since the founding of Related California, he has been responsible for the strategic direction of the
company, overall management of the firm, pursuit of new development opportunities, and oversight
of planning, financing and construction of a development portfolio of over 9,800 residential units
totaling more than $2.5 billion in assets. Prior to joining Related Companies in 1989, Mr. Witte
served as Deputy Mayor for Housing and Neighborhoods under Mayor Art Agnos where he oversaw
all housing, development and redevelopment activities for the City of San Francisco. He was Director
of Housing and Economic Development under Mayor Dianne Feinstein and served as an appointed
Commissioner of the San Francisco Housing Authority.
Greg Vilkin
President
As President of Related California Residential, Mr. Vilkin leads Related California’s market-rate,
luxury and mixed-income residential development throughout the state. He is currently overseeing
a $2 billion pipeline of residential opportunities in key markets including San Francisco, Los Angeles
and Orange County. Having joined Related in 2014, Mr. Vilkin brings more than 30 years of real
estate investment, development and management experience, during which he has led teams
that developed more than $10 billion in residential, retail, hospitality, office, industrial and
master-planned communities in markets throughout the United States.
Susan Smartt
Robin Zimbler
Phoebe Yee
Executive Vice President, Development
Senior Vice President, Development
Senior Vice President, Design
As Executive Vice President for Related
As Senior Vice President of Development for
As Senior Vice President of Design for Related
California, Ms. Smartt oversees all market rate
Related California, Ms. Zimbler is responsible
California, Ms. Yee is responsible for the
and mixed-income residential developments
for
of
management of architecture and design for
in Northern California, a portfolio totaling
development and financing for Related’s
all market rate and mixed-income residential
$600 million in development. She comes to
affordable residential developments. Prior to
developments in California. Ms. Yee works closely
Related with more than 30 years of real estate
joining Related, Ms. Zimbler was Develop-
with the architectural team, sales and market-
investment
expertise,
ment Director at L+M Development Partners,
ing, and development executives throughout the
entitling and developing more than 2,000
Inc., where she oversaw the development of
entire development process to ensure seamless
multifamily housing units and over one million
mixed-income
developments.
design and execution. A registered architect
square feet of office and industrial space.
She began her career working in the public
with extensive experience on major residential,
sector as Director of Multifamily Initiatives
commercial, hotel, retail and corporate devel-
for the New York City Department of Hous-
opments, she recently oversaw the design and
ing
and
completion of The Century, a luxury high rise
Director of Strategic Planning, Policy, and Pro-
condominium in Los Angeles that has set per
grams for Baltimore Housing, a joint agency
square foot sales price records for its market
of Department of Housing and Community
area.
and
development
the
coordination
of
residential
Preservation
and
all
aspects
Development,
Development and the Housing Authority of
Baltimore City.
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SARES REGIS OF NORTHERN CALIFORNIA TEAM
Mark R. Kroll
Managing Director
Mark R. Kroll is Managing Director and one of the Operating Officers of SARES REGIS Group of Northern
California, LLC and Regis Homes Bay Area, LLC. SARES REGIS is an integrated real estate company with
separate operating divisions that pursue apartment development and acquisitions, commercial development and
acquisitions, single-family development, land development, property management and construction. SARES
REGIS Group of Northern California is affiliated with SARES•REGIS Group headquartered in Irvine, California.
Mr. Kroll received his Bachelor of Science Degree in Engineering summa cum laude from Lehigh University and
a Master Degree in Civil Engineering/Construction Management from Stanford University. Mr. Kroll is currently
a Consulting Professor in Civil and Environmental Engineering at Stanford University where he teaches a graduate level Real Estate Development course.
Mr. Kroll is a Governor of the ULI Foundation and a Trustee of the Urban Land Institute, a member of the Policy Advisory Board of the Fisher Center for
Real Estate and Urban Economics at UC Berkeley, a board member of the San Francisco Opera.
Andrew G. Hudacek
Chief Investment Officer
Mr. Hudacek manages land acquisitions, debt and equity relationships and large scale entitlements for development properties in Northern California. Since joining the company in 1999, he has developed both residential
and commercial projects from inception to completion. He has entitled large scale in-fill projects including The
Crossing | San Bruno of 20 acres, the South Whisman Master Plan in Mountain View of 40 acres and the Pilgrim/Triton Master Plan in Foster City of 21 acres. Prior to joining the company, Mr. Hudacek worked for DPR
Construction, Inc., from 1996 to 1999, where he directed office construction and tenant improvement projects
totaling more than one million square feet.
Mr. Hudacek coaches the NAIOP Golden shovel team for Stanford University annually, he lectures at Stanford University in the Department of Civil
Engineering and speaks frequently at industry events as an advocate for urban in-fill projects. He is a full member of the Urban Land Institute, a
member of a national ULI product council and the Co-Chair of the ULI Silicon Valley committee which puts on over a dozen events a year on various topics
related to responsible land use. Mr. Hudacek received his Bachelor of Science Degree from Princeton University in Engineering, Civil and Environmental
Engineering and Architecture as well as a Master of Science Degree from Stanford University in Civil Engineering, Construction Engineering and Management Program.
Todd A. Regonini
Jeff A. Smith
Matthew Chin
Chief Development
Senior Vice President of
Development
Vice President,
Acquisitions
Todd Regonini manages
Jeff Smith is a Senior Vice
Matthew Chin is responsible
all aspects of the Com-
President of Development for
for sourcing, underwriting,
pany’s Residential Devel-
Sares Regis Group, a private
financing,
structuring
and
opment Division including
real estate company based
executing
residential
and
Officer
development and construction of infill, for-sale, in San Mateo. Jeff has worked for Sares Regis for
and multifamily rental communities. Todd also over 19 years, and manages all aspects of residential
mixed-use acquisitions. Prior to joining SRGNC,
provides
York where he focused on opportunistic real estate
individual development from site acquisition; feasibility; financing;
entitlement; design; construction; marketing and
project teams for feasibility analyses, project
sales or lease-up. Development of for-sale and forprogramming, conceptual design and entitlerent communities including everything from single
ments, pre-construction services, financing,
family homes to high-density apartments and from
and project operations. The Division currently
master plan communities to affordable housing. In
has over 2,000 multi-family rental units under
total, Jeff has worked on 17 different communities
construction or in development in the Bay Area,
including 1,815 new homes and over $1.2B in market
along with over 300 for-sale homes.
value.
expertise/guidance
to
Todd received a Master’s Degree in Infrastruc- Jeff has extensive experience in the Bay Area in-fill
ture Planning and Management/Civil Engineering residential real estate market including work in
from Stanford University and a Bachelor’s Degree Redwood City, Foster City, Belmont, Palo Alto, Los Altos,
in Civil Engineering from Worcester Polytechnic Sunnyvale, San Jose, and Fremont. Jeff has worked
Institute. Todd has been with the Company from closely with most of the Chambers of Commerce in
its founding.
each city, and he currently active in the Redwood City
Chamber. He was also Development Manager of Redwood City’s Township Luxury Apartments, the first new
apartment project in Redwood City in over a decade,
and the first of many new projects that have re-shaped
Redwood City’s exciting downtown.
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Matt worked at Oaktree Capital Management in New
investments across a variety of asset classes and
product types. Prior to Oaktree, Matt worked at
Vornado Realty Trust in the acquisitions department
and Citigroup in the investment banking division.
Matt received his BA from The University of Chicago
where he was inducted to the Phi Beta Kappa honors
society. Matt is a Steering Committee member of ULI
San Francisco’s Young Leaders Group (YLG).
CURTIS DEVELOPMENT TEAM
Charmaine Curtis
Principal
Charmaine is a residential real estate developer whose 25+ year career encompasses a diverse
portfolio of work; one that speaks to her passion for providing housing for individuals and families
at all income levels and developing pioneering, vibrant, mixed-use urban infill projects with a strong
emphasis on design. Having been both a for-profit and non-profit developer, she has a breadth and
depth of knowledge and experience that is unusual in the industry.
Before starting her own company in 2004, she was the President of A. F. Evans Development where
she oversaw the development of 4,000 units of housing. Earlier in her career, she was the Director of
Housing Development for Mercy Housing California and a project manager for the first lofts in San
Francisco’s South of Market. She is currently co-developing a 162-unit apartment project in Oakland.
Charmaine is a member of the SPUR Oakland board and also serves on the board of the Homeless
Prenatal Program in San Francisco. Ms. Curtis is a longtime resident of the San Francisco’s Sunnyside
neighborhood.
BAR ARCHITECTS TEAM
Chris Haegglund
Principal
Chris Haegglund brings 30 years of experience planning and designing award-winning mixed-use,
multi-family residential, retail and resort facilities. He has worked closely with numerous national
developers including Related, The Prado Group, Grosvenor, Wood Partners, Equity Residential, Fivepoint, Federal Realty Investment Trust, Hines and Alliance Residential.
Chris has designed livable communities throughout California, the United States and internationally.
He has been responsible for creating numerous successful communities and mixed-use complexes
in San Francisco, Oakland, San Jose, Long Beach, Menlo Park, Seattle and Boulder. Chris most
recent completed work in San Francisco includes the award winning 38 Dolores, a certified LEED
Gold mixed-use project; Alchemy by Alta, 330 units for Wood Partners in San Francisco and One
Henry Adams for Equity Residential.
Chris has served as a speaker for many professional industry organizations including Urban Land
Institute, Multi-Housing World Annual Conference and ICSC’s Centerbuild Conference. He also
works closely with faculty and students supporting and teaching various classes at Cal Poly and the
University of Oregon, including a multifamily housing studio for the University of Oregon.
6
RELATED CALIFORNIA
Ocean Avenue South - Santa Monica
DEVELOPMENT FEATURES
The successful development of the 3.6 acre Ocean Avenue South is testament to Related’s ability
• 160 Affordable Apts
• 158 Condominiums
• 20,000 SF of Retail
to navigate a multi-year entitlement and sensitive public-private collaboration. The site is highly
DEVELOPMENT
COST
$450 million
under a long term ground lease and features both mixed-use development and mixed-income
PARTNER(S)
Resmark and
Community Corporation of
Santa Monica
SIZE
PROJECT TYPE
PROJECT
COMPONENTS
Affordable Housing, Luxury
Condominiums, Retail, Open
Space
(1.83 acres)
• Mixed-Use Development
• Infrastructure Experience
• Complex Financial Deal
Structure
• Innovative Sustainable Design
• Shared Decision Making
• Affordable Housing
visible, located in the heart of the city and just two blocks from the Pacific Ocean on Santa Monica’s
coveted Ocean Avenue. Ocean Avenue South is an infill redevelopment on city-owned property
housing.
The development was executed under a Disposition and Development Agreement with the City of
Santa Monica and was a key component to the overall vision for the City’s Civic Center Specific Plan
addressing the need for affordable housing. An around-the-clock work-live-play community, Ocean
Avenue South is comprised of the largest, single-income restricted affordable apartment complex
that the City has helped finance, two luxury condominium properties, lush landscaping, outdoor
plazas with public art, retail and restaurants. Of the 318 housing units, 50% are dedicated
affordable units which is an unprecedented mix of affordable and market rate housing in a single
development. Honored as the winner of the 2016 ULI Global Award for Excellence, Ocean Avenue
South provides a model for high density urban master planned development focused around public
access and connectivity.
7
RELATED CALIFORNIA
1601 Mariposa St - San Francisco, CA
1601 Mariposa will be a LEED Silver–Certified, family and pet friendly, mixed income development located at the base of San Francisco’s Potrero Hill
featuring lushly landscaped, publicly accessible greenways that will provide 28,000 SF of neighborhood open space, two small parks and pedestrian
access from Mariposa Street through to 18th Avenue.
Designed by David Baker + Partners, 1601 Mariposa will include 299, one, two and three bedroom apartments located in two residential buildings
with a ground floor lobby and leasing center, a state of the art fitness center facing onto the greenway, resident’s lounge, a work share space, outdoor
courtyards and garden spaces, and a roof deck with panoramic views of the San Francisco skyline. 60 of the apartments will be permanently affordable to SF households with incomes of less than 60% of the SF median, 17 more affordable apartments than was required by the San Francisco code.
When the project was first proposed, the mixed-use, mixed-income residential development garnered organized opposition from the Potrero Hill
neighbors. The Related Team conducted extensive outreach throughout the approval process to gather feedback about density, design, and resources
that the community felt it needed. Related partnered with neighboring Live Oak School to explore options for new recreation facilities and redesigned
the site plan to accommodate increased set backs and verdant passageway to separate the new residences from the school’s classrooms. To insure
an open dialogue, the Related Team developed a website and neighborhood newsletter and designed a monthly project update in the Potrero View,
the neighborhood newspaper. Parking will be accommodated with 255 underground spaces and room for 350 bicycles. 1601 Mariposa is unique as it
is a significant project within a fine-grained residential neighborhood with varied uses and architecture on each of its four facades. In order to blend
the project into the neighborhood, Related engaged multiple architects to produce a development with a variety of unique and contextual facades
and rich, fine grained textures to reflect the development’s surroundings within Potrero Hill.
Ultimately, the SF Planning Commission approved the project unanimously in November 2015, and contrary to other neighborhood projects, no
appeal to the Planning Commission decision was filed. Construction is scheduled to begin in Spring 2017.
DEVELOPMENT FEATURES
SIZE
• 299 apartments with
• 60 dedicated as affordable
• 255 underground parking
spaces
• 350 bicycle storage facility
DEVELOPMENT
COST
$210 million
PROJECT TYPE
• 80/20 Affordable Financing
• Market rate apartments
• Affordable apartments
• Open space
PROJECT
COMPONENTS
Project will be financed using Tax
Exempt Bond Financing and 4%
Low Income Housing Tax Credits
8
RELATED CALIFORNIA
Crescent Cove - San Francisco, CA
Crescent Cove is a 236 unit 100% affordable housing development located in the master planned
community of Mission Bay in San Francisco, CA. Developed in partnership with Chinatown
Community Development Corporation and located adjacent to a waterfront park, the community
maximizes an irregularly shaped site defined by the curve in the Cal Train railroad tracks. The
unique design of the curved building adjacent to the railroad tracks substantially reduces the
sound from the slow moving commuter rail cars.
The studio, one and two bedroom residences provide new, well-located housing for San Francisco
households with incomes between 50% and 60% of median income. The community’s on-site amenities
include a 3,000 square foot community center with a fitness room and an outdoor barbeque area. The
community is the recipient of the Pacific Coast Builders Conference Annual Golden Nugget Award
for Best Affordable Project-30 units/acre or more. The property opened in 2007 and is fully leased
with a long waiting list.
DEVELOPMENT FEATURES
SIZE
236 affordable apartments and
3,000 SF of community space on
3.57 acres
DEVELOPMENT
COST
$75 million
PARTNERS
Chinatown Community
Development Center
PROJECT
COMPONENTS
3,000 SF Community Center
Fitness Room
Outdoor BBQ Area
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SARES REGIS
Altaire - Palo Alto, CA
Starting in the mid 2000’s, Sares Regis began the master planning effort on a $300 million multi-generational mixed use urban campus in the city of Palo Alto,
CA now known as the TKCJL and Oshman JCC. The master plan required intense community engagement due to the brownfield nature of the site, the various
mix of uses and the intensity of the project within the active and organized community. Sares Regis’ residential affiliate developed 103 condominium style
townhomes on a shared podium garage known as Altaire. Altaire is essentially a row home housing solution lifted in the air above the vehicular plane. The
pedestrian only zone on the podium allows for densities of 30 DUA and a quiet family friendly atmosphere in which strollers and tricycles are not competing
with cars and buses for space. The homes live as traditional row homes or town homes and include two, three and four bedroom plans. The project was very
well received in the market place and sold well during the Great Recession as well as garnering multiple design related awards.
Altaire was built side by side with 56 all affordable senior restricted residences by BRIDGE Housing Corporation. Together with the multi-generational campus
at the JCC which included a state of the art fitness center, senior assisted living, cultural center and pre-school; Altaire has become an integral part of its
community and has stood the test of time. Nearly ten years later, the homes are very popular on the resale market and have created a model for an urban density
of housing that creates more density than traditional row homes and is appreciated by families perhaps more-so than condominium flats.
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BAR ARCHITECTS
Alchemy by Alta - San Francisco, CA
Recently opened, this vibrant new community with 330 market-rate multifamily units, including 50 Below Market Rate units and significant amenities,
is Certified LEED ND (Neighborhood Development) Gold, and targeting Green Point Rating compliance for new buildings. Imparting a specific and
distinctive design response to enable connection between people and place, Alchemy by Alta comprises a series of five buildings, spaces and details
that thoughtfully resonate and respond to the historic Hayes Valley neighborhood. Contributing to this dynamic blend of urban living is the adaptive
reuse and expansion to an existing historic Spanish Colonial Revival buildings into a 12,000 square foot community facility and 23 residential
units. The five main new residential buildings are carefully sited and designed to provide a new urban edge to the surrounding streets, as well as
sympathetically responding to the existing historic buildings. Integrated into the overall project is the design of several outdoor spaces including
the new 28,000 sf Waller Park that traverses the entire two block steep site from east to west. A mews runs north to south and intersects Waller Park
in a central plaza. A new community garden with a series of stepped terraces provides yet another public gathering space that adds to the richness
and variety of this engaging community.
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