SAN FRANCISCO—AMCAL Multi-Housing is starting construction on 60 affordable family apartments at the San Francisco Shipyard development in southeast San Francisco. AMCAL is building the affordable project in partnership with Young Community Developers, a San Francisco nonprofit that provides training and support for residents of Bayview Hunters Point.
AMCAL has contracted with Cahill General Contractors to construct the apartments. "AMCAL's 35 years of experience and proven expertise in the affordable housing sector underscore our own principles of delivering housing with quality, value and integrity," says Kofi Bonner, president of Lennar Urban. "With this project, we'll be able to deliver affordable housing earlier than expected.''
The project will be affordable to households earning no more than 50% of the San Francisco median income. The building is scheduled to be completed in 2016.
AMCAL's development is part of the inclusionary affordable housing in Lennar Urban's first phase of development. Also, it is the first significant affordable housing in the master plan for the redevelopment of Hunters Point Shipyard-Candlestick Point, the largest redevelopment effort in San Francisco history.
Lennar is providing a $10 million construction subsidy and the site infrastructure. Bank of America is the lender and tax-credit investor for the project.
The project will consist of 60 affordable apartments, which include one, two, and three-bedroom units. The site is 22,433 square feet, and the property will total 82,000 square feet of residential building. The project is at 350 Friedell St.
The project is being developed in cooperation with the San Francisco Office of Community Investment and Infrastructure, which is the successor to the San Francisco Redevelopment Agency.
The apartment building, which is designed by David Baker Architects and Interstice Architects, will have one level of concrete parking structure with four levels of living space. The garage level will provide 45 parking spaces as well as 110 bike spaces. Common spaces will include four community rooms and lounges, laundry, a common space kitchen as well as offices for onsite property management. The top level will have an open-air deck; landscaped courtyards will be on the podium level.
The master plan for The San Francisco Shipyard and adjacent Candlestick Point includes 12,000 homes, three million square feet of office space, an urban outlet center, local retail, restaurants, a theater and performing arts space. Plans are in place to create 326 acres of parks and open space at the sites.
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