(Save the date: RealShareApartments comes to the Westin Bonaventure, LosAngeles, October 24.)
SAN MATEO, CA-The AFL-CIO BuildingInvestment Trust has contracted with Sares RegisGroup of Northern California to develop 155 luxuryapartments at 888 N. San Mateo Dr. here. The $68.9 milliondevelopment will offer residents such amenities as an outdoor pooland playground, along with a dog park, fitness center, andunderground parking.
As with all BIT investments, according to a prepared statement,all on-site construction will be performed by members affiliatedwith local building and construction trades councils. “This projectis expected to create over 300 union construction jobs,” saysWilliam Nack, secretary-treasurer of the San MateoBuilding and Construction Trades Council. “To say the least, we areexcited by this prospect.”
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