CONSTRUCTION STARTS

AMCAL Multi-Housing and Las Palmas Foundation began construction on MacArthur, a 32-unit low-income housing project in Oakland. Chairman Percy Vaz (snapped last Friday in LA) says this is AMCAL’s second project in Oakland after the completion of Brookfield Place a couple of years ago.
MacArthur will boast a 1,000 SF community room, barbecue, tot lot, and 900 SF of retail, including a coffee shop and dining. Seven units will be set aside for families that are homeless (or at risk of it) and have a family member with severe mental illness.
Percy tells us AMCAL’s planning a third project in Oakland and looking at other cities in the Bay Area. The company also has a 350-unit market-rate project next to a BART station in San Francisco and a 600-bed student housing project next to Cal State Monterey Bay (above) at the old Fort Ord, but that one doesn’t begin for at least a year.

Continue reading this story with a free account

Log in or register
Related Topics: AMCAL Multi , Brookfield Place
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

Stanford Pursuing $100M Fund For A 2M SF Expansion

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Stephen Curry Sells Planned HQ Site Near Warriors' Arena

Renovate Or Raze: K-12 Developers, School Districts Face Difficult Development Choices

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success