Construction has started for a five-story mixed-use addition at 100 Callan Street in Old San Leandro, Alameda County. Once complete, the structure will contain nearly two hundred homes, a Sprouts grocery store, Union Bank, and other retail space. The project is a joint venture with the Martin Group, Sansome Pacific Properties, and STARS REI.
“We look forward to delivering the first large-scale mixed-use project in San Leandro’s downtown,” said Justin Osler, Co-Managing Partner at The Martin Group. “We hope that this project will help encourage additional development in San Leandro, one of the Bay Area’s most vibrant communities and best kept secrets.”
The 65-foot tall structure will yield 286,200 square feet, with 127,750 square feet for residential use, 31,100 square feet for retail, 5,890 square feet for amenities, and 86,450 square feet for the 286-car garage. Parking will also be included for 84 bicycles across 820 square feet. Of the 196 apartments, sizes will vary, with 60 studios, 94 one-bedrooms, 35 two-bedrooms, and seven three-bedroom units.
BDE Architecture is responsible for the design. The exterior will be clad with stucco, wood-look panels, metal screens, and glazed windows. An exterior public art mural will be installed along 14th Street, serving as a background for Sprouts Farmers Market signage.
Each unit will feature a quartz countertop and tile backsplash in the kitchen, stainless steel appliances, a full-size washer-dryer unit, and wide plank flooring. Select units will have access to patios and balconies. There will be 20,000 square feet of open space across the site, offering barbeque pits, an outdoor TV and gaming area, a dog run, and a community garden. Interior amenities will include conference rooms, a clubroom, a chef’s entertaining kitchen, and work pods.
Felipe Bertoni, Vice President at STARS REI, a privately held real estate investment management company headquartered in Santiago, Chile, shared that “We remain quite bullish long term on The Bay Area due to its powerful and unique ecosystem. We are delighted to expand our Bay Area portfolio with this well-conceived development project in a great neighborhood, and with an experienced partner.”
The Guzzardo Partnership is responsible for landscape architecture. Greenery will be spread across the street level to improve the pedestrian experience, along with a new 2,400 square foot pedestrian public plaza, inner-block courtyard, and open-air terraces. Sandis is the civil engineer, and Nelson Structural Engineers is the structural engineer. Johnstone Moyer, Inc. is the general contractor.
Financing was arranged by JLL and provided by Principal Real Estate. The $69 million closing has allowed construction to start, with completion expected by 2024.
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