Properties: City Center Tower

CITY CENTER TOWER
HAYWARD, CA
HIGH-RISE RESIDENTIAL ADAPTIVE RE-USE & REDEVELOPMENT

Valuation $8,500,000
  
Status The Planning Committee unanimously approved the project. The approved project was sold to a local Bay Area private development firm. 100% of the equity investment was preserved for the original project sponsor.
                                
Description An eleven story, 153M sq. ft., vacant office building (highest building in the Hayward market).
  
Location Located in Hayward, CA with views of the San Francisco Bay and within walking distance to shopping and the BART transit station.
  
Business Plan The project was entitled as mixed-use and high-density multi-family development with 150 condo units (108 DU/Acre) and exclusive use of 325 parking stalls owned by the city in an adjacent, underutilized parking structure under an exclusive use/shared maintenance agreement.

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