Funding

Funding Needed
$236.9 (Mio)
EB5 Funding
$49.5 (Mio)
EB-5 Investors
99
Investment Amount
$500,000

Jobs

Job Creation per Investor
15.2
Job Creation (Total)
1500
Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Location

State
California
Location
Multiple locations in California

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4 Multifamily Residential Buildings


Developer Name
Hillwood Development Company, LLC

Project Description

FOLSOM STREET
The Folsom Street Project is planned to contain a unit mix of two studio apartments, seven junior one-bedroom units, 60 one-bedroom units, and 46 two-bedroom units. The Project is expected to contain retail space, a bike shop for residents, and a level of subterranean parking with approximately 87 spaces.

TEXAS STREET
The Texas Street Project is planned to consist of a four-story structure containing 94 residences, with an average size of 880 square feet. The Texas Street Project is also expected to contain one level of subterranean parking with 82 parking spaces.

PINE STREET
The Pine Street Project is expected to consist of 13-stories of residential units consisting of 123 residential condominiumscollectively totalizing approximately 146,959 square feet over subterranean parking which is planned to include 92 parking stalls. Furthermore, the Pine Project is expected to include approximately 3,651 square feet of retail space.

POTRERO STREET
The Potrero Street Project is planned to feature access to a multitude of local amenities including nearby freeway access and multiple mass transit access points to the North Bay, East Bay and the peninsula.
The Potrero Project is planned consist of a nine-story structure including seven-stories of residential units (featuring 76 condominium units in total) and 2 stories of residential and commercial parking.

Project Timeline

• Development and pre-construction activities for the projects have commenced.
• Construction activities are anticipated to commence 4th Quarter 2014.
• Completion of construction activities is anticipated by 4th Quarter 2016.

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