After nearly 600 condo-converted homes in the Marina Bay neighborhood in Richmond sold in less than 3 years — many in the $300-$500K range — a developer is inching closer to building nearly 200 units forecast to be similarly priced at a former quarry site in Pt. Richmond.
Earlier this month, Richmond Planning Commission unanimously recommended the approval of the Quarry development proposed by Las Vegas-based New West Communities on vacant land at 1135 Canal Blvd. The project will soon head to city council for review.
The project would feature 15 buildings up to three stories high, with some buildings having 4-story elements, along with a clubhouse, swimming pool, a tot lot playground, 298 parking spaces, and pathways connecting residents to nearby open spaces such as Miller/Knox Shoreline Park and the San Francisco Bay Trail. As part of the project, part of the Bay Trail along Seacliff Drive would be improved, according to city documents.
While neighbor concerns persist about the potential for traffic issues along Seacliff Road, the project is being viewed by local officials and residents alike as an ideal site for much-needed new housing.
Todd Floyd of New West Communities said the units would be affordable to middle-income earners such as teachers, nurses and police officers. Units of varying sizes are forecast to start in the mid-$300,000s and go up to as high as the mid-600,000s. Most units will be in the $400,000s range, Floyd said.
Floyd also said his firm is committed to meet the city’s inclusionary housing ordinance by adding affordable units to the property rather than by paying an in-lieu fee to an affordable housing fund managed by the city.
Along with approving of the project’s environmental review report on Feb. 1, the Planning Commission also recommended approval of a request to change the land use for the site’s 18-plus acres to medium density residential for the 6 acres where the condos will be built, and to open space for the remaining 12 acres.