The San Francisco Business Times had the big scoop: two developers have competing proposals for a large development just east of the Richmond BART station — with one proposing almost 1,000 housing units.
The 5.8-acre site is part of the second phase of the Transit Village-Metro Walk project. Richmond City Council will choose between the proposals “in the coming months,” the Business Times said.
One of the proposals, by oWow, calls for 967 housing units, all below market rate. Some would be family-sized macro-units that have “flexible interior walls that tenants could rearrange…,” according to the Business Journal. The project also includes about 25,000 square feet of commercial space.
The other proposal by SAA/EVI (SA+A Development and Ernst Valery Investment Corp.) features 495 units, about 20 to 30 percent designated affordable, with about 33,800 square feet of commercial space and parking.
SAA/EVI is meanwhile seeking the green light from City Council to build 256 housing units and 100,000 feet of retail and commercial space in the vacant lots on 12th Street and Macdonald Avenue, according to the report.
Read the Business Journal’s full report for more details, including Mayor Tom Butt’s reaction.