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The project will include a welcoming <br /> paseo from the development to the BART <br /> station as well as a greenway between <br /> the site and BART to encourage walking <br /> and biking and attractive and inviting <br /> outdoor areas. <br /> Accomplishments To-Date: Staff <br /> continues to work with the project IiMh <br /> partners on development concepts and negotiations are underway for a Development <br /> Agreement that will clear the way for a smooth and efficient development process. The <br /> Development Agreement and Planned Development Permit are expected to be brought to the <br /> City Council for approval in early 2014. <br /> Cornerstone/San Leandro Crossings —The Cornerstone building, which is part of the San <br /> Leandro Crossing development project at the San Leandro BART station, will consist of 200-unit <br /> affordable housing rental units. The updated Cornerstone affordable rental housing project <br /> represents the first residential development to occur under the Downtown TOD Strategy. The <br /> Cornerstone will enhance downtown with its attractive architectural design, increase public <br /> transit use and the number of people patronizing <br /> downtown businesses. The Cornerstone has <br /> leveraged over $30 million in public funding ($9.1 " <br /> fir" ff <br /> million loan from the former Redevelopment <br /> Agency and over $22 million in Proposition 1C grant <br /> funding from the State,) and will help the City meet- <br /> its State and federal affordable and workforce <br /> housing goals. Construction is expected to begin ;TO ��� y " %r'' <br /> late in 2013. <br /> Accomplishments To-Date: An Owner Participation and Loan Agreement (OPLA) was executed <br /> with developer BRIDGE Housing in 2009. Since that time, the City and the developers have <br /> successfully revised the project plan to reflect changing market conditions and successfully <br /> resolved a dispute with the California Department of Finance over funding for the project. <br /> 1595 Washington Ave (Former East Bay MUD site) — The City and Successor Agency <br /> own two adjacent parcels at 1595 Washington Avenue and 268 Parrott Street in Downtown San <br /> alt of Leandro Economic icD°evelo Development and Work December 2013 <br /> Y � p Strategy � <br />