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10C Action Items 2017 0619
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10C Action Items 2017 0619
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6/14/2017 9:55:05 AM
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6/14/2017 9:55:04 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
6/19/2017
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OB Reso 2017-04 PSA 1595 Washington Ave and 268 Parrott St
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\City Clerk\Successor Agency Oversight Board
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Hayward <br />Lewelling: (14) Town Homes <br />Bartlett: (4) Single Family Homes <br />Penny Lane: (4) Single Family Homes <br />Walnut Creek <br />North Main: (12) Unit Apartments <br />Current Development <br />*Del Hombre: (19) Unit Condominium/Apartments-Across the Parking Lot <br />from BART <br />References <br />City of San Leandro <br />Cynthia Battenberg <br />Elmer Penaranda <br />Alameda County <br />Phil Sawery Kubichek -Senior Planner <br />Ken Carbone -Vice Chair M.A.C. <br />Contra Costa County <br />Francisco Avila -Senior Planner <br />Financial Viability <br />David Langon will work with his group of equity partners to pay cash for property. <br />Would also like to have the option to use sale of other property to do a 1031 exchange. <br />C.Project Proposal <br />Project Description <br />David Langon Construction will continue with the concept originally started while <br />working with the Redevelopment Agency in 2010 (see attached plans). We plan to build <br />21-22 Units over 3,500' of restaurant space (per the attached plans). This will be a For <br />Sale Market Rate Luxury Condominium Project. The units will be 1, 2 and 3 Bedroom <br />Energy Efficient Units, with state of the art amenities and features. The building will <br />host a private fitness center, rooftop open space and outdoor amenities. It will include <br />2 moderate and 1 low income inclusionary units as well. The ground floor will be built <br />to host a boutique bar and grill type restaurant with outdoor seating, which will serve <br />breakfast, lunch and dinner. We have built several restaurants and invested financially <br />343
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