California Community

Cadence, Hayward, California

Cadence

Cadence is part of an emerging urban residential area next to the South Hayward BART Station. The 2.9-ac. redevelopment site replaces a parking lot with 206 Class A luxury apartments (71 dua). The development is a partnership with JMJ Development and Eden Housing, which will provide affordable housing on an adjacent parcel. BART is participating with a land swap to create a pocket park.

Construction is four levels of Type V with 350 spaces of parking in an at-grade podium. The design is a contemporary exterior.

Funding is via a $50,000,000 HUD 221-d-4 loan with ACRE Capital. The State of California is providing a $9,800,000 transit-oriented development grant.

The site is located near a BART station, Valle Vista Park, Chavez E.S., Tennyson H.S., shopping and churches.

Amenities include a community room , pool, barbecue area, children’s playground and bicycle storage.

Construction began in Mar. 2015.

Photos

Available after completion

Year Built

2017

Type

Market-rate

No. Units

206

Total Cost

$68,000,000

Developer

AMCAL Equities

Contractor

J.E. Roberts Obayashi

Architect

BDE Archiecture

Financing

Equity

$10,000,000
Private

Construction

$50,000,000
ACRE Capital and U.S. Dept. of Housing and Urban Development

Permanent

N/A

Agency

$9,800,000
State of California Housing and Community Development - TOD/IIG

Non-Profit

Eden Housing