Jueves 19 de Octubre 2017

Young Community Developers and AMCAL Multi-Housing Host Grand Opening for Pacific Pointe Affordable Housing Development

  • First Affordable Housing at San Francisco Shipyard, Largest
    Redevelopment in San Francisco History

SAN FRANCISCO–(BUSINESS WIRE)–Pacific Pointe, the first 100% affordable housing development in the San
Francisco Shipyard, held its grand opening yesterday led by District 10
Supervisor Malia Cohen. Young
Community Developers
, a non-profit that serves the Bayview Hunters
Point community, and AMCAL
Multi-Housing
, a leading affordable housing developer, joined
together to develop Pacific Pointe. Located at 350 Friedell Street,
Pacific Pointe includes 60 modern, fully equipped apartments, many with
views of the city and bay.

“I am encouraged that the Pacific Pointe project actually serves the
residents of the Bayview neighborhood. Many of our neighborhood’s
residents live at Pacific Pointe and many have worked on its
development,” said Supervisor Malia Cohen. “Not only has the
construction of this project provided job and training opportunities for
residents but also more permanent affordable housing opportunities for
Bayview residents.“

Joining Supervisor Cohen at the ribbon-cutting ceremony were: Tiffany
Bohee, Executive Director of the San Francisco Office of Community
Investment and Infrastructure; Kofi Bonner, Regional President of
FivePoint; Shamann Walton, Executive Director of Young Community
Developers; Charmaine Atherton, Senior Vice President of Southern
California Community Development Banking for Bank of America Merrill
Lynch; and Maurice Ramirez, Executive Vice President of AMCAL
Multi-Housing.

Pacific Pointe is already 100 percent leased to households earning no
more than 50 percent of the San Francisco median income. The project was
developed in cooperation with the San Francisco Office of Community
Investment and Infrastructure and is part of the inclusionary affordable
housing in FivePoint’s (formerly Lennar Urban) redevelopment of the
638-acre Shipyard, the largest redevelopment effort in San Francisco
history.

Lennar provided a $10 million construction subsidy and the site
infrastructure for the new affordable community. Bank of America is the
lender and tax-credit investor for the project.

“I am excited to see the wonderful opportunities that have been
available in our community finally come to fruition. One hundred percent
affordable housing demonstrates that YCD is serious about keeping our
community whole,” said Shamann Walton, Executive Director of Young
Community Developers. YCD co-developed Pacific Pointe and will be
providing training and social services to residents.

Residents of Pacific Pointe enjoy one-, two- and three-bedroom
apartments with onsite amenities including four community rooms and
lounges, laundry facilities, a common space kitchen and secured parking.
Two four-story buildings sit atop a one-story garage that provides 45
parking spaces and 44 bike spaces. The project provides outdoor public
spaces common to market rate apartments such as a rooftop open-air deck
and landscaped courtyards. The site is close to the Third Street light
rail line, Muni bus line, a bicycle route, India Basin Shoreline Park
and Hilltop Park, Hunters Point #2 School, and the city’s Southeast
Health Center.

“I am thrilled to see the completion of our first development in San
Francisco and very grateful to have had the opportunity to work with the
City, Lennar and YCD and many others,” states Percival Vaz, CEO of AMCAL.

The design by David Baker Architects and INTERSTICE Architects is
contemporary with exterior architectural elements that vary in size and
color to create a distinctive and memorable façade for the structure.
The corten steel “sail” pays homage to Hunters Point’s history as a
shipping community. Sustainability played an important role in the
design and construction of the building. Pacific Pointe achieved
GreenPoint Rated status.

Pacific Pointe includes a special community tribute that provides a
cultural and historical narrative of the people, places and things that
have influenced Hunters Point over the years – spanning from the
earliest settlement by the Muwekma Ohlone to the present and future
places and institutions of this vibrant community. This public-oriented
entry feature was a result of an intensive collaboration with the
Hunters Point community as part of the project design process. The idea
to tell a story within the project was brought forward early, and was
actively supported by several community members, including Pastor
Joesiah Bell and Dr. Veronica Hunnicutt.

The master plan for the San Francisco Shipyard and adjacent Candlestick
Point includes 12,000 homes, three million square feet of office space,
an urban outlet center, local retail, restaurants, a theater and
performing arts space. Plans are in place to create 326 acres of parks
and open space at the sites.

Contacts

Casey & Sayre PR
Barbara Casey, 310-636-1888
bcasey@caseysayre.com